73 Strings Secures $55m Series B Led by Growth Equity at Goldman Sachs Alternatives
73 Strings has secured a $55 million Series B funding round led by Growth Equity at Goldman Sachs Alternatives, with participation from Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE), and Broadhaven Ventures. The company, which provides AI-powered data extraction, monitoring, and valuation solutions for the $17.6 Trillion AUM Alternative Asset Management space, will use the funds to accelerate product development and innovation.
The platform serves clients managing nearly $10 trillion in assets, enabling faster and more frequent valuations with enhanced transparency. The company plans to expand its capabilities through: building smarter systems with LLMs, implementing benchmarking & predictive analytics, introducing portfolio simulation features, and launching advanced dashboards specifically designed for private capital data.
73 Strings ha ottenuto un finanziamento di 55 milioni di dollari nella Serie B guidato da Growth Equity di Goldman Sachs Alternatives, con la partecipazione di Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE) e Broadhaven Ventures. L'azienda, che fornisce soluzioni di estrazione, monitoraggio e valutazione dei dati alimentate dall'IA per il settore della gestione degli asset alternativi con un AUM di 17,6 trilioni di dollari, utilizzerà i fondi per accelerare lo sviluppo e l'innovazione dei prodotti.
La piattaforma serve clienti che gestiscono quasi 10 trilioni di dollari in asset, consentendo valutazioni più rapide e frequenti con una maggiore trasparenza. L'azienda prevede di espandere le proprie capacità attraverso: la costruzione di sistemi più intelligenti con LLM, l'implementazione di benchmarking e analisi predittive, l'introduzione di funzionalità di simulazione del portafoglio e il lancio di dashboard avanzate specificamente progettate per i dati del capitale privato.
73 Strings ha asegurado una ronda de financiación de 55 millones de dólares en la Serie B liderada por Growth Equity de Goldman Sachs Alternatives, con la participación de Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE) y Broadhaven Ventures. La empresa, que proporciona soluciones de extracción, monitoreo y valoración de datos impulsadas por IA para el espacio de gestión de activos alternativos con un AUM de 17.6 billones de dólares, utilizará los fondos para acelerar el desarrollo e innovación de productos.
La plataforma atiende a clientes que gestionan casi 10 billones de dólares en activos, permitiendo valoraciones más rápidas y frecuentes con mayor transparencia. La empresa planea expandir sus capacidades a través de: la construcción de sistemas más inteligentes con LLM, la implementación de análisis de referencia y predictivos, la introducción de funciones de simulación de cartera y el lanzamiento de paneles avanzados diseñados específicamente para datos de capital privado.
73 Strings는 5,500만 달러의 시리즈 B 자금 조달을 Goldman Sachs Alternatives의 Growth Equity가 주도하고 Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE), Broadhaven Ventures가 참여했습니다. AI 기반 데이터 추출, 모니터링 및 평가 솔루션을 제공하는 이 회사는 17.6조 달러의 AUM 대체 자산 관리 분야를 위해 자금을 사용하여 제품 개발 및 혁신을 가속화할 것입니다.
이 플랫폼은 거의 10조 달러의 자산을 관리하는 고객을 대상으로 하며, 더 빠르고 빈번한 평가를 통해 투명성을 높입니다. 이 회사는 LLM을 사용하여 더 스마트한 시스템을 구축하고, 벤치마킹 및 예측 분석을 구현하며, 포트폴리오 시뮬레이션 기능을 도입하고, 사모 자본 데이터에 맞춰 특별히 설계된 고급 대시보드를 출시하여 기능을 확장할 계획입니다.
73 Strings a sécurisé un financement de 55 millions de dollars lors de la série B dirigé par Growth Equity de Goldman Sachs Alternatives, avec la participation de Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE) et Broadhaven Ventures. L'entreprise, qui fournit des solutions d'extraction, de surveillance et d'évaluation de données alimentées par l'IA pour le secteur de la gestion d'actifs alternatifs avec un AUM de 17,6 trillions de dollars, utilisera les fonds pour accélérer le développement et l'innovation des produits.
