At the LPGP CFO/COO in Chicago in October, we showed cap table management that runs in the same calculation engine as our waterfalls and carry. This post explains what was shown, and why we built it that way.
Private Markets Technology: Buy or Build?
In 2023, we made the case against building private markets tech in-house. That case still holds but AI has changed the calculus. We revisit build-vs-buy through a 2026 lens, and add a dimension our original piece didn’t cover: the compliance, operational, and LP-facing risk that any build must own.
Behind the Waterfall: Paul Foley
In this edition of Behind the Waterfall, we speak with Paul Foley, CTO of qashqade. Paul talks about what that unusually global, cross-sector path teaches you about building mission-critical systems, and why he doesn’t see innovation, stability and security as competing objectives.
Four Major Challenges Facing Private Markets Operations in 2026
In early 2023, we identified three operational challenges that were defining the private equity landscape. This post revisits the three original challenges through a 2026 lens, and adds a fourth that has emerged as one of the most pressing operational issues the industry now faces.
Inside Private Markets: David Waldman
In this edition of Inside Private Markets we speak with David Waldman, who offers a perspective that is grounded in operational reality. David shares his thoughts on AI adoption in private markets, addresses the data privacy question as well as context engineering and gives a bold prediction of how AI will have changed by 2030.
Trustworthy allocation management
In private markets, a miscalculation isn’t an abstract risk, it’s one that erodes LP trust and takes years to repair. In this piece, qashqade CEO Oliver Freigang explains why keeping data and logic in strictly separate layers is not a technical preference, but the architectural principle that determines whether a calculation system can ever truly be trusted.
Fixing the Infrastructure in Private Markets
qashqade partnered with Private Equity Wire for a webinar bringing together voices from across the ecosystem to discuss the LP/GP relationship and its contractual foundations, the volume problem created by retail and feeder structures, the future of investor experience, and the genuine role of AI in fund operations.
Claude on AI for Waterfall Calculations
Can AI handle waterfall calculations at a regulated fund manager? We put the question directly to Claude (playing the role of a $20bn PE fund CFO) and recorded the conversation. The answers cover accuracy, audit trails, LP governance risk, and ODD readiness. A candid, on-the-record view of where AI genuinely helps and where it falls short.
Inside Private Markets: Simplifying Fund Operations
In this edition we speak with ASK about what makes Norway’s private markets distinct. From the role of trust and administrative discipline to the challenge of building an effective fund tech stack, the conversation explores how rule-based, cloud-enabled solutions are shaping the future of fund operations in Norway.
Scaling carry modelling
IQ-EQ is a global fund administrator with deep technical accounting expertise, supporting private market managers globally. As client demand grew and fund structures became more complex, the team sought to enhance and scale their carry modelling service for fund manager clients across the EMEA region.