Private Equity Portfolio Management Software

Private equity has become a $10.5+ trillion asset class, yet most institutional investors still track their PE commitments using a patchwork of spreadsheets, PDFs, manual data entry, or at best: siloed systems.

The reasons are twofold:

Every General Partners (GP) [that Limited Partners (LPs) invest with] sends quarterly reports in their own format, on their own schedule, through their own portals or email. Aggregating this data isn’t something most generic investment management software solves.
Analysing performance, forecasting cash flows, and reporting to investment committees requires purpose-built technology.

As Private Equity (PE) allocations have grown in % for institutional portfolios, the spreadsheet approach has stopped scaling. And having a dedicated solution just for PE investments means you don’t get a total portfolio view. Costs spiral upwards with more systems and more staff to manage systems and data.

This guide examines the portfolio management platforms built specifically to solve these Limited Partner operational challenges.

What You'll Learn in This Guide

In this guide we focus on systems that Limited Partners may use, not General Partners who operate those funds.

Core questions this guide answers:

How do modern LP platforms handle data aggregation from dozens of GPs reporting in different formats?
Which platforms offer "look-through" to underlying portfolio companies, and what does that actually mean?
How do managed data services compare to self-service tools for LP operations?
What do these platforms actually cost? (Only one publishes transparent pricing)
What are realistic implementation timelines based on documented deployments?

Who should read this:

Institutional investors managing PE allocations (pensions, sovereigns, endowments, foundations, insurance companies)
Family offices with diversified PE commitments across multiple GPs
Fund-of-funds managers needing consolidated portfolio views across underlying funds
OCIOs building or upgrading LP technology infrastructure
Investment operations teams evaluating platforms or preparing vendor RFPs

The Core LP Software Problem

Limited Partners managing PE/VC portfolios face challenges that most general-purpose software doesn't address:

Data aggregation: Each GP uses their own reporting template, timeline, and level of detail. Consolidating quarterly reports from 50+ funds into a unified portfolio view requires either significant manual effort or automated extraction technology.
Look-through visibility: Investment committees increasingly want to see beyond fund-level NAVs to understand actual exposure; which sectors, geographies, and company stages are you really invested in across all your fund commitments?
Cash flow forecasting: LPs don't control when GPs call capital or make distributions. Modeling future cash flows across an entire PE portfolio requires tracking unfunded commitments, historical pacing patterns, and projected fund lifecycles.
Performance benchmarking: Comparing PE returns to public market equivalents (PME analysis) or peer benchmarks requires clean, standardised data with accurate cash flow timing; which not all GP reports provide.

These challenges intensify as allocations grow. The platforms in this guide exist specifically to address these LP operational requirements.

Aggregate GP data
- LPs use Limina's user-configurable data import tool to build integrations with GP reports in a few minutes.
- When a GP changes their quarterly report format or you commit to a new fund, your operations team updates the data mapping immediately. This eliminates vendor dependency where every new GP means calling support and waiting.
See portfolio state at any point in time: LPs query their portfolio as it existed on any historical date, as it is right now, or as it will be with pending transactions instantly.
Manage PE alongside other asset classes: LPs managing diversified portfolios use Limina to track PE and VC commitments alongside public equities, fixed income, hedge funds, and derivatives in one system.
Reduce daily operational burden: LPs implement exception-based workflows where the system performs data quality checks, compliance monitoring, and portfolio reconciliation automatically, alerting only when issues require attention.
Look-through enables clarity: see all your exposure, down to the company level. This is increasingly important as concentration into the largest private companies is growing rapidly, and multiple of your GPs might be heavily invested in the same companies.

Know exactly what you'll pay

Limina is the only LP platform with transparent public pricing: $39,000-$379,200/year, usage-based not AUM-based.

Implementation

3 weeks to 4 months depending on portfolio complexity.

iLEVEL (S&P Global)

Portfolio monitoring platform for LPs who want vendor-managed data aggregation.

How LPs use iLEVEL to manage their PE portfolios

Offload GP data collection: LPs use iLEVEL's Managed Data Services. A team of hundreds of professionals who collect and process data from GPs on your behalf.
Monitor complete private markets portfolio: LPs track their entire private markets allocation: fund investments, co-investments, and direct investments in one platform. View performance and group funds according to your own investment hierarchy.
Drill down to portfolio company holdings: LPs see underlying fund portfolio company holdings and identify holdings overlap across their portfolio. Answer questions in seconds about exposure by region, country, sector, or currency.
Build custom analyses: LPs use the Excel Add-In to build custom reports and ad hoc analyses. Connect iLEVEL to upstream (CRM) and downstream (books of record, custodians) systems via APIs.

Pricing: Custom enterprise (based on portfolio size and service requirements).

Cobalt LP

Portfolio analytics and due diligence platform for LPs who prioritise GP research and fund selection.

How LPs use Cobalt LP to manage their PE portfolios

Benchmark against transparent data: LPs compare fund performance using transparent fund-level and deal-level benchmarks across private equity, venture capital, growth equity, real estate, infrastructure, real assets, private credit, and secondaries.
Forecast capital calls and distributions: LPs use the Horizon Model to project future cash flows across their PE portfolio, modeling capital call pacing and distribution timing to ensure adequate liquidity.
Build custom portfolio analyses: LPs group and filter their portfolio to build custom analysis, benchmark against public and private markets, and uncover value drivers.
Access research and education: LPs tap into Hamilton Lane's digital resource library featuring private markets research, valuation estimates, training videos, and educational resources.

