Building the ERP for Private Capital: Carta Product Roadmap 2026

Building the ERP for private capital: 2026 product roadmap

Author:

Vrushali Paunikar

|

Read time:

5 minutes

Published date:

20 February 2026

In 2026, we're focusing on depth—moving beyond simple record-keeping to deliver a real-time, interconnected system of record. Here's an insight into everything Carta's product teams are building this year to cater to the complexities of private capital.

Contents: The future is connected

Private Capital is a virtuous multi-node flywheel. Companies solve world problems, funds invest in those companies, and LPs invest in those funds. At Carta, we’re building the platform that will bring transparency, efficiency, and accuracy to this flywheel. We call it the networked ERP for private capital.

In 2025, we focused on connectivity. We strengthened connectivity between companies and funds with capabilities like QSBS, audit confirmations, and valuations. This connectivity, combined with our employment of AI, allowed us to deliver speed, accuracy, and transparency in unprecedented ways.

Solving for complexity

In 2026, we are expanding our coverage to support the most complex asset classes and structures, ensuring you can unify your operations regardless of your investment strategy.

Loan operations

In 2025, we launched Carta Loan Operations with the acquisition of Sirvatus. This year, we’ll continue to integrate Carta Loan Operations with our Fund Administration platform. This makes way for automated cash reconciliation, automated money movement, and real-time reporting.

Fund of funds

Our LP Portfolio Analytics and Fund Admin integration takes fund of fund operations to a new level. We’re upgrading fund of funds-specific workflows for deeper automation.

American waterfalls

We’re streamlining our support for American/deal-by-deal waterfalls. Deal containers will track conversions, realizations, and even M&A at the deal level.

Support for complex funds

Advanced valuation capabilities

We are evolving Portfolio Valuations into a comprehensive solution for both VC and PE. Expect support