Chronograph Announces Investment from Carlyle Affiliate, AlpInvest, and Nasdaq Ventures; Strategic Relationship with AlpInvest, eVestment
May 28th, 2019
by Cameron Nicol, Senior Marketing Manager – eVestment Private Markets
May 23, 2019, New York – Chronograph, a provider of portfolio monitoring and reporting solutions for institutional private capital investors, today announced it has completed its Series A round of financing. AlpInvest Partners, a global private equity investor and affiliate of The Carlyle Group (NASDAQ: CG), led the round, and was joined by Nasdaq Ventures. The investment will help Chronograph attract key talent in product development, sales, and operations to support the company’s strong growth. AlpInvest’s investment came from The Carlyle Group’s balance sheet.
In addition, Chronograph has entered into strategic partnerships with AlpInvest and eVestment, a subsidiary of Nasdaq, which will leverage AlpInvest’s significant expertise in the primary, secondary, and co-investment businesses, and eVestment’s leadership in technology, institutional data and analytics, to further enhance Chronograph’s proprietary technology. These partnerships will build on Chronograph’s automated approach to data aggregation and advanced analytics to continue to strengthen the company’s best-in-class software solutions.
Chronograph is a financial technology and data management provider to institutional limited partners and general partners in private capital markets. The company’s platforms automate data extraction and aggregation from source documents, Excel files, and other systems to enable robust portfolio monitoring and analytics for front, middle, and back-office functions. Chronograph was founded and is led by private equity investment professionals and technologists with a keen understanding of the intersection of technology and private capital workflows.
Charlie Tafoya, Co-Founder and Chief Executive Officer of Chronograph, said, “We are thrilled to partner with AlpInvest, Nasdaq, and the eVestment teams, each of whom brings significant market expertise and perspective. We look forward to benefiting from their experience as we continue to innovate and develop technology infrastructure for the next generation of private capital markets.”
“AlpInvest has pursued and identified a variety of ways to further leverage its information advantage by using technology, and concluded Chronograph has a highly differentiated approach. Our investment and partnership with Chronograph and eVestment will allow us to play a leading role in the technological changes that are going to shape the future of private markets,” said Eric Hanno, Managing Director and Co-head of AlpInvest Partners’ Primary Fund Investments.
Katey Bogue, Head of eVestment Private Markets, said of the partnership: “The Chronograph platform offers an innovative new solution for private markets portfolio monitoring and analysis post-investment. By creating connectivity between our platforms and datasets, we can offer institutional limited partners and GPs in private capital markets a comprehensive capability on both a pre- and post-investment basis. We are thrilled to be working together with both Chronograph and AlpInvest to drive the evolution of private markets through better data and technology.”
Founded in 2016, Chronograph develops next-generation technology that provides market-leading portfolio monitoring, reporting, and diligence tools for private capital investors, including limited and general partners. To learn more, please visit: https://www.chronograph.pe.
About AlpInvest Partners
AlpInvest is a global private equity investor, with more than $45 billion of assets under management as of June 30, 2018 and more than 150 employees across offices in New York, Amsterdam, Hong Kong, San Francisco and Indianapolis. Since inception, AlpInvest has invested with over 350 managers and committed $62 billion across over 640 primary commitments to private equity funds, more than 125 secondary transactions and in excess of 230 equity co-investments. AlpInvest offers customized private equity investment solutions to investors through separately managed accounts and commingled funds. AlpInvest operates as an affiliate of The Carlyle Group (NASDAQ: CG), a global investment firm with $216 billion of assets under management as of December 31, 2018. For more information, please visit www.alpinvest.com.
eVestment, a Nasdaq company, provides institutional investment data, analytics and market intelligence covering public and private markets. Asset managers and general partners reach the institutional marketplace through our platform, while institutional investors and consultants rely on eVestment for manager due diligence, selection and monitoring. eVestment brings transparency and efficiency to the global institutional market, equipping managers, investors and consultants to make data-driven decisions, deploy their resources more productively and ultimately realize better outcomes.
Nasdaq Ventures is Nasdaq’s global venture investing program focused on cultivating talent and technology advancement within financial services — spurring innovation that ensures Nasdaq’s technology and services are at the forefront of the industry. Investments provided by Nasdaq Ventures range from $1M to $10M and seed- to Series C funding. Each investment will work with and support the company’s core business strategies and mission. For more information, visit: https://business.nasdaq.com/nasdaq-venture-investment-program.
For AlpInvest / Carlyle:
Sard Verbinnen & Co.(212) 687-8080