La plateforme sert des clients gérant près de 10 trillions de dollars d'actifs, permettant des évaluations plus rapides et plus fréquentes avec une transparence accrue. L'entreprise prévoit d'élargir ses capacités en : construisant des systèmes plus intelligents avec des LLM, en mettant en œuvre des analyses de référence et prédictives, en introduisant des fonctionnalités de simulation de portefeuille et en lançant des tableaux de bord avancés spécialement conçus pour les données de capital privé.
73 Strings hat eine Finanzierungsrunde der Serie B in Höhe von 55 Millionen Dollar gesichert, die von Growth Equity bei Goldman Sachs Alternatives geleitet wird, mit Beteiligung von Blackstone Innovations Investments, Golub Capital, Hamilton Lane (HLNE) und Broadhaven Ventures. Das Unternehmen, das KI-gestützte Datenextraktions-, Überwachungs- und Bewertungslösungen für den Bereich der alternativen Vermögensverwaltung mit einem AUM von 17,6 Billionen Dollar anbietet, wird die Mittel nutzen, um die Produktentwicklung und Innovation zu beschleunigen.
Die Plattform bedient Kunden, die fast 10 Billionen Dollar an Vermögenswerten verwalten, und ermöglicht schnellere und häufigere Bewertungen mit verbesserter Transparenz. Das Unternehmen plant, seine Fähigkeiten durch den Aufbau intelligenterer Systeme mit LLMs, die Implementierung von Benchmarking- und Predictive-Analytics, die Einführung von Portfoliosimulationsfunktionen und die Einführung fortschrittlicher Dashboards, die speziell für private Kapitaldaten entwickelt wurden, zu erweitern.
- Secured substantial $55M Series B funding from major financial institutions
- Platform serves clients managing nearly $10T in assets
- Strong backing from industry leaders (Goldman Sachs, Blackstone, Hamilton Lane)
- Clear product expansion roadmap with focus on AI and analytics
- None.
Insights
The $55m Series B funding round for 73 Strings reveals a strategic positioning that could significantly impact Hamilton Lane's (HLNE) technology capabilities and market competitiveness. The investment represents more than just a capital injection - it's a calculated move to enhance HLNE's private market data infrastructure and analytics capabilities.
The strategic partnership holds particular significance for Hamilton Lane's operations in three key areas:
- Enhanced data capture and analytics capabilities, potentially improving the firm's ability to evaluate and monitor private market investments more effectively
- Increased reporting frequency and depth, addressing growing investor demands for transparency and real-time insights
- Improved infrastructure for new product development and distribution, potentially enabling Hamilton Lane to expand its product offerings and market reach
The collaboration with 73 Strings aligns with Hamilton Lane's broader strategy to leverage technology for competitive advantage in the private markets space. By partnering with a platform that serves clients managing nearly
The integration of Large Language Models (LLMs) and advanced analytics into 73 Strings' platform could provide Hamilton Lane with superior capabilities in portfolio analysis and risk assessment. This technological edge is particularly valuable as private markets grow more complex and investors demand more sophisticated analysis and faster reporting cycles.
For Hamilton Lane shareholders, this strategic investment represents a forward-thinking approach to maintaining technological competitiveness in the evolving private markets landscape. The potential for improved operational efficiency and enhanced product offerings could translate into stronger long-term revenue growth and market position.
73 Strings is revolutionizing private capital markets through AI-powered data extraction, portfolio monitoring, and valuation solutions
Funds will be used to further accelerate product development and innovation
The round was led by Growth Equity at Goldman Sachs Alternatives, with continued investment from Blackstone Innovations Investments and participation from Golub Capital, Hamilton Lane (Nasdaq: HLNE) and Broadhaven Ventures, solidifying 73 Strings’ reputation as the trusted partner in enabling faster, more automated, and higher-frequency valuation and monitoring processes.
“This Series B is a pivotal milestone for 73 Strings,” said Yann Magnan, Co-founder and CEO. “There is exponentially greater demand on the Alternative Asset markets, and Managers need similarly greater flexibility to understand their portfolio performance. Our teams are working day and night to create the best data extraction, monitoring and valuation tools for these markets so that every participant – from allocators to managers to retail investors – can benefit from a more holistic, efficient and intelligent understanding of their investments as they focus on value creation.”
