Addepar, a technology and data platform for investment professionals, has announced the launch of Alts Data Management, Private Fund Benchmarks, and cash flow forecasts in Navigator. These new capabilities are intended to improve operational efficiency and enhance data-driven decision-making for advisors and institutions that manage complex alternative investment portfolios. Addepar supports more than 1,200 client firms overseeing over $7 trillion in assets, with 40 percent allocated to alternative investments. The Alts Data Management tool simplifies the process of handling alternative investments by extracting key information from various financial documents. Utilizing AI technology and human verification, the system ensures accurate data processing and automation, offering a clear view of private fund investments.
In addition to Alts Data Management, Addepar has introduced Private Fund Benchmarks, which provide performance data for private fund investments using aggregated and anonymized data from approximately 12,000 funds. These benchmarks help advisors and institutions analyze and refine investment strategies. The company has also enhanced Addepar Navigator with private fund cash flow forecasts, allowing clients to generate predictions based on historical data from private equity, venture capital, and private debt investments. Don Nilsson, Chief Product Officer at Addepar, highlighted the company’s commitment to ongoing research and development, investing $100 million annually to improve its platform and provide valuable tools for investment professionals.
