Cobalt, a FactSet Company and leading portfolio monitoring solutions provider for the private capital industry, announced today that Maguar Capital, a private equity firm based in Munich, Germany, has selected Cobalt to streamline data collection workflows and automate reporting.
“Cobalt’s automated data collection and review process will allow us to have greater control and auditability over our portfolio company data,” said Valentin Lenz, Senior Fund Controller at Maguar. “Additionally, the platform’s powerful dashboard capabilities, which help us automate recurring reports, were another key factor in our decision to select Cobalt.”
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 analysis, performance, reporting, and data collection tools in the private capital sector.
“This is our first portfolio monitoring client win in Germany and proves that Cobalt continues to expand its reach and support private equity firms in the European market,” said Jason Weinstein, Senior Director of Portfolio Monitoring at FactSet. “Our team is excited to work with Maguar to help their team create efficiencies around data collection and reporting.”
About Maguar Capital
Headquartered in Munich, Germany, Maguar Capital was founded in 2019 by Matthias Ick, Gunther Thies and Arno Poschik. Maguar focuses on investments in small and medium-sized B2B software companies in the DACH region. The Maguar Founders have strong entrepreneurial and extensive management experience in the technology industry, with more than 35 years of experience as software CEOs and more than 20 years of experience in the private equity industry.
About FactSet
FactSet helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology globally. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor.
