Ten Coves Capital Selects Cobalt for Portfolio Monitoring

New Client Announcement

Cobalt, a FactSet Company and leading portfolio monitoring solutions provider for the private capital industry, announced today that Ten Coves Capital, a FinTech-focused growth equity firm with offices in New York City and Darien, Connecticut, has selected Cobalt to support its portfolio analytics and reporting workflows.  

“As we were evaluating various platforms, Cobalt stood out with its leading data visualization capabilities, user interface, and overall platform flexibility,” said Steven Lula, Principal at Ten Coves Capital, “We’re excited to partner with Cobalt to power our portfolio company and fund level reporting efforts, both internally and with our investors, in an efficient, consolidated, and consistent manner.”  

FactSet’s Cobalt Portfolio Monitoring platform is the industry’s first self-service portfolio monitoring solution that combines the sophistication of a business intelligence tool with the approachability of consumer technology software. The platform redefines the portfolio monitoring technology category to meet the widespread demand for sophisticated but intuitive data analysis, performance reporting, and data collection tools in the private capital sector.  

“Cobalt is empowering private capital managers of various asset classes and sizes by organizing their data so it can be used more effectively for investment analysis, operational reporting, and marketing,” said Hank Boggio, Chief Commercial Officer at Cobalt, a FactSet Company, “We are very excited to have Ten Coves as part of the Cobalt client community.”  

About Ten Coves Capital 

Ten Coves Capital backs high growth B2B software companies across the FinTech ecosystem where its capital, network, and decades of experience can help accelerate growth and value creation. Investing across payments, banking & lending, asset management, capital markets, and insurance & benefits (among other segments), the Ten Coves team has helped scale 40+ companies that are solving industry pain points, enabling workflows, and providing critical infrastructure to the largest financial institutions down to SMBs. For more information, visit tencoves.com.  

About Cobalt

Cobalt, a FactSet Company, is private capital’s premiere portfolio monitoring solution. We are the industry’s key to collecting, analyzing, and reporting on fund and portfolio company financial metrics. Private equity and venture capital General Partners use Cobalt’s intuitive technology platform to gain critical operational efficiencies, address increasingly complex LP and management demands, and, ultimately, competitively position their firm. Based on clients’ firm size and investment style, Cobalt tailors its suite of solutions to suit their needs. We also place a premium on client service, so our team is available to our clients to identify smart solutions the way they need them. To learn more about Cobalt, visit https://www.cobalt.pe.