Look-through is what every institutional investor wants from their private equity book: seeing through the funds, down to the underlying portfolio companies. Getting there is a data challenge, and it has three steps: extract, clean, validate.
Florian Garivier, CEO of Quantilia, walks through each of them in 20 minutes, following a single GP report from arrival to consolidated exposure.
Getting numbers out of a GP PDF is the step everyone demonstrates, because it is the step that looks impressive. It is also the step that matters least on its own.
What decides whether those numbers are worth anything is what happens next: standardising formats that do not match, resolving inconsistencies, removing duplicates, then running the checks that catch what the extraction got wrong. An extracted figure that has not been validated is a wrong number that looks right, and that is more dangerous than a blank cell.
This session follows one GP report through all three steps, in order, and ends where look-through actually begins: line-by-line identification of the holdings in each fund, and consolidated exposure by country, sector and investment strategy.
AI and text parsing pull structured data out of documents that were never designed for it: capital call amounts, dates and fees from GP notices, holdings from Excel forms, positions from investor portals. Up to 80 data points per underlying portfolio company.
Formats are standardised, inconsistencies resolved, duplicates removed. Every flow is typed: investment, fees, interest, return of capital, capital gain, recallable distribution. Asset classes are normalised across venture capital, infrastructure, private debt, real estate, and the long tail down to forests and art collections.
Up to 650 individual checks per file test the integrity and completeness of the data: inter-source reconciliation, discrepancy detection and automatic alerts. Anomalies are identified and corrected, and every figure stays clickable back to the page it came from.
CEO & Founder, Quantilia
Florian founded Quantilia in 2017 to solve a problem he kept seeing on the buy side: institutional investors making long-term decisions on data they had to assemble by hand. Quantilia now monitors more than $250B of assets for over 60 institutional clients across 12 countries.
Thursday October 1, 2026, 11:00 CET / 10:00 BST / 13:00 GST / 05:00 EDT
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