HONEST COMPARISON

Nagare vs eFront
When to Use Each

eFront is the enterprise standard for $10B+ institutional LPs. Nagare is purpose-built for family offices and UHNW investors managing $20M+ in private markets. Here's when to use each.

The Core Difference

eFront

Comprehensive Tracking & Reporting

Full investment lifecycle: due diligence, portfolio monitoring, performance reporting, ESG tracking, compliance documentation.

For tracking: What you own, how it performed

Nagare

Strategic Planning & Forecasting

Future-focused planning: commitment modeling, capital call forecasting, liquidity planning, scenario analysis.

For planning: What to commit next, when you'll need capital

When to Use Each

Use eFront When:

  • Managing $10B+ in private market commitments
  • Need comprehensive due diligence tools
  • Require ESG reporting and compliance workflows
  • Have 100+ funds to track across multiple asset classes
  • Need integration with Preqin benchmarks
  • Require full regulatory compliance documentation
  • Have dedicated team to manage complex platform
  • Budget is $100K-$300K/year and 3-6 months for implementation

Use Nagare When:

  • Managing $20M+ in private fund commitments
  • Need fast commitment decision-making (30 seconds, not 3 days)
  • Require forward-looking capital call forecasting (2+ years out)
  • Have 20-60 funds across PE, VC, Credit, Real Estate
  • Want blended actuals + projections (current NAV from stale marks)
  • Need scenario planning (Base/Bull/Bear cases)
  • Have lean team (2-8 people) managing investments
  • Want to be live in 1-3 days, not 3-6 months

Feature Comparison

FeatureeFrontNagare
Core FocusComprehensive LP lifecycle managementForward-looking forecasting
Portfolio MonitoringBest-in-class (full lifecycle)Good (private markets focus)
Forward-Looking ProjectionsLimited (basic forecasting)Advanced (core feature)
Capital Call ForecastingBasic cash forecastsAdvanced (2-10 year, fund-level)
Blended Actuals + ProjectionsNoYes (project from stale marks)
30-Second Commitment ModelingNo (limited scenario engine)Yes (instant scenarios)
Monte Carlo SimulationsNoYes (1,000+ iterations)
Due Diligence ToolsComprehensiveNo (use for decisions, not DD)
ESG Data CollectionBuilt-inNo
Preqin Benchmarks IntegrationYes (seamless integration)No (standalone)
Regulatory ComplianceComprehensive (automated workflows)Basic (audit trails)
Setup Time3-6 months (complex implementation)1-3 days (fast start)
Annual Cost$100K-$300K (enterprise pricing)$0-$102K (family office pricing)
Typical Client Size$10B+ AUM$20M-$2B+ AUM

It's About Scale and Focus

eFront is Built for Institutional Scale

If you're a pension fund managing $50B across 300 private funds, with dedicated teams for compliance, ESG reporting, due diligence, and operations—eFront is your platform.

It does everything: portfolio monitoring, performance attribution, risk analysis, ESG data collection, regulatory compliance, due diligence workflows, and more.

Nagare is Built for Family Office Speed

If you're a family office managing $1.2B across 35 private funds, with a lean team of 2-5 people making fast commitment decisions—Nagare is your tool.

It does one thing brilliantly: forward-looking portfolio forecasting so you can answer "Can I commit $15M?" in 30 seconds instead of 3 days.

Cost and Implementation

eFront

Annual Software Cost:
$100,000 - $300,000
Depends on AUM, fund count, user count
Implementation:
$20,000 - $50,000 (one-time)
Timeline to Live:
3-6 months (complex setup, data migration, training)
Team Required:
Dedicated admin + implementation consultant

Nagare

Annual Software Cost:
$0 - $102,000
Free up to 10 funds, $42K (Boutique), $102K (Institutional)
Implementation:
$0 (self-service)
Timeline to Live:
1-3 days (import funds, add transactions, start forecasting)
Team Required:
Self-service (no dedicated admin needed)

Total First-Year Cost Comparison

eFront: ~$150,000 (software + implementation) vs. Nagare: $42,000-$102,000 (no implementation fees)

What You Give Up (And Why That's Okay)

What eFront Has That Nagare Doesn't:

  • Due diligence workflows (you probably do this elsewhere)
  • ESG reporting tools (may not be critical for family offices)
  • Preqin benchmark integration (nice-to-have, not must-have)
  • BlackRock backing (brand credibility, not functional)
  • 20+ years of history (established, but also legacy)

What Nagare Has That eFront Doesn't:

  • Forward-looking projections (see where you're heading, not just where you've been)
  • 30-second commitment modeling (eFront: hours or days)
  • Blended actuals + projections (current NAV from stale marks)
  • Monte Carlo simulations (probabilistic forecasting)
  • 1-3 day setup (eFront: 3-6 months)

The trade-off: eFront is comprehensive. Nagare is focused. If you need everything, choose eFront. If you need forward-looking forecasting, choose Nagare.

Which Tool for Which Scenario?

$50B Public Pension Fund

400 private fund commitments, dedicated 15-person investment team, full compliance requirements

Best Tool: eFront

Need comprehensive platform with due diligence, ESG reporting, regulatory compliance workflows. Have team and budget for enterprise solution.

$2.5B Single-Family Office

45 private funds (PE, VC, Credit, RE), lean 4-person investment team, fast commitment decisions

Best Tool: Nagare

Need forward-looking forecasting and fast commitment modeling. Don't need comprehensive due diligence or ESG workflows. Want to be live in days, not months.

$15B Endowment

200+ private funds, 25-person investment team, comprehensive reporting requirements to board

Best Tool: eFront

Institutional scale requires enterprise platform. Need full lifecycle management, benchmark comparisons, regulatory compliance.

$800M UHNW Direct Investor

28 private funds, 2-person investment team, frequently evaluating new co-invest opportunities

Best Tool: Nagare

Excel breaking at 28 funds. Need fast commitment modeling ("Can I commit $10M by Friday?"). Forward-looking capital call forecasting critical for liquidity planning.

Managing $20M+ in Private Markets?

Forward-looking forecasting without enterprise complexity or cost. Try it free and see if it works for your portfolio.

Free for up to 10 private funds • No credit card required