Integration: API and Excel plugin for connecting to existing systems.

Nasdaq Solovis

Multi-asset class platform for LPs managing PE within diversified institutional portfolios.

How LPs use Solovis to manage their PE portfolios

Outsource data operations: LPs use Analyst Services to offload time-intensive work of collecting and aggregating portfolio data from managers, brokers, custodians, and market data vendors.
Model future portfolio decisions: LPs use Solovis Predict to evaluate future state investment decisions.
Assess portfolio risk: LPs run bottom-up multi-factor risk exposures, historical scenario analysis, and market stress testing across their PE exposure and total portfolio.
Report to stakeholders efficiently: LPs use report writing tools to meet the needs of the investment committees, trustees, external stakeholders.

Implementation: 3-6 months typical

Pricing: Annual SaaS (custom)

Chronograph LP

Portfolio monitoring for LPs dealing with inconsistent GP reporting formats.

How LPs use Chronograph LP to manage their PE portfolios

Extract data from any GP format: LPs use template-free data extraction to ingest quarterly reports from GPs; whether PDF, Excel, or database.
Access complete portfolio company data: LPs access all underlying fund and portfolio company data, cash flows, capital account balances, partnership financials, fund terms, valuation metrics, leverage measures, and every other data point about their portfolio.
Build custom reports: LPs use the xConnect Excel plug-in to extract data and build bespoke analyses.
Query with AI: LPs use Chrono AI to synthesise and summarise large data sets on demand, gaining key insights on fund and company performance, market updates, transaction activities, investment outlooks, management team news, and ESG reporting.
Integrate with data warehouse: LPs use Snowbank (Snowflake Connectivity-as-a-Service) to port all Chronograph data into Snowflake data cloud with turnkey implementation via Secure Data Share.

Pricing: Custom.

LP Analyst

Analytics platform for LPs requiring comprehensive due diligence and monitoring capabilities.

How LPs use LP Analyst to manage their PE portfolios

Monitor portfolio performance: LPs track commitments, cash flows, valuations, and performance across their investments.
Conduct GP due diligence: LPs analyse prospective fund investments using investment and operational due diligence tools.
Validate fees and expenses: LPs review management fees, fund expenses, and carry calculations to ensure accuracy.
Value secondary positions: LPs use valuation support for secondary transaction analysis.

Pricing: Custom.

Platforms Serving Both LPs and GPs

Dynamo Software

AI-powered cloud platform serving both limited partners and general partners.

How LPs use Dynamo to manage their PE portfolios

Monitor multi-asset portfolios: LPs track and analyse portfolio performance across private equity, venture capital, real estate, infrastructure, hedge funds, and traditional assets.
Manage deal flow and contacts: LPs use CRM & Deal Management to consolidate deal and contact information, optimise deal flow processes, and track investments from initial sourcing through commitment.
Conduct portfolio analysis: LPs perform portfolio monitoring and valuation across their alternative investment allocations with integrated analytics.
Automate data processes: LPs use Dynamo Data Automation to streamline data collection and integration from multiple sources.

Also offers: GP products for CRM & deal management, investor relations, fundraising & marketing, fund accounting, and fund administration services. https://www.dynamosoftware.com/

Pricing: Custom enterprise.

eFront (BlackRock)

Alternative investment management platform for limited partners managing portfolios with growing allocations to private markets.

How LPs use eFront to manage their PE portfolios

Monitor alternative investments: LPs use eFront Portfolio Monitoring to streamline and automate portfolio monitoring activities from data collection and standardisation through advanced analysis and investor reporting.
Manage deal flow: LPs use eFront Office to optimise deal flow processes all from one centralised location.
Collect ESG data: LPs analyse ESG information throughout the life of their investments with streamlined ESG data collection.
Integrate public and private assets: LPs use eFront technology integrated with BlackRock's Aladdin platform to gain consolidated view of risk across public and private assets, portfolio optimisation, and integrated alternatives management tools.

Also offers: GP products for fund administration, accounting, and operations.

Pricing: Custom enterprise.

GP-Only Platforms (For Reference)

Allvue Systems: GP fund administration.
Carta: GP fund administration (VC-focused).
Chronograph GP: Portfolio company data collection.
Vestberry: VC/PE fund manager portfolio intelligence.
4Degrees: Relationship intelligence CRM.

Implementation Considerations

Data migration:

Historical commitments, fund documents, GP contacts, performance records.

Integrations:

CRM (upstream), accounting/data warehouses (downstream), Excel.

Change management:

Executive sponsorship, operations training, front office engagement.

Total cost:

Licenses, managed services, implementation, training, integrations, support.

Conclusion

Limited Partners managing PE portfolios face a choice:

continue with spreadsheets and manual processes,
adopt purpose-built narrow software, or
choose a broader platform that handle all asset classes natively, such as Limina

Key differentiators across platforms:

Data ingestion (cost-effective self serve vs managed services): Limina provides user-configurable integration for operational independence. iLEVEL offers vendor-managed data collection.
Pricing transparency: Limina publishes pricing ($39K-$379K/year, usage-based). All others require custom quotes.
Functionality: look-through, historical analysis capabilities, automation and cash management.

Private Equity Portfolio Management Software: A Guide for Limited Partners