Carta, a San Francisco, CA-based provider of a software platform purpose-built for private capital, acquired Tactyc, a provider of software bringing forecasting and planning to private funds.
The amount of the deal was not disclosed.
Led by Anubhav Srivastava, Founder and CEO, Tactyc was a provider of a platform for portfolio modeling, management and reporting. With the acquisition, 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 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.
Led by Henry Ward, Chief Executive Officer, Carta connects founders, investors, and limited partners through software purpose-built for everyone in venture capital and private equity. Its fund administration platform supports nearly 7,000 funds and SPVs, and represents nearly $130B in assets under management. Used by more than 40,000 companies, the company helps private businesses in over 160 countries manage their cap tables, valuations, taxes, equity programs, compensation, and more.
FinSMEs
29/10/2024