73 Strings is an AI-native valuation and monitoring specialist. Privatis values the portfolio too — and then posts the approved mark to the fund's general ledger, where it moves NAV, carry and every LP capital account.
73 Strings doesn't cover 10 areas natively in its software: deal CRM & pipeline; LP fundraising CRM & onboarding; fund general ledger the GP runs; waterfall, carry & management fees; LP portal & ILPA reporting; regulatory filings (ADV, PF, FATCA, CRS); partnership tax (1065, K-1, K-2/K-3); deal VDR & LP data rooms; issuer cap table & equity plans; private credit & covenant monitoring. In Privatis, all 13 post to and read from the same ledger.
| Capability | Privatis | 73 Strings |
|---|---|---|
| Deal CRM & pipeline | ||
| LP fundraising CRM & onboarding | ||
| Fund general ledger the GP runs | ||
| Waterfall, carry & management fees | ||
| Valuation modeling that produces the mark | ||
| Portfolio monitoring & KPI collection | ||
| LP portal & ILPA reporting | ||
| Regulatory filings (ADV, PF, FATCA, CRS) | ||
| Partnership tax (1065, K-1, K-2/K-3) | ||
| Deal VDR & LP data rooms | ||
| Issuer cap table & equity plans | ||
| Private credit & covenant monitoring | ||
| AI assistant |
Built for: Large GPs and administrators that want an AI-assisted valuation and monitoring layer alongside their existing systems.
2025: $55M Series B led by Goldman Sachs Alternatives. 2026: acquired Callisto (agentic AI) and added CohnReznick as a service partner.
Deep, AI-assisted valuation and portfolio monitoring, with a strong institutional client base.
A point solution by design. The mark still has to be carried into a GL, a capital account and an LP statement that someone else maintains.
You only need a specialist valuation layer, and your fund accounting and investor reporting are already settled elsewhere.
Every Privatis module posts to and reads from one general ledger. That's what makes these possible without an integration in between.
The LP CRM, the subscription documents and the general ledger are the same record, so nothing is re-keyed between fundraising and the books.
DCF, comps, LBO and option-pricing backsolves reconcile to one fair value. Approving it posts the journal entry that moves NAV, the Level 3 rollforward and every LP capital account.
European, American and hybrid waterfalls, with catch-up and quarterly accrual, read the same capital and the same LPA terms the fee engine uses.
The 1065, K-1s and K-2/K-3s come from the same 704(b) capital as the GAAP statements and LP capital accounts. There's no hand-off to a separate tax file.
Form ADV, Form PF, FATCA, CRS and FBAR are produced as filing-ready exports from live holdings and capital, not re-keyed into a consultant's template.
The target you diligenced becomes the portfolio company on the same record: data room, cap structure, KPIs, covenants and valuation history together.
AlphaBot works across deals, funds, credit and LP data, inside your information walls. Every change it suggests is a proposal that a person approves.
Based on 73 Strings's public product pages, press releases and trade coverage as of October 2026. A capability counts as native when it's sold as software the GP's own team runs. Spotted something out of date? Tell us and we'll correct it. Privatis produces regulatory and tax outputs as filing-ready exports for your filer of record.
73 Strings and all other product names are trademarks of their respective owners, used here for identification and comparison only. Privatis is not affiliated with or endorsed by them.
Bring one fund. We'll take a deal from the pipeline to the K-1 in a single workspace, with every number tracing back to the same journal entry.