Clearwater adds AI to investment ops, risk and private markets

Clearwater Analytics announced three AI-enabled products — Compass, Total Portfolio Oversight and Fund Analytics — built on its investment data platform, which the company says supports more than $10 trillion in global assets.

The products are designed to automate investment operations, improve risk oversight and streamline private-markets data processing while maintaining a single, auditable investment record across workflows.

Compass embeds AI into investment operations and accounting workflows to automate exception management, accelerate reconciliations and shorten close processes. The initial Compass capabilities available now are Smart Suspense and Recon Transparency. Smart Suspense applies rules and machine learning to match and categorize unapplied cash, replacing spreadsheet-driven work with a centralized operational workspace. Recon Transparency provides clients live views of reconciliation breaks processed by Clearwater, showing source files, resolution status and root-cause analysis to support collaborative workflows.

Total Portfolio Oversight, developed with Blackstone and already in production, offers a shared view for investment and risk teams across public and private assets. The solution combines portfolio oversight, risk exposure metrics, shock analysis and direct portfolio query capabilities. Clearwater said Total Portfolio Oversight is being expanded to a select group of institutional beta clients.

Fund Analytics targets private-markets data, where teams commonly rely on GP reports, capital statements, PDFs and spreadsheets. The product uses AI to extract, validate and structure fund-level and exposure data. Clearwater said Fund Analytics provides earlier visibility into portfolio changes, look-through exposure, peer benchmarking and scenario analysis while keeping private-markets data linked to the broader investment record used across the platform.

Sandeep Sahai, chief executive officer of Clearwater Analytics, said the company built its platform around a trusted investment record and that firms can bring AI directly into workflows that drive investment operations, risk and portfolio oversight. Lisa Widdowson, head of product for insurance and asset owners, added that connecting reconciliations, exceptions and close workflows directly to the investment record lets firms move faster while maintaining the controls institutional investors expect.

Clearwater described the offerings as extensions of its existing platform rather than standalone products and emphasized end-to-end traceability of data used for operations, risk analysis and private-markets reporting. The company is listed on the New York Stock Exchange under the ticker CWAN.