Private markets investing today is a study in contrast. It is an industry that invests heavily in digital innovation yet still operates on analog systems. Most investors receive PDFs for investment updates and use spreadsheets for analysis, relying on fragmented, lagged data for oversight. The result is a partial view of performance and exposure, forcing investors to spend more time piecing information together than drawing conclusions from it.

Within private markets, infrastructure is one of the fastest-growing and most diverse asset classes. Portfolios now combine traditional assets with emerging technologies and are held in a range of products and structures. Yet, information remains inconsistent across managers and funds, making it difficult to unify data at the asset level. Without timely, comparable information, investors risk missing critical linkages across holdings. Modernizing how data is captured and communicated has become essential to better decision making.