How Nagare compares

Most tools report what happened. Nagare also tells you what's next — capital calls, liquidity, scenarios — and keeps the data current itself.

vs Excel vs Addepar vs eFront

Feature	Nagare	Excel	Addepar	eFront
Forward-looking projections	Native	Manual formulas	Actuals only	Limited
Market-linked Monte Carlo	Yes	No	No	No
Public + private blended	Yes	Manual	Public-first	Private-first
AI document extraction	Built-in	No	No	No
Scenario planning	Seconds	Hours	No	Limited
Capital call forecasting	2+ years ahead	Manual	No	Limited
Look-through holdings	Yes, reconciled vs NAV	Manual	Limited	Yes
Credit facilities & leverage	Yes	Manual	Yes	Limited
Multi-currency	Any currency	Manual	Yes	Yes
Time to live	Days	Now (until it breaks)	Weeks–months	Months

Based on publicly available product information as of November 2025. Capabilities evolve — verify current features with each vendor.

Nagare vs Excel

Excel is the right tool — until roughly fund number 10. Then every question costs you days.

Excel works when

You hold 2–10 funds in a single currency
One person owns the model and knows every formula
You plan quarterly and rarely run scenarios
Stale marks are acceptable between reporting cycles

It breaks when

15+ funds, multiple currencies, directs, and credit lines
A GP asks "can you commit $15M?" and the answer takes 3 days
Nobody trusts the model because nobody remembers the formulas
Every quarterly report means hours of manual re-keying

The switch: Nagare replaces the model, not the judgment. Your history imports once, the agent keeps it current from GP documents, and scenarios run in seconds instead of weekends.

Nagare vs Addepar

Addepar is a reporting platform: excellent at aggregating what happened. Nagare is built for what happens next.

Addepar is strong at

Custodian feeds and performance reporting at scale
Client reporting for advisors and multi-family offices
Performance attribution and historical data
Compliance and audit trails for regulated firms

Nagare is built for

Forward-looking capital call and distribution forecasts
Commitment modeling: NAV impact and liquidity need, same day
Deterministic and Monte Carlo scenarios across the whole portfolio
An agent that reads GP documents instead of relying on feeds

Different jobs. If you run an advisory business that ships client reports, Addepar fits. If you are the investor and need to decide — commit, hold cash, draw the facility — you need projections, and that's Nagare.

Nagare vs eFront

eFront is enterprise LP infrastructure — built for institutions with implementation teams. Nagare is built for the investor.

eFront fits when

You are a pension, insurer, or large institutional LP
You have an operations team to run the platform
A months-long implementation is acceptable
Your workflows are driven by institutional compliance

Nagare fits when

You are a family office or private investor — no ops team
You want to be live in days, importing from the statements you have
You want public accounts, credit lines, and net worth in the same view
You want an AI agent doing the data entry, not analysts

See the difference yourself

Bring one fund statement. Watch the agent read it. Know in 30 minutes.

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