Looking Back at 2025 — and Ahead to 2026
In this year-end video conversation, our CEO Oliver and CPO Gregor reflect on the past year from both an industry and company perspective and share what they see coming next for 2026.
2025 was a year of contrasts: while the broader environment remained complex and unpredictable, the private markets industry continued to grow at a strong pace. Structural trends such as increasing fund complexity, the rise of evergreen structures, and growing demand for transparency and accuracy in allocation and performance calculations continued to shape the market — and reinforced the need for robust, flexible technology.
A Pivotal Year for Our Product
From a company perspective, 2025 marked an important turning point. With the release of version 25, the focus shifted decisively toward usability without compromising on depth or precision. Years of functional expansion were consolidated into a platform that is significantly easier to use, while at the same time covering a much broader scope of use cases.
What was once primarily a waterfall and fund allocation tool has evolved into a comprehensive allocation engine spanning private markets, carried interest, share-based waterfalls, and even extending into public-market–style performance logic where required. This expanded scope is already opening new conversations with clients and supporting increasingly complex, end-to-end calculations that many teams struggle to handle manually or across disconnected systems.
Technology, Teams, and Execution
Oliver and Gregor also discuss how technology trends — particularly AI — are shaping expectations across the industry. Rather than treating AI as a buzzword, the focus is on evaluating where it can meaningfully improve efficiency.
In 2025, we strengthened the platform’s foundations: refactoring core components, expanding flexibility, and modernizing the user interface. This creates the basis for responsibly integrating AI-driven capabilities going forward, ensuring that innovation directly supports real-world use cases rather than adding unnecessary complexity.
Internally, the year was also about maturing execution: refining structures across services, sales, and marketing, investing in training, and strengthening the organization for sustainable growth. Financially, the company closed the year with a clean balance sheet and a solid foundation for what comes next.
Looking Ahead to 2026
Looking forward, both Oliver and Gregor are optimistic about 2026. With a stronger product foundation, a clearer operational setup, and a growing market backdrop, the focus shifts from rebuilding and refactoring to scaling, execution, and impact. The goal is clear: help clients manage complexity with confidence — while continuing to evolve the platform in step with market needs.
Watch the full conversation below to hear Oliver and Gregor’s reflections on 2025, the product and technology journey, and why they are confident about what lies ahead in 2026.
