20/12/2024
December 2024 Release Notes: Performance Grids & LP Portal Enhancements
New Enhancements to Performance Grids
This release expands the functionality of Performance Grids, making them more flexible and easier to use for data collection and reporting. These enhancements support various use cases, from operational tracking to compliance, with ESG surveys serving as an example application.
What’s New?
New Field Types for Enhanced Data Collection
Text Fields: Allow free-form answers (up to 255 characters).
Picklists: Predefined drop downs for standardized responses like “Yes,” “No,” or “N/A.”
Why it matters: These fields make it easier to capture both structured and unstructured data, ensuring accurate and relevant reporting.
Customizable Grid Field Types via the UI
Support for Text, Picklist, Currency, Number, and Percent inputs.
Create and adjust fields easily without technical expertise.
Why it matters: This flexibility allows grids to be adapted for multiple scenarios, ensuring they meet the diverse needs of firms.
Improved Data Presentation
• Clear Text Fields: Display qualitative data in a readable format.
• Flexible Picklists: Present dropdown options clearly for easy review.
Why it matters: These updates ensure data is easy to understand and actionable, reducing review time and increasing reporting accuracy.
Example Use Case: ESG Surveys
• Leverage the new grid enhancements to build out a dedicated ESG reporting template for portfolio companies.
• This template aligns with the newly published ESG Reporting Template from Invest Europe, ensuring compliance with industry standards.
• Use Picklists for Yes/No responses and Text Fields for capturing detailed explanations, providing flexibility and consistency in ESG data collection.
Configurable Portfolio Metrics in LP Portal
This release introduces enhanced configurability for portfolio metrics, permitting firms to tailor the LP Dashboard to their unique needs.
Key Features
Customizable Metrics Display
Select up to 9 investment fields, including metrics like Net MOIC, IRR, and Total Value.
Relabel Metrics
Match field labels to your firm’s terminology.
How It Benefits You
• Tailored insights for LPs.
• Simple configuration via Site Builder.
• Comprehensive and clear portfolio overviews.
Bug Fixes and Feature Enhancements
Various product improvements are driven by customer feedback and technology advancements.
Thank You for an Incredible Year
As we wrap up 2024, we want to express our sincere gratitude to all our clients for your continued trust and partnership. Your feedback and collaboration drive the innovations we bring to you, and we’re proud to support your success.
We’re excited about what’s ahead in 2025 and look forward to working together to achieve even greater heights. Wishing you a prosperous and successful new year!
- The Asset Class Team
New Enhancements to Performance Grids
This release expands the functionality of Performance Grids, making them more flexible and easier to use for data collection and reporting. These enhancements support various use cases, from operational tracking to compliance, with ESG surveys serving as an example application.
What’s New?
New Field Types for Enhanced Data Collection
Text Fields: Allow free-form answers (up to 255 characters).
Picklists: Predefined drop downs for standardized responses like “Yes,” “No,” or “N/A.”
Why it matters: These fields make it easier to capture both structured and unstructured data, ensuring accurate and relevant reporting.
Customizable Grid Field Types via the UI
Support for Text, Picklist, Currency, Number, and Percent inputs.
Create and adjust fields easily without technical expertise.
Why it matters: This flexibility allows grids to be adapted for multiple scenarios, ensuring they meet the diverse needs of firms.
Improved Data Presentation
• Clear Text Fields: Display qualitative data in a readable format.
• Flexible Picklists: Present dropdown options clearly for easy review.
Why it matters: These updates ensure data is easy to understand and actionable, reducing review time and increasing reporting accuracy.
Example Use Case: ESG Surveys
• Leverage the new grid enhancements to build out a dedicated ESG reporting template for portfolio companies.
• This template aligns with the newly published ESG Reporting Template from Invest Europe, ensuring compliance with industry standards.
• Use Picklists for Yes/No responses and Text Fields for capturing detailed explanations, providing flexibility and consistency in ESG data collection.
Configurable Portfolio Metrics in LP Portal
This release introduces enhanced configurability for portfolio metrics, permitting firms to tailor the LP Dashboard to their unique needs.
Key Features
Customizable Metrics Display
Select up to 9 investment fields, including metrics like Net MOIC, IRR, and Total Value.
Relabel Metrics
Match field labels to your firm’s terminology.
How It Benefits You
• Tailored insights for LPs.
• Simple configuration via Site Builder.
• Comprehensive and clear portfolio overviews.
Bug Fixes and Feature Enhancements
Various product improvements are driven by customer feedback and technology advancements.
Thank You for an Incredible Year
As we wrap up 2024, we want to express our sincere gratitude to all our clients for your continued trust and partnership. Your feedback and collaboration drive the innovations we bring to you, and we’re proud to support your success.
We’re excited about what’s ahead in 2025 and look forward to working together to achieve even greater heights. Wishing you a prosperous and successful new year!
- The Asset Class Team
Frequently asked questions
What is Asset Class?
Asset Class is a platform built for private capital firms. It combines CRM, investor relations, fundraising, and portfolio management into a single connected platform built on Salesforce infrastructure, serving PE, VC, real estate, private debt, family offices, hedge funds, and wealth management firms.
Who uses Asset Class?
