The Firm’s Analytics Platform, Cobalt LP, Recognized for Technology Impact in the Private Markets
Leading private markets investment management firm Hamilton Lane was recently named to the Drexel LeBow Analytics 50 list in recognition of Cobalt LP, its analytics platform that enables limited partners to make data-driven decisions leveraging Hamilton Lane’s proprietary data and analytics.
Cobalt LP is used by LPs of all sizes – either as a distinct product or as part of their existing relationship with the firm – enabling them to more easily analyze their portfolio and market data using the same tools and analytics as Hamilton Lane teams. The platform also drives efficiencies internally, with Hamilton Lane teams running 325,000+ analytics projects for more than 700 Hamilton Lane clients and investors to date.
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Griff Norville, Managing Director and Head of Cobalt, said: “We are thrilled to be recognized on the Drexel LeBow Analytics 50. While private markets have experienced tremendous growth over the past decade, the tools and technology available to investors have not kept pace. Cobalt LP offers a single platform that can help teams diligence smarter, tactically build portfolios and help drive investment returns. Our solution combines multiple leading sources of information, plus proprietary Hamilton Lane analytics, to give investors flexibility well beyond the constraints of simple benchmarks and spreadsheets.”
In 2016, Hamilton Lane partnered with a Boston-based technology company to create Cobalt LP, investing balance sheet capital into the partnership and building an internal team to help manage the business. Last year, Hamilton Lane’s wholly acquired the Cobalt LP business, which is comprised of nearly 20 employees today and has ongoing plans for growth.
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Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane, commented: “As a global leader in the private markets, Hamilton Lane is committed to using data, not anecdote, to help clients build portfolios. Our desire to increase transparency and deliver analysis efficiently compelled us to want to build Cobalt LP, a unique business intelligence platform for private markets investors.”
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