Pillar
Cross-Fund Concentration
The same sector or company can appear in several funds. A combined view helps you see those exposures together and compare them with the mandate, without losing the context of each fund.
5 pages
- How much of your firm sits in one sectorCompare your firm’s largest sector with its declared scope. Explore mismatches and how to read funds with different mandates together.
- How much of your firm is riding on one companySee how investments in one company add up across funds, why each flagged position is shown separately, and what a deployed-capital measure leaves out.
- Why stage and geography are shown without a scoreSector and company concentration affect the score; stage and geography remain descriptive. Understand the methodology choice and how to review all four views.
- Reading concentration when you only have one fundSee how concentration is calculated for eligible single-fund firms, and why deployment progress and future commitments matter when reading the result.
- Market concentration and your own portfolio answer different questionsMarket-wide concentration and your firm’s exposure answer different questions. Separate the industry story from the positions your team can change.
How to read this engine
Cross-fund concentration analyzes the firm's deployed capital across all funds for sector, single-company, and structural concentration patterns. The flags help you review where exposure has built up before your next investment decision.
The engine reads four dimensions across every fund the firm runs, using each position's deployed capital, and scores two of them. Sector concentration and single-company exposure affect the score. Stage and geography are shown descriptively. This is a methodology choice; the model does not infer whether any position was deliberate.
Cross-Fund Concentration Score
How sector and company exposure compare with the firm's declared mandate. A 0 to 100 reading, banded from well-distributed at the top to concentrated firm structure at the bottom, alongside a flag list naming each pattern the engine surfaced.
Because the engine groups positions by sector name, and sector names are entered by people, a firm whose records hold climate, cleantech, and climate tech as three separate sectors will read as more distributed than it is. The platform watches for the signature of that problem and surfaces it as a data-quality prompt rather than guessing at what was meant. It does not change the score.
A concentrated position can be deliberate. The model compares sector and company exposure with the declared mandate and its lifecycle assumptions, then flags patterns for review. It does not certify diversification or investment quality.
It also produces no peer comparison. Unlike Portfolio Efficiency, the Cross-Fund Concentration Score is not shown against a cohort median or a top-quartile threshold, and that is a methodology decision rather than a data-volume one. More records alone do not create a peer comparison under the current methodology.