Carta Acquires Tactyc, Giving Private Funds Data-Driven Insights to Strategize and Allocate Investments in Real Time

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Transformative deal extends Carta’s private capital platform with powerful analytics for Fund CFOs and GPs

SAN FRANCISCO & MORRISVILLE, N.C., October 29, 2024–(BUSINESS WIRE)–Carta, the software platform purpose-built for private capital, today announced the company has acquired Tactyc, the first software to bring forecasting and planning to private funds. The acquisition will give fund CFOs and GPs a strategic edge by providing real-time insights and data-driven analysis that are crucial for effective capital deployment and delivering returns for investors.

“Carta connects everyone in private capital — from investors to portfolio companies — with financial intelligence and reporting software,” said Henry Ward, Chief Executive Officer, Carta. “Since 2018, we’ve helped GPs and CFOs move away from outdated and disconnected tools to a unified software suite that makes GPs better investors. This mission continues today as we welcome Tactyc to the Carta family.”

Private capital funds often use static spreadsheets for investment planning but struggle to analyze and model investments post-deployment, making timely insights and robust forecasting tools essential for optimizing performance and enhancing investor returns. The acquisition of Tactyc by Carta changes that. A strategic asset for fund CFOs, Tactyc by Carta will provide data for Carta Fund Administration customers who need to deploy capital effectively and maximize LP returns, offering:

• Fund construction: Build a forward-looking model using real-world data to instill confidence in LPs about a fund’s strategy, while enabling fund managers to customize check sizes and reserve strategies to optimize returns.

• Forecasting and planning: Plan reserve deployment and exit scenarios with a live forecast of an active portfolio, modeling reserves by deal to assess dilution and returns. Evaluate fund performance under various scenarios for timely adjustments to changing macroeconomic conditions, funding environments, and industry shifts.

• Portfolio management: Organize and monitor portfolio company KPIs and deal documents, while analyzing fund performance using more than 70 metrics across various dimensions, and identify trends through interactive visualizations and custom reports for LPs.

“The driving force behind this merger is to empower fund CFOs with data-driven insights that can significantly impact a fund’s trajectory,” said Anubhav Srivastava, Founder and Chief Executive Officer, Tactyc. “By offering a comprehensive solution that integrates advanced portfolio construction and management, we’re equipping fund managers and CFOs with superpowers in the form of real-time, data-driven insights into both current and projected performance.”

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