Leveraging Data to Transform Private Equity: The Lantern Launch

Private equity firms are constantly seeking ways to improve performance and gain a competitive edge in today's challenging business environment. Lantern Limited, a pioneering private equity data platform and technology provider, aims to address this need with its suite of fund and portfolio monitoring products. With deep industry knowledge and a team of skilled data scientists and engineers, Lantern combines powerful data analytics and visualization technology to provide private equity firms with data-driven insights.

Founded by industry veteran Edward Moore, Lantern has identified a "data analytics gap" in the market and a growing demand for private equity firms to harness the full potential of their funds and portfolio companies. In an increasingly data-rich environment, optimizing the management and use of data has become crucial at every step of the investment process. Lantern aims to democratize cutting-edge technology and tailored private equity data analytics, making them accessible to all firms, not just the largest managers.

One of Lantern's key offerings is fund monitoring, which provides performance dashboards to showcase and benchmark critical key performance indicators (KPIs) such as net asset value (NAV), internal rate of return (IRR), distribution to paid-in (DPI), residual value to paid-in (RVPI), and total value to paid-in (TVPI). It also includes investment transactions and operational metrics like fund fees and cash-on-cash returns. By providing a comprehensive and accurate picture of the fund universe, Lantern helps private equity firms gain valuable insights into their performance.

Lantern's portfolio monitoring product automates data collection and validation for general partners (GPs), enabling firm-wide access to actionable insights and enhanced decision-making. With real-time and granular datasets, Lantern seamlessly connects the information, acting as a single source of truth for clients. This ensures data accuracy and helps firms make informed investment decisions.

Edward Moore, Founder and CEO of Lantern, emphasizes the importance of data in today's fundraising environment. With increasing competition and macroeconomic challenges, private equity firms are seeking ways to boost fund and portfolio performance. Lantern's platform is designed to break down data silos, augment and make data more accessible, transparent, and understandable. Ultimately, the goal is to drive enhanced performance for private equity firms and their investors.

The development of Lantern's rich data information and visualization platform has been a collaborative effort. Over the past two years, the company has worked closely with leading private equity firms, including Highland Europe, who have participated in beta-testing. Ronan Shally, Partner and CFO at Highland Europe, praises Lantern's technology, calling it a potential game-changer in the market. The platform has given them access to fund-level data and insights through an intuitive interface.

Lantern's launch is just the beginning. The company is already working on other products, including investor dashboards and proprietary benchmarks, to further enhance its offering and provide additional value to its clients. With its mission to become the go-to private markets platform hosting trusted data sets, curated by top minds and powered by cutting-edge technology, Lantern is set to transform how the private equity industry sees and utilizes its data.

About Lantern:

Founded in 2022, Lantern is a subsidiary of Aztec Group dedicated to making private equity data accessible and insightful for limited partners (LPs) and general partners (GPs). By combining high-quality market data with intuitive visualization tools, Lantern's platform enables users to interrogate and monitor fund and portfolio-level data, benchmark against peers, and drive performance. With its focus on cutting-edge data science and live, audited, and granular data, Lantern offers a groundbreaking solution for the private equity industry.