Hamilton Lane, a prominent private markets investment management firm, recently announced a strategic partnership and investment in Daphne Technologies.
Daphne, a cutting-edge platform, is designed to enhance the distribution of alternative assets and streamline the fundraising process.
This partnership has seen Daphne integrate with Hamilton Lane’s proprietary platform, Cobalt. Cobalt offers data, analytics, forecasting, and due diligence services across private markets. With Daphne’s technology, alternative asset managers can now transmit fund information directly into Cobalt, simplifying the traditionally cumbersome manual processes for both asset managers and their partners.
Daphne’s technology establishes a direct digital link between asset managers and their investors and channel partners. By utilising Daphne, asset managers can digitize fund data and distribute it effortlessly across various channels such as institutional investors, investment consultants, IBDs, and RIAs. This data can be accessed through a web-based interface or an API, equipping asset managers with essential tools to streamline fund diligence and reporting, thus cutting down manual effort significantly.
Cobalt is used by numerous investors globally for private markets research, analytics, investment diligence, and portfolio construction. Cobalt houses information on over 58,600 funds, providing in-depth analysis and insights.
Amit Gairola, CEO of Daphne, stated, “We are thrilled to partner with Hamilton Lane given their proven track record of making strategic investments in high-growth technology companies in alternatives. The Cobalt partnership is transformational for Daphne and unlocks asset manager adoption of the platform.”
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