What FEV Analytics does

FEV Analytics is a privately-held data science company founded in 2013 in Kirkland, Washington, that provides daily mark-to-market valuation intelligence for private assets across private equity, private credit, real estate, and infrastructure. The company serves institutional investors — categorized as asset owners (pension plans, endowments, foundations), asset managers (PE, PC, RE, Infra managers), and service providers — and frames its offering as a solution to the 'absence of observable price' problem in private markets, which it argues costs beneficiaries billions annually in transparency and reporting lag.

The core product surface consists of Alts-Align, a valuation platform delivering daily, weekly, monthly, and quarterly NAV with holdings-level granularity, and OPX, a modular, extensible extension configured to client operating environments. Both run on what FEV describes as AI-native data pipelines with multi-nodal data extraction, deterministic models and validation libraries built over 10+ years through the pandemic drawdown, inflation, tariffs, and AI emergence, plus agentic analytics that systematically incorporate valuation-sensitive signals from daily news into holdings-level models. The platform claims to process hundreds of thousands of private assets daily with hundreds of computations and validations, anchored to immutable auditable data, and is supported by SOC 1 and SOC 2 Type II certifications. Named reference relationships surfaced through case studies include UC Investments and JPMorgan.

The commercial model is enterprise subscription-based, with no public pricing, sold through a consultative direct sales motion and supported by conference presence (e.g., Private Assets Summit 2026), thought leadership content, and co-branded case studies. The company is led by co-founders Swain Porter (CEO) and Sheridan Porter, operates with 1–10 employees, has no disclosed institutional funding or revenue figures, and positions itself as a category-defining 'measurement revolution' for private markets rather than a general-purpose analytics vendor.

Name

FEV Analytics

Legal name

FEV Analytics Corp.

Website

https://fevanalytics.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

FEV Analytics is a private data science company that provides AI-native, daily mark-to-market valuation intelligence for private assets (PE, PC, RE, Infra) to institutional investors including asset owners, asset managers, and service providers.

Ownership category

akta.pro rank

Product category

Private Asset Valuation Software

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Valuation Control & Independent Price Verification (IPV) (FSACAJAI)

akta.pro secondary industries

Fund Accounting & NAV Calculation (FSAAAMAB), Fund Accounting & NAV Services (Asset Servicing) (FSAAAOAF), Fund Services & NAV Support (Fund Accounting Interfaces) (FSAFALAJ)

Keywords

• Private asset valuation
• Daily mark-to-market
• Alternative investment analytics
• Holdings-level modeling
• Valuation intelligence platform

Headquarters

HQ city

Kirkland

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Valuation and Analytics Platform: FEV provides valuation intelligence platform for private assets with daily mark-to-market capabilities. Solutions are offered for asset owners, asset managers, and service providers, suggesting enterprise software/subscription-based revenue model.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

FEV Analytics provides a valuation intelligence platform for private assets (private equity, private credit, real estate, and infrastructure) that delivers daily mark-to-market NAV valuations using AI-native data pipelines and deterministic models applied at the holdings level. The platform comprises two interconnected offerings: Alts-Align, the core valuation platform providing daily, weekly, monthly, and quarterly valuations, and OPX, a modular and extensible layer configured to clients' operating environments and data flows.

Product overview

FEV Analytics offers a unified valuation intelligence platform for private assets comprising two interconnected products: Alts-Align serves as the core valuation platform providing daily mark-to-market NAV with holdings-level modeling and multiple valuation frequencies (daily, weekly, monthly, quarterly), while OPX functions as a modular extension configured to clients' operating environments and data flows. Both products leverage AI-native data pipelines to process hundreds of thousands of private assets daily, delivering deterministic, auditable valuations across private equity, private credit, real estate, and infrastructure asset classes.

Differentiator

Problem solved

Functional benefit

Brands

• OPX: Modular and extensible platform for asset owners, managers, and service providers, minimizing the need for custom work.
• Alts-Align

Products and services

• Alts-Align Core valuation platform providing daily mark-to-market NAV for private assets with holdings-level modeling. Supports quarterly, monthly, weekly, and daily valuation frequencies, including contemporaneous portfolio valuation, responsive portfolio analytics, true-up, daily forward pricing, and exit valuation capabilities across PE, private credit, real estate, and infrastructure.
• OPX Modular and extensible portfolio management solution configured to operating environments and data flows, designed for asset owners, asset managers, and service providers in the private markets.
• FEV Valuation Intelligence Platform Private asset valuation and data analytics platform delivering daily mark-to-market NAV for PE, private credit, real estate, and infrastructure assets. AI-native data pipelines process holdings-level data through multi-nodal extraction to produce accurate, testable, and auditable valuations at scale across hundreds of thousands of private assets daily.

Quantifiable outcome

• No loss of diversification effect for daily mark-to-market private assets across PE, PC, RE, Infra
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• PitchBook: PitchBook delivers private-market data, research, and analytics across PE, VC, and credit. It overlaps with FEV on alt-asset data infrastructure but focuses more on deal-level than holdings-level valuation.
• Canoe Intelligence: Canoe automates alternatives document and data workflows for institutional investors, including alts reporting. It addresses the same data-chaos problem FEV targets and serves a similar institutional buyer.
• Addepar: Addepar is a portfolio-management and analytics platform widely used by wealth managers, family offices, and institutional allocators holding alternatives. Its alternative-asset reporting overlaps with FEV's portfolio-valuation use cases.

Broad incumbents

• Bloomberg Terminal / Bloomberg Data Services: Bloomberg offers alternative-asset data and analytics through the Terminal and Data Services. It bundles valuation-adjacent content into an enterprise stack that competes for the same institutional buyer budget as FEV.
• MSCI Private Capital (formerly Burgiss): MSCI Private Capital provides performance, risk, and analytics for private-asset portfolios to large institutional clients. It is a broader incumbent with deeper distribution but historically less granular, daily-mark valuation.
• FactSet: FactSet provides portfolio analytics, benchmarking, and alternative-data feeds to institutional investors. Its private-markets analytics are an indirect substitute for parts of FEV's valuation platform.
• S&P Global Market Intelligence: S&P Global Market Intelligence provides datasets, analytics, and benchmarks across asset classes including private markets. It is a broad incumbent competitor for institutional data and analytics budgets.

Direct peers

• Preqin: Preqin is the dominant data and analytics provider for private markets, covering performance, fund-level data, and benchmarks across PE, PC, RE, and infra. FEV competes at the holdings-level valuation layer that Preqin's fund-level dataset lacks.
• iCapital Network: iCapital is a private-markets platform serving advisors, asset managers, and institutional investors with subscription, analytics, and reporting tools. Its alts-in-wealth channel overlaps with FEV's alts-in-401(k) push.
• Hamilton Lane: Hamilton Lane operates a private-markets investment platform with data, analytics, and valuation infrastructure for institutional LPs and GPs. It targets the same asset-owner and asset-manager buyers as FEV with overlapping valuation science.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fevanalytics

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 FEV Analytics