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

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SAN FRANCISCO & MORRISVILLE, N.C.--(BUSINESS WIRE)--Oct 29, 2024--

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 “Since 2018, we’ve helped GPs and CFOs move away from outdated and disconnected tools to a unified software suite that makes GPs better investors.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."

To learn more, visit the blog: carta.com/blog/carta-acquires-tactyc

About Carta

Carta connects founders, investors, and limited partners through world-class software purpose-built for everyone in venture capital and private equity. Carta’s world-class fund administration platform supports nearly 7,000 funds and SPVs, and represents nearly $130B in assets under management. Trusted by more than 40,000 companies, Carta helps private businesses in over 160 countries manage their cap tables, valuations, taxes, equity programs, compensation, and more. Today, Carta is setting a new standard as the end-to-end platform connecting private capital. Our fund management platform seamlessly integrates a suite of tools and insights purpose-built to support the strategic impact of fund CFO’s. Carta has been included on the Fortune Best Large Workplaces in Financial Services and Insurance list, Forbes’ list of the World's Best Cloud Companies, Fast Company's Most Innovative list, and Inc.'s Fastest-Growing Private Companies list. For more information, visit carta.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241029810443/en/

CONTACT: Media Contact

Amanda Taggart

Carta Communications

[email protected]

KEYWORD: CALIFORNIA NORTH CAROLINA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE

SOURCE: Carta

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PUB: 10/29/2024 06:00 AM/DISC: 10/29/2024 06:01 AM

http://www.businesswire.com/news/home/20241029810443/en