Cobalt GP approaches data differently.

We believe data for the sake of data is meaningless. Truly powerful data is relevant, contextual, and – importantly – transparent.

How we do data differently

We exclusively source Bison’s transparent performance data from public sources – it’s that simple. No manager reported data.

Bison’s transparent performance data is always presented with its source

We are the only market provider of Hamilton Lane Data, used for industry benchmarks and market analysis

We leverage technology for timely updates and quality checks of data-sets and data-streams

We work with leading providers for public market and FX data and manage all back-end integration internally

Contact Us To Learn More

The Data in Cobalt?

Fund and Manager Data

Cobalt’s manager data also comes directly from LPs – and that’s a big deal

  • Tracks fundraising and performance of private equity for over four decades
  • Segment across 100s of filters and custom ranges and lists
  • Managed by Bison’s dedicated Research Team
  • Users can drill down to the source of the data points, by LP
  • Includes Bison PME alpha indicator where available
  • Fundraising history cross-checked with Hamilton Lane’s global Research and Investment Teams

Investor Data

Since Cobalt exclusively sources data from investors, users get access to the LP perspective on the market.

  • Track over four decades of private equity commitments made by institutional investors, representing over $700B of current NAV
  • Normalized and audited by proprietary processes
  • Segment across 100s of pre-defined filters and custom ranges and lists
  • Leverage augmentation technology for deeper insight on portfolio performance

Forward Calendar

Our list of projected and currently fundraising firms, curated through Hamilton Lane and Bison, is the most comprehensive in the market

  • Curated by Hamilton Lane and Bison’s Research Teams
  • Powered by Bison’s prediction algorithm and updated by Hamilton Lane intelligence
  • Offers up to three years visibility into fundraising market

F(X) Conversions

Bison has partnered with MSCI to bring you a comprehensive tool for daily currency conversions

  • Currency conversions for over 65 currencies
  • Unprecedented ability to convert benchmark indices on the fly
  • Backend integration for daily updates

Public market index returns

Bison also partners with Russell Investments and MSCI to bring you leading public markets data

  • Public Market Equivalent (PME) analysis across seven leading methodologies, including Bison PME
  • Supports weighted index blending across portfolios and assets
  • Allows for custom index uploads across team
  • Full back-testing enabled through transparent exports with index values, formulas, and cash flows

Bison’s Benchmarks

All benchmarks are maintained by Bison’s Research Team.  They are reconstituted every quarter.  At this time, the underlying funds are audited for inconsistencies and coverage levels adjusted. The indices are published with approximately a 6-month lag.

Bison US Buyout Benchmark

  • This is our broadest market benchmark, which tracks $1.44T of buyouts funds raised in the US.  
  • Able to run analysis for large-cap, mid-cap, and small-cap funds
  • A separate capital-weighted index is published and supports pooled returns, PME, and TWRR analysis.

Bison’s US Venture Capital Benchmark

  • This is our most popular benchmark that provides insights on the high growth segment of the US market.  
  • The benchmark covers $340B of venture capital and growth equity funds all raised in the US.  
  • A separate capital-weighted index is published and supports pooled returns, PME, and TWRR analysis.
  • Able to run analysis for Venture and Growth

Bison’s Natural Resources Benchmark

  • Keep track of the global energy markets with Bison’s energy-focused benchmark
  • The benchmark covers $250B of venture capital and growth equity funds.  
  • A separate capital-weighted index is published and supports pooled returns, PME, and TWRR analysis.

Bison’s Asia Buyout Benchmark

  • Bison’s Asia benchmark provides insights on performance trends in China and India.
  • The benchmark covers $100+B of buyout funds.
  • A separate capital-weighted index is published and supports pooled returns, PME, and TWRR analysis.

Bison’s European Buyout

  • When considered together, Western Europe is the world’s second largest economy. Bison’s European benchmark provides insights on private equity performance in the region.
  • The benchmark covers $500+B of buyout funds.
  • A separate capital-weighted index is published and supports pooled returns, PME, and TWRR analysis.

Hamilton Lane’s Benchmarks

What does the addition of Hamilton Lane Data provide?
Hamilton Lane is a global investment management firm that has been dedicated to the private markets for 25 years.  Through its administration and reporting business, Hamilton Lane tracks the global private markets portfolios across hundreds of investors.

Quality – Not collected through surveys. Hamilton Lane back office operations maintain comprehensive controls and store data in an independently audited control environment

Timely – Data updated as soon as it is available from GPs.  Benchmarks available with about a 4-month lag from quarter-end date, dependent on availability of financials.  Cash flows available without a quarterly lag.

Scale – Enabled by the direct collection of daily cash notices and financials for over $3.3 trillion in fund commitments across nearly four decades, representing nearly 50% of all private markets capital ever raised

Representative – Data scaled by known sample coverage across private market styles and geographies.  Market Analysis statistics such as cash flow totals and time-weighted returns represent an industry-level view of activity for $6.6 trillion in capital

* As of 12/31/2016