Munich Re Ventures (MRV) is the venture capital arm of insurance company Munich Re Group. With more than $1 billion in AUM, Munich Re Ventures invests in the most innovative start-ups transforming the future of risk and risk transfer.
Munich Re Ventures uses Tactyc by Carta to manage and project fund performance, at all stages of a fund’s life.
The missing piece to see full fund performance
“Tactyc is the puzzle piece I’ve been seeking for several years,” says Alex Kamenetskiy, COO of Munich Re Ventures. “We tried to build our own fund model in Excel, but it was never quite right. It was exciting to see Tactyc address exactly what I was looking for.”
Before Tactyc, tracking investments in Excel was cumbersome, he says. The intricacies of tracking individual investments, from initial investment to exit planning, was spread across sources, making it difficult to track results against projected outcomes throughout the investment lifecycle. They really only had snapshots of performance, he says, at the beginning and end of the investment lifecycle.
Now, the investment team leverages Tactyc to track and manage overall fund performance, and for in-depth analysis aiding them in making informed individual investment decisions.
Exactly what you need, built in a smart way
“Tactyc is a really helpful tool that has the right level of flexibility and customization with an ease of use,” says Alex. “It’s a rare combination where it’s easy to use and highly customizable in a way that you’re pretty much getting exactly what you need in an effective and efficient way. That part is very impressive. It was built in a very smart way.”
The Munich Re Ventures team found Tactyc to be helpful as they measured progress of existing funds. And their newest fund was built entirely in Tactyc, from portfolio construction to monitoring the fund deployment and even running hypothetical fund scenarios of future fundraises. Tactyc has aided the team across the entirety of a fund’s life.