Mr Magnan continued: “The trust of Goldman Sachs and Blackstone, coupled with support from Golub Capital, Hamilton Lane, Fidelity International Strategic Ventures, and Broadhaven Ventures underscores confidence in our technology, team, and vision.”
"73 Strings' intelligence platform is designed to help Alternative Asset Managers adapt to the increasing complexity of private markets investing," said Jade Mandel, an Investor at Growth Equity at Goldman Sachs Alternatives who is joining the Board of 73 Strings. "By accelerating the adoption of modern data architecture and flexible, efficient workflows, 73 Strings is positioning itself as a software inflection point for the private markets industry. We are excited to support this team and their innovative vision of transforming how private capital firms use data and intelligence and drive decision-making.”
Accelerated Innovation and Product Expansion
This support and investment will propel 73 Strings’ product roadmap to deliver industry-first solutions that transform how private capital firms unlock intelligence, enhance valuations, and drive decision-making:
- Building Even Smarter Systems with LLMs: Harnessing Large Language Models (LLMs) to build agentic AI systems that generate custom insights, enabling faster, more informed decisions, and unlocking even greater value from the platform.
- Benchmarking & Predictive Analytics: Empowering data-driven decision-making by integrating benchmarking insights and advanced analytics, enabling clients to compare performance, assess trends, and make more informed strategic decisions.
- Portfolio Simulation: Introducing advanced sensitivity analysis and exposure modeling tools, empowering firms to evaluate the impact of key inputs on portfolio performance and valuations—an essential capability for proactive risk management and decision-making.
- Advanced Dashboards & Analytics: Launching an intuitive dashboard engine designed specifically for the complexities of private capital data to extract deeper intelligence and actionable insights, revolutionizing portfolio monitoring, valuations, and data management.
A Category-Defining Multi-Strategy Solution
Trusted by the largest alternative asset managers in the world, with clients who manage nearly
“We’re proud to have the trust of world-class investors and global clients who share our vision and are helping set the industry standard with 73 Strings,” added Abhishek Pandey, Co-Founder and Deputy CEO. “This investment accelerates our mission to push the boundaries of what’s possible, delivering next-generation solutions that bring unrivaled intelligence, efficiency, and innovation to the private capital markets.”
Quotes from Investors:
- Stevi Petrelli, Head of Blackstone Innovations Investments stated, “As private markets continue to grow rapidly in scale and complexity with assets requiring more frequent reporting, the need for more data, benchmarks, and analytics around asset valuations becomes essential for investors seeking greater transparency in their private market portfolios. In order to meet this need, we reviewed all of the leading solutions and selected 73 Strings as the best-in-class solution for operating at scale. Today, 73 Strings supports Blackstone’s valuation and portfolio monitoring processes across the majority of our businesses.”
- Griff Norville, Head of Technology Solutions at Hamilton Lane: "At Hamilton Lane, we are dedicated to investing in companies like 73 Strings that empower investors to make informed, data-driven decisions. Through this strategic partnership, we aim to enhance private company data capture and analytics, increase the frequency and depth of our reporting, and improve our readiness for new investment product development and distribution."
About 73 Strings
73 Strings is an innovative technology providing comprehensive data extraction, monitoring, and valuation solutions for the private capital industry. The company's AI-powered platform streamlines middle-office processes for alternative investments, enabling seamless data structuring and standardization, monitoring, and fair value estimation at the click of a button. 73 Strings serves clients globally across various strategies, including Private Equity, Growth Equity, Venture Capital, Infrastructure and Private Credit.
Since its inception, 73 Strings has onboarded clients managing over
For more information, visit 73strings.com.
About Growth Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than
Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over
About Blackstone Innovations Investments
Blackstone Innovations Investments makes principal investments in early-stage FinTech, PropTech, Cybersecurity and Enterprise Tech companies that we believe are well-positioned to benefit from a deeper relationship with Blackstone. Our engagement with the venture ecosystem aims to help drive innovation forward at the firm and position Blackstone to stay at the forefront of technological change. Further information is available at www.blackstone.com/blackstone-innovations-investments.
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Media Inquiries
Patrick Lenihan
Gravity Strategic Partners
patrick@gravitystrat.com
Source: 73 Strings
FAQ
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