Chronograph: This Company Provides Portfolio Managing Solutions To Private Capital Investors

By Noah Long ● June 6, 2019
  • Chronograph, a New York-based provider of portfolio monitoring and reporting solutions for institutional private capital investors, announced a Series A funding round
  • This round of funding was led by AlpInvest Partners and Nasdaq Ventures also joined

Chronograph is a New York-based provider of portfolio monitoring and reporting solutions for institutional private capital investors. Recently the company announced it completed a Series A round of funding. AlpInvest Partners, a private equity investor and an affiliate of The Carlyle Group, led the funding round. Nasdaq Ventures also joined the round.

With this round of funding, Chronograph is going to attract key talent in product development, sales, and operations for supporting the company’s strong growth. AlpInvest’s investment was from The Carlyle Group’s balance sheet.

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“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,” said Chronograph co-founder and CEO Charlie Tafoya.

Chronograph’s financial technology and data management platform has become essential to institutional limited partners and general partners in private capital markets. By using Chronograph, they are able to automate data extraction and aggregation from source documents, Excel files, and other systems to enable portfolio monitoring and analytics for the front, middle, and back-office functions.

Chronograph also entered into strategic partnerships with AlpInvest and eVestment — which is a subsidiary of Nasdaq. As part of the deal, Chronograph is going to leverage AlpInvest’s expertise in the primary, secondary, and co-investment businesses along with eVestment’s leadership in institutional data and analytics to further its own technology platform.

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These partnerships are going to build on Chronograph’s automated approach to data aggregation and advanced analytics to continue to strengthen the company’s software solutions.

“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,” explained Katey Bogue, the Head of eVestment’s Private Markets.

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Chronograph was founded by and is led by private equity investment professionals and technologists who have a keen understanding of the intersection of tech and private capital workflows including Tafoya and president Michael Bridge.

“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,” added Eric Hanno, CFA — who is the Managing Director and Co-head of AlpInvest Partners’ Primary Fund Investments.