73 Strings, which works on portfolio valuation and monitoring, raised a Series A of an undisclosed amount led by Blackstone's early-stage investment arm and Fidelity International Strategic Ventures. The company's clients include sovereign wealth funds, limited partners, and general partners. The platform's clients have a combined $2T in private equity, venture capital, and private credit, including France's Eurazeo, with €35B in assets under management. - 73 Strings co-founder Abhishek Pandey said the company plans to use the funds to provide tech solutions and expand its footprint.
- "Valuations and portfolio monitoring are two of the most critical workflows in the private capital industry, and we believe there is a significant opportunity to introduce automation and efficiency into these areas," said Stevi Petrelli, head of Blackstone Innovations Investments.
- 73 Strings' headquarters is located in Paris, with a presence in New York, London, Toronto, and Bengaluru.
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