Cobalt Software

What Cobalt Software does

Cobalt Software, Inc. is a cloud-based SaaS provider of portfolio monitoring software for private equity and venture capital firms, operating as a wholly-owned subsidiary of FactSet (NYSE: FDS) under the brand 'Cobalt, a FactSet Company.' The company's core product is a self-service portfolio monitoring platform that combines business intelligence capabilities with consumer-technology-style usability, designed to replace the spreadsheet-based workflows that PE and VC firms traditionally rely on for collecting, analyzing, and reporting on fund and portfolio company metrics. The platform includes an in-platform analytics engine that natively runs cash flow calculations, track record and attribution analysis, peer analysis, scenario modeling, PME (Public Market Equivalent) benchmarking, value concentration analysis, and deal scoring, plus automated portfolio company data collection workflows with built-in error flagging, role-based permissions, and configurable dashboards that generate LP-ready and management reports. Alongside the core platform, Cobalt offers two supplementary modules: Benchmarking Data (market intelligence and peer analysis powered by the Cobalt PME methodology) and Managed Data Services (outsourced portfolio company data collection and quality assurance). The company makes money through annual SaaS subscriptions priced via quote-based sales tailored to firm size, portfolio complexity, and selected features, with sales conducted through direct enterprise field and inside sales, a 'Request a Demo' motion on the website, and channel relationships with fund administrators (Standish, Strata, FD Fund Administration) and implementation partners (Lionpoint, Steelbridge, it|venture, Alvarez & Marsal). Its platform integrates via APIs with DealCloud (CRM) and Investran (accounting), and it serves customers across the private capital industry, including large buyout, growth equity, venture, fund of funds, healthcare-focused, and real assets firms such as Clayton Dubilier & Rice, Roark Capital, Avista Capital Partners, Lovell Minnick Partners, FTV Capital, Pamlico Capital, and many others, with offices in Boston (principal office), New York, London, and Göteborg, Sweden. The firmographic headcount of 5,001-10,000 employees reflects the broader FactSet organization rather than Cobalt's standalone team, which is a small, specialized unit anchored by a CEO, CCO, CTO, Head of Customer Success, and a handful of functional VPs.

Name

Cobalt Software

Legal name

Cobalt Software, Inc.

Website

https://cobalt.pe

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Cobalt Software is a cloud-based SaaS portfolio monitoring platform that enables private equity and venture capital firms to collect, analyze, and report on fund and portfolio company metrics, including cash flow, attribution, and PME benchmarking, sold as an annual subscription and operated as a subsidiary of FactSet.

Ownership category

akta.pro rank

Product category

Portfolio Monitoring Software (Private Capital)

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511), Other Computer Related Services (541519)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Credit Decisioning Engines (Rules, Scorecards, ML) (FSAGAHAB)

akta.pro secondary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

Keywords

• Portfolio monitoring software
• Private equity analytics
• Venture capital reporting
• Fund performance tracking
• LP reporting software

Headquarters

HQ city

Norwalk

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (Platform Access): Cobalt operates as a cloud-based SaaS platform providing portfolio monitoring software on a subscription basis to private equity and venture capital firms. Access is granted per firm/organization, with tiered plans based on firm size and portfolio complexity. The subscription model includes platform access, data services, support, and ongoing product updates.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Cobalt Software provides a cloud-based SaaS portfolio monitoring platform that enables private equity and venture capital firms to collect, analyze, and report on fund and portfolio company financial metrics. The platform combines an in-platform analytics engine (cash flow modeling, track record and attribution analysis, peer benchmarking, PME analysis, scenario modeling, value concentration analysis, deal scoring) with automated data collection workflows and configurable role-based reporting dashboards. It is complemented by Benchmarking Data (market intelligence and peer comparison) and Managed Data Services (outsourced portfolio data collection and quality assurance).

Product overview

Cobalt offers a unified portfolio monitoring platform for private equity and venture capital firms, comprising the core Portfolio Monitoring Platform with integrated analytics engine, supplemented by Benchmarking Data and Managed Data Services modules. The platform enables efficient collection, analysis, and reporting of fund and portfolio company performance information through features including in-platform analytics (cash flow calculations, track record analysis, attribution, peer analysis, scenario modeling, PME benchmarking, value concentration analysis, and deal scoring), combined with seamless data collection workflows and flexible reporting dashboards.

Differentiator

Problem solved

Functional benefit

Products and services

• Cobalt Portfolio Monitoring Platform Self-service portfolio monitoring SaaS platform for private equity and venture capital firms, combining business intelligence capabilities with intuitive user-centric design for portfolio company data collection, performance analytics, and LP/management reporting.
• Benchmarking Data Market intelligence data service providing benchmarking analysis and peer comparison capabilities for private capital investment performance evaluation, including Cobalt PME methodology.
• Managed Data Services Outsourced data management service assisting firms with portfolio company data collection, organization, and quality assurance on an ongoing basis.

Quantifiable outcome

• Replaces over-reliance on spreadsheets and disparate databases with a single, unified data architecture for all portfolio and fund data.
• +3 more outcomes

Named customers22 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered core.

