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daappa/Insights

Private markets operations, data, and technology

Articles, research, and regulatory briefings from the daappa team and guest contributors across private markets.

Featured · Data sovereignty
The return of on-prem: bringing AI to your data, not your data to AI
Why data sovereignty is back at the top of the agenda, and how fund operations can have AI without surrendering control of fund and investor data.
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Guide · Regulation
The regulatory landscape for NAV oversight
CSSF 24/856, FCA, SEC Rule 2a-5, AIFMD II, IOSCO and more, and why independent, automated oversight is now expected.
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Insight · AI and data
Document extraction for private markets: why generic OCR falls short
Generic OCR was built for clean, repeatable forms. Private markets documents are neither. Why extraction breaks for fund operations, and what a governed approach looks like.
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Insight · Luxembourg · Fund operations
Scaling a Luxembourg fund administration business, without scaling the team
The book grows, the structures multiply, and the spreadsheet setup that worked at ten funds becomes a risk at forty. How boutique administrators run NAV-based and partnership funds on one system with daappa Core.
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Reference
Private markets glossary
Definitions of the fund operations terms that come up across private markets.
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All Regulatory AI and data Fund operations NAV oversight ESG and SFDR Luxembourg
Insights · January 2026
End-to-end technology for private markets GPs: creating persistent competitive advantages
In a world where the choice available to institutional investors when it comes to their private markets allocations has never been greater, GPs that implement an end-to-end technology solution are creating competitive advantages that persist.
5 January 2026 · 8 min read
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Comparison
Best data extraction software for alternative assets (2026)
An honest look at Canoe, Accelex, 73 Strings, Cobalt AI, Alkymi and daappa Extractor AI. What each does well, where each falls short, and the question that matters most: what happens to the data after extraction.
29 June 2026 · 14 min read
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Comparison
Best private equity analytics software (2026)
FundCount, Allvue, Chronograph, eFront, Cobalt GP, 73 Strings and daappa Analytics compared. Strengths, weaknesses, and which type of firm each suits.
29 June 2026 · 12 min read
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Free tool
UK AIFM tier checker (FCA CP26/28)
The FCA is consulting on scrapping the full-scope and sub-threshold split for three tiers measured on net asset value, not leveraged assets. Enter your NAV to see which tier you would fall into and the headroom to the next one.
Interactive tool · updated August 2026
Check your tier
Free tool
Operations maturity self-assessment for private markets
Ten questions, three minutes. Score your document intake, data governance, NAV oversight, reporting and audit-readiness against institutional-grade practice.
Interactive tool · updated July 2026
Take the assessment
Free tool
NAV error materiality calculator (CSSF 24/856)
Check a NAV calculation error against the CSSF 24/856 tolerance thresholds by fund type, see whether it is material, and what the notification and compensation obligations are.
Interactive tool · updated July 2026
Open the calculator
Insights
The Golden Source of Truth: data-driven operating models in private markets
Private markets are larger, more complex, and more regulated. Learn how a data-driven operating model can improve control, NAV oversight, and reporting.
15 December 2025 · 7 min read
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Blog
Hybrid funds: top 3 considerations for fund administration
Optimism surrounding hybrid funds is often tempered when firms dig into the operational, regulatory, and technological challenges. Here's what to address first.
9 December 2025 · 6 min read
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AI and data
The evolving role of software in private equity: data, reporting, compliance
Private equity is becoming more data-driven, regulated, and operationally complex. The most successful managers are investing in technology that gives them control, clarity, and scalability.
14 November 2025 · 5 min read
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Regulatory
CSSF Circular 24/856: what it means for ManCos and AIFMs in Luxembourg
The updated CSSF circular raises the bar for NAV oversight governance. Scope expansion, lower materiality thresholds, and stronger documentation requirements. What you need to know.
October 2025 · 6 min read
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AI and data
Why single-model AI extraction fails for private markets documents
Most AI extraction tools rely on a single large language model. That works for simple, consistent documents. Private markets quarterly reports are neither. Here's why the architecture matters.
September 2025 · 7 min read
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Fund operations
The NAV oversight spreadsheet: why it's no longer sufficient and what to do about it
The 0.5bp NAV movement check is a regulatory obligation. Running it on a spreadsheet with no audit trail is increasingly difficult to defend. Here's what the alternatives look like.
August 2025 · 5 min read
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