Episode summary
73 Strings' Co-Founder and CEO Yann Magnan - the opportunity for AI to automate private markets
Alt Goes Mainstream
· · Hosts: Michael Sidgmore · Guests: Yann Magnan
Summary
Yann Magnan argues that valuation and portfolio monitoring in private markets is still burdened by manual work, even though much of the underlying data collection, standardization, and document parsing can be automated. He says 73 Strings was built to read portfolio company materials, extract KPIs from PDFs, PowerPoints, Excel files, emails, and reports, and turn inconsistent inputs into a standardized data set that helps funds move faster on valuations and reporting.
He draws a sharp line between automating repetitive calculation and replacing human judgment. In his view, AI can speed up comparable analysis and surface early warning signals, but it should not replace the accountability required when valuations are reported to LPs, auditors, and regulators. The real value of the software is helping firms create faster, more consistent, and better documented valuation workflows, not removing the need for responsible humans.
Magnan says demand is rising as private markets move toward the wealth channel, evergreen structures, and higher-frequency reporting. He believes that trend will favor firms that can collect, standardize, and leverage more data across strategies, especially large multi-strategy managers. Looking ahead, he expects private markets to converge somewhat toward public markets in transparency, benchmarking, and reporting frequency.
Key takeaways
- Magnan says 73 Strings automates the extraction and standardization of portfolio data from documents, with 98.6% accuracy in its workflow.
- He argues that AI should speed up valuation inputs and comparable analysis, but not replace human judgment or accountability.
- Magnan expects evergreen funds and retail distribution to push private markets toward monthly or even daily valuation processes.
- He says larger multi-strategy firms will benefit most because they can combine more data across business lines and spot patterns faster.
- He believes the industry’s next major opportunity is anonymized benchmark indexes built from standardized private-market data.
Notable quotes
“a technology SAS business focusing on valuation for alternative investment funds”
“I thought that's very inefficient. Number one. Number two, that's a bit a waste of the time”
“My view is that you can automate auto automatize that work partially but only partially”
“We have 98.6% accuracy when we do that. It's just like massive”
“I think that's going to be the next gold mine you know of industry”
How the episode opens
This episode of the Alco Mainstream podcast is brought to you by Ultimus, a leading full-ervice fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. Ultimus is a leading full-ervice fund administrator for asset managers in both private and public markets, offering a wide range of capabilities across registered funds, private funds, and public plans, as well as outsourced middle office services.
Delivering operational excellence, Ultimus helps firms manage the everchanging regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products. Trusted by institutions, investment consultants, registered investment adviserss, state governments, and fund managers, Ultimus provides solutions for nearly every investment structure in the marketplace.
Visit www.ultimusf ultimous funsolutions.com to learn more about Ultimus' technology-enhanced services and solutions or contact Ultimus executive vice president of business development Gary Harris on email at g har har har har har har har har har har har har har har har har har har har har harris at ultimus funfundsolutions.com we thank Ultimus for their support of alts going mainstream mainstream mainream all myies See you on mainream. We're going mainream from Wall Street to Melrose Avenue. We're going mainream.
Venture capitalists to athletes to creators to the person who's collecting trading cards. We're going to collision of culture and finance. We're going.
Welcome back to the Alco's mainstream podcast. Today's episode is with a founder who is building missionritical valuation and portfolio monitoring software for alternative asset managers. We are joined by Yan Magnet, the co-founder and CEO of 73 Strings to discuss how valuation work and portfolio monitoring is moving from manual to automated and why that's so important for the industry.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- ai automation
- private markets valuation
- portfolio monitoring
- standardization data
- wealth channel evergreen funds
Companies and tickers mentioned
- BX
- 73 Strings
- Blackstone
- Fidelity International Strategic Ventures
- Broadhaven Ventures
- Duff & Phelps
- EY
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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Alt Goes Mainstream, this episode and its artwork belong to Michael Sidgmore. Octagon is not affiliated with the show; this page is an independent summary.