Asset Class is used globally by private capital firms across private equity, venture capital, real estate, private debt, family offices, hedge funds, registered investment advisers, wealth managers, corporate venture capital arms, and fund administrators, from emerging managers to large multi-strategy firms.
What problem does Asset Class solve?
Asset Class solves fragmented workflows at private capital firms by bringing CRM, investor relations, fundraising and portfolio reporting into one system of record, where every piece of data is connected, auditable and real-time. Athena, the AI layer of Asset Class, answers plain-language questions on any record and drafts reports and follow-ups for your team to approve. Every answer cited to source.
Is Asset Class built on Salesforce?
Yes, Asset Class is built on Salesforce's Force.com platform, inheriting the world's leading CRM engine, enterprise-grade security, and access to thousands of pre-integrated apps on the Salesforce AppExchange. Existing Salesforce clients can easily deploy Asset Class within their current org.
How does Asset Class help private capital firms grow?
Asset Class helps private capital firms grow by automating fundraising, investor onboarding, capital calls, distributions and portfolio reporting on one platform, so teams can spend their time on deals and investor relationships. Athena, the AI layer of Asset Class, ranks your book by opportunity with its Relationship Score and drafts tailored follow-ups for your team to approve, so firms engage the right LPs first.
What is Athena in Asset Class?
Athena, the AI layer of Asset Class, gives every member of your team their own Claude-embedded AI agent for investor relations, business development, finance, compliance or portfolio management. Each agent works only within that person's permissions. Athena reads your firm's data, drafts the work and queues it for review. Your team approves, amends or rejects each item, and the decision, approver and timestamp are recorded.
Which AI model does Asset Class use?
Asset Class uses Claude, the AI model built by Anthropic. Athena, the AI layer of Asset Class, embeds Claude across the platform and connects it to your records, documents and actions. Asset Class accesses Claude through Anthropic's commercial API, so your firm's data is never used to train AI models. Each agent can only see and act on data its user is permitted to access.
Does Asset Class automate data entry?
Yes, Asset Class captures data from the sources your firm already has. Athena, the AI layer of Asset Class, scans subscription agreements, side letters, statements, notices, meeting transcripts, email, calendars and external data sources, then stages the extracted details on the right record. Nothing Athena stages updates a record until a permitted user signs off, and each approver is logged.
What is Asset Class?
Asset Class is a platform built for private capital firms. It combines CRM, investor relations, fundraising, and portfolio management into a single connected platform built on Salesforce infrastructure, serving PE, VC, real estate, private debt, family offices, hedge funds, and wealth management firms.
Who uses Asset Class?
Asset Class is used globally by private capital firms across private equity, venture capital, real estate, private debt, family offices, hedge funds, registered investment advisers, wealth managers, corporate venture capital arms, and fund administrators, from emerging managers to large multi-strategy firms.
What problem does Asset Class solve?
Asset Class solves fragmented workflows at private capital firms by bringing CRM, investor relations, fundraising and portfolio reporting into one system of record, where every piece of data is connected, auditable and real-time. Athena, the AI layer of Asset Class, answers plain-language questions on any record and drafts reports and follow-ups for your team to approve. Every answer cited to source.
Is Asset Class built on Salesforce?
Yes, Asset Class is built on Salesforce's Force.com platform, inheriting the world's leading CRM engine, enterprise-grade security, and access to thousands of pre-integrated apps on the Salesforce AppExchange. Existing Salesforce clients can easily deploy Asset Class within their current org.
How does Asset Class help private capital firms grow?
Asset Class helps private capital firms grow by automating fundraising, investor onboarding, capital calls, distributions and portfolio reporting on one platform, so teams can spend their time on deals and investor relationships. Athena, the AI layer of Asset Class, ranks your book by opportunity with its Relationship Score and drafts tailored follow-ups for your team to approve, so firms engage the right LPs first.
What is Athena in Asset Class?
Athena, the AI layer of Asset Class, gives every member of your team their own Claude-embedded AI agent for investor relations, business development, finance, compliance or portfolio management. Each agent works only within that person's permissions. Athena reads your firm's data, drafts the work and queues it for review. Your team approves, amends or rejects each item, and the decision, approver and timestamp are recorded.
Which AI model does Asset Class use?
Asset Class uses Claude, the AI model built by Anthropic. Athena, the AI layer of Asset Class, embeds Claude across the platform and connects it to your records, documents and actions. Asset Class accesses Claude through Anthropic's commercial API, so your firm's data is never used to train AI models. Each agent can only see and act on data its user is permitted to access.
Does Asset Class automate data entry?
Yes, Asset Class captures data from the sources your firm already has. Athena, the AI layer of Asset Class, scans subscription agreements, side letters, statements, notices, meeting transcripts, email, calendars and external data sources, then stages the extracted details on the right record. Nothing Athena stages updates a record until a permitted user signs off, and each approver is logged.
See how AI transforms Private Capital operations
Your competitors are still filling in spreadsheets. You're closing rounds. Asset Class is the unfair advantage that separates the firms who scale from the firms who stall
See how AI transforms Private Capital operations
Your competitors are still filling in spreadsheets. You're closing rounds. Asset Class is the unfair advantage that separates the firms who scale from the firms who stall