Cobalt (FactSet)
Fund performance, pacing, and benchmarking analytics from FactSet
4.1Enterprise / CustomBest for GPs who want performance benchmarking and pacing alongside monitoring
Benchmarking Fund Analytics Pacing
Overview
Cobalt, acquired by FactSet in 2021, provides portfolio monitoring and fund analytics for private capital GPs and LPs — company-level KPI tracking, fund metrics, pacing and forecasting models, and benchmarking against private markets datasets. Its LP heritage (built alongside Hamilton Lane data) makes it especially strong for performance analysis and fundraise-ready track record work.
Key features
- Portfolio company KPI tracking and fund roll-ups
- TVPI, DPI, IRR, and PME analytics out of the box
- Pacing, forecasting, and scenario models
- Benchmarking against private markets fund data
- Track-record analytics for fundraising
Pros
- Benchmarking and pacing analytics stronger than most GP-side tools
- FactSet ownership brings data depth and enterprise stability
- Serves both GP monitoring and LP portfolio management use cases
Cons
- Less venture-native than founder-connected collection platforms
- Enterprise sales process and opaque pricing