• Alvarez & MarsalcoreImplementation/ SI/ Consulting PartnerCooperative partnership with leading global professional services firm A&M to optimize Cobalt's platform for shared clientele in the alternative asset management industry. Together the firms create greater internal efficiencies for GPs looking to meet increasing external and internal demands surrounding portfolio data and reporting.
• FD Fund AdministrationcoreStrategic or Co-development PartnerFD Fund Administration provides highly customizable fund administration services for complex real estate and private equity funds. The strategic relationship helps private equity firms modernize their ability to collect, analyze, and report on fund and portfolio company performance data and KPIs.
• it|venturecoreImplementation/ SI/ Consulting Partnerit|venture is a highly specialized IT advisory service to the alternative asset industry. The initiative delivers cutting-edge technology solutions and professional implementation and integration services to private capital firms globally.
• LionpointcoreStrategic or Co-development PartnerLionpoint is a global consulting firm for alternative investment managers, investors, and advisors. The partnership enables mutual private capital clients to enhance portfolio analysis capabilities by more powerfully and seamlessly integrating technology into their strategic investing processes.
• SteelbridgecoreImplementation/ SI/ Consulting PartnerSteelbridge is a boutique private capital fund advisory services firm. Through the strategic partnership, Cobalt and Steelbridge deliver holistic solutions to PE and VC firms seeking to integrate technology more strategically into their investing processes.
• StandishcoreChannel Partner/ Reseller/ DistributorStandish is a leading fund administration provider to private capital firms with more than $130 billion under administration. The partnership enables Cobalt to automate cash flow data ingestion into the Cobalt platform while also providing assistance in portfolio company data collection for Standish's clients.
• StratacoreChannel Partner/ Reseller/ DistributorStrata is a premier private capital fund administrator. Together, Cobalt and Strata deliver greater value to PE and VC clients through an integrated offering of complementary middle- and back-office services and technology. Clients leverage the Cobalt platform while minimizing administrative burdens.
• DealCloudcoreTechnology or IntegrationDealCloud is a Cobalt ecosystem partner featured at the Intapp Connect Conference. Cobalt serves as the single source of truth for portfolio company information while DealCloud manages CRM and deal flow data. FTV Capital, a mutual client, uses both platforms in an integrated best-of-breed ecosystem.
• InvestrancoreTechnology or IntegrationInvestran (a product referenced by FTV Capital) is used as the accounting and finance data system alongside Cobalt's portfolio monitoring platform and DealCloud's CRM. Cobalt clients use Investran for accounting data while Cobalt handles portfolio company information.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Backstop Solutions: Backstop Solutions provides investor relations, CRM, and portfolio monitoring software for alternative investment managers. Directly comparable to Cobalt's GP-facing portfolio monitoring and IR workflows.
• eFront (BlackRock): eFront, part of BlackRock, offers end-to-end alternative investment management software covering portfolio monitoring, reporting, and risk analytics for PE/VC and other private market participants. Closest direct competitor to Cobalt in private capital portfolio monitoring workflows.
• Dynamo Software: Dynamo Software offers a configurable platform for alternative investment firms covering CRM, deal management, investor relations, and portfolio monitoring. Competes directly with Cobalt across the PE/VC firm operating stack.
• Altvia: Altvia delivers CRM, investor relations, and portfolio reporting solutions for PE, VC, and other alternative investment firms. Competes with Cobalt in portfolio monitoring and LP/GP reporting for private capital managers.
• DealCloud: DealCloud provides CRM and deal pipeline management for private capital firms and is explicitly integrated with Cobalt as a complementary ecosystem partner. Overlaps in PE/VC firm workflows and is frequently deployed alongside Cobalt.
• Juniper Square: Juniper Square is an investor reporting and fund administration platform for private market GPs and LPs, with portfolio monitoring and LP portal capabilities. Competes with Cobalt in serving the investor relations and portfolio reporting workflows of PE/VC firms.
• MSCI Private Capital Solutions (formerly Burgiss): MSCI's private capital franchise provides performance, risk, and benchmarking analytics for private market investors. Directly competes with Cobalt's portfolio monitoring and benchmarking analytics for institutional PE/VC funds.

Emerging players

• iCapital Network: iCapital operates a fintech platform connecting advisors and LPs to private market investments, with growing portfolio monitoring and analytics capabilities. Adjacent to Cobalt through PE/VC investor reporting and workflow tooling.

Broad incumbents

• Preqin: Preqin is a leading global data and analytics provider for the alternative assets industry, offering benchmarks, performance data, and portfolio monitoring intelligence to PE/VC firms and LPs. Overlaps with Cobalt in private capital benchmarking and portfolio analytics, but operates at broader data-provider scale.
• PitchBook: PitchBook (a Morningstar company) provides comprehensive private capital market data, deal tracking, and analytics used by PE/VC professionals. Adjacent to Cobalt through private market data and benchmarking, with stronger emphasis on deal sourcing and capital markets workflow.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Cobalt_Software
• Facebookfacebook.com/CobaltSoftware
• LinkedInlinkedin.com/company/cobalt-software-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds9 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cobalt Software