Alts Data Provider Rolls Out AI Tool to Analyze Fund Info
Cepres has launched an artificial intelligence tool that allows institutional investors to more easily pull alts product data to help them make investment decisions.
The alternatives investment data and analytics provider – whose platform is used by more than 6,000 limited and general partners – rolled out its AI insights tool in May, a chat-like offering in which users can query and access private market fund data in minutes instead of toggling between multiple analytics charts. Such manual tasks could take days or weeks for an analyst to sort through, Cepres President Christopher Godfrey told FundFire.
Limited partners using Cepres can access private equity, private credit, real estate, infrastructure and venture capital data across 16,500 illiquid funds and 140,000 unique deals provided directly by its network of over 3,000 general partners.
The platform provides access to anonymized market data and also allows GPs to share information privately with LPs, Godfrey said.
Still, private markets have long been characterized by a lack of transparency, as reported. The data available on Cepres’ platform may depend on what the alts managers are willing to share, Jim Lewis, head of technology at STP Investments, told FundFire. And an alts manager may not want to be among several real estate or quant strategies that are anonymous on the platform because in such a small group, “at some point the volumes are all going to become attributable to me,” Lewis said.
“You’re always going to work with a limited set of information, which isn’t necessarily right or wrong,” he said. “There’s definitely value in this, but it’s pointed.”
Read what Jim Lewis and other subject matter experts had to say in FundFire here.
