Cobalt Software, Inc. (“Cobalt”), a leading portfolio monitoring solution for the private capital industry, and Strata Fund Solutions LLC (“Strata”), a premier private capital fund administrator, today announced a new strategic partnership which will enable the firms to deliver greater value to their private equity and venture capital clients through an integrated offering of complementary middle- and back-office services and technology.
Cobalt’s portfolio monitoring platform enables private capital firms to efficiently collect, analyze, and report on fund and portfolio company performance data and KPIs. Fund managers use Cobalt’s platform to gain operational efficiencies, address investor and management reporting demands, and understand what drives performance in their funds.
“Cobalt is a best-in-class portfolio monitoring platform for private equity and venture capital firms, and our clients will benefit from their advanced analytics and reporting capabilities alongside our fund administration services,” said Jared Broadbent, Founder and CEO of Strata. “Through a direct integration with Cobalt’s software, we will deliver automated transfers of selected accounting and cash flow data directly to the Cobalt platform. This seamless integration will accelerate and enhance our clients’ ability to leverage the Cobalt platform while minimizing administrative burdens for all parties.”
“Strata is widely recognized for their high-touch client service and their expertise in servicing complex investment funds. We are thrilled to partner with Strata to unite their premium back-office services with our portfolio monitoring platform,” said Jason Weinstein, CEO of Cobalt. “This comprehensive new solution will streamline work processes and expand access to portfolio analytics, which will be a huge win for our joint clients.”
Cobalt is private capital’s key to collecting, analyzing, and reporting on fund and portfolio company financial metrics. Private equity and venture capital funds use our intuitive portfolio monitoring platform to gain critical operational efficiencies, address increasingly complex LP and management demands, and, ultimately, competitively position their firm. Based on our clients’ firm size and investment style, we tailor our suite of solutions to match our clients’ portfolio monitoring, cash flow analytics, and benchmarking analysis needs. We also place a premium on client service, so our team is available to our clients to grow smart solutions the way they need. For more information, please visit www.cobalt.pe.
Strata is a leading provider of mission-critical middle- and back-office services to private equity funds, venture capital funds, and other asset managers and asset allocators. Founded in 2008 to fill an underserved need for high-quality fund services, Strata has established itself as a leading innovator in the alternative investment sector. Strata’s service offerings include traditional fund administration, shadow fund administration, alternative data management, and tax services. With over $100 billion of assets under administration, Strata has a long track record of supporting complex clients and delivering on high-value engagements. For more information, please visit www.stratafs.com.
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