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Lantern aiming to put PE data in a new light

Lantern, a private equity data platform and technology provider, has launched a suite of fund and portfolio monitoring products aimed at improving performance at private equity firms and their portfolio companies.

Lantern, a private equity data platform and technology provider, has launched a suite of fund and portfolio monitoring products aimed at improving performance at private equity firms and their portfolio companies.

Lantern combines private equity knowledge and experience with data scientists and engineers to provide data analytics and visualisation technology. The company is led by industry veteran Edward Moore, the Founder, Chairman and former CEO of global fund administrator Aztec Group, which has supported the seed funding for the firm’s launch.
 
Lantern says it has identified a “data analytics gap” in the market and a need from private equity firms to benefit from “data-driven insights and help managers unlock the full potential of their funds and portfolio companies”.
  
Lantern connects fully audited, real-time and granular datasets to provide clients with performance dashboards to showcase and benchmark critical KPIs including NAV, IRR, DPI, RVPI and TVPI, as well as investment transactions and operational metrics such as fund fees and cash-on-cash returns. 

Lantern portfolio monitoring also automates data collection and validation for GPs, enabling firm-wide access to actionable insights and enhanced decision-making.
  
The platform, which has been in development for the last two years and started life as a project within parent company Aztec Group’s Innovation Team, has been built in close collaboration with private equity firms, with over 10 leading GPs involved in beta-testing, including growth investor, Highland Europe.
 
Lantern is currently working on a suite of other products that are currently in beta, including investor dashboards and proprietary benchmarks.

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