Lago Innovation Fund reduced portfolio review preparation from 20+ hours to minutes by moving from manual processes to automated data collection and analysis.

The Challenge: Time-Intensive Manual Processes

Like many private credit funds, Lago Innovation Fund's portfolio monitoring relied on manual work. "Our team spent most of each quarter collecting financials, entering data in Excel, and putting together portfolio reviews," says Andrew Cosentino, Investor at Lago. "It wasn't sustainable as we grew."

Key challenges included:

- Portfolio companies submitting financials in inconsistent formats
- Hours spent manually entering and validating data
- Scattered information across individual PM's Excel files
- Limited ability to perform portfolio-wide analysis
- Time-consuming portfolio review preparation

The Solution: Streamlined Portfolio Monitoring

Lago implemented Lumonic to improve their portfolio monitoring process. "Lumonic helped us rethink our entire workflow, from data collection to analysis," says Alex Huang.

The changes focused on three areas:

1. The End of Manual Data Collection

"Friday afternoons used to mean chasing down dozens of portfolio companies for financials,"Alex recalls. "We'd get PDFs, Excel files, and even scanned documents – each requiring manual processing and follow-up."

Lumonic transformed this chaos into flow. Portfolio companies now submit financials through a clean interface that adapts to their existing formats. Compliance certificates, once a maze of paper forms, are now digital and automatically parsed. When a company submits their quarterly package, covenant compliance status appears instantly in the system.

"The real magic," Alex notes, "is in what we don't have to do anymore. No more manual tracking spreadsheets. No more sending reminder emails. No more wondering which companies are late with their reports."

2. Spreading Financial Data at the Speed of Software

The transformation continues after submission. What once took weeks of manual spreading now happens in 72 hours, with every number traceable back to source documents. "The precision is remarkable," says Alex. "We can click on any metric and instantly see where it came from in the original financials."

But it's more than just speed. The system standardizes metrics across the portfolio while respecting the nuances of each company's reporting. Quality checks that used to require hours of analyst time now run automatically, flagging anomalies for review.

3. Everything Connected, Everything Accessible

Perhaps the most profound change is having a true command center for portfolio data. "Before, finding a specific covenant term or analyst note meant digging through folders or asking around the office," Alex explains. "Now, everything lives in one system that's both powerful and intuitive."

The team accesses this intelligence hub through custom dashboards and a seamless Excel plugin, finally bridging the gap between portfolio-wide insights and detailed analysis. During quarterly reviews, instead of assembling slides, they simply pull up live dashboards that tell the full story of each investment.

Results

The changes improved Lago's operations measurably:

- Portfolio review preparation time decreased by weeks
- Compliance certificates now collected digitally
- Financial spreading completed within 72 hours each month
- Portfolio data available in real-time

"What took weeks now happens in days," says Alex. "We spend less time preparing data and more time analyzing it."

Partnership Beyond Software

For Lago, Lumonic's approach to partnership has been as valuable as the technology. "The Lumonic team truly understands private credit operations," notes Andrew. "They're incredibly responsive, work on our schedule across time zones, and continuously release new features based on our feedback."

Recent platform additions include:

- Portfolio-level analysis capabilities
- Origination comparables dashboard
- Custom metric calculations
- Advanced covenant tracking

Looking Ahead

With their portfolio monitoring process transformed, Lago is now exploring new ways to leverage their centralized data. "We're excited about using Lumonic for everything from portfolio company benchmarking to investment decision support," says Alex. "The platform is continuously evolving, and we see it as a key part of our technology stack as we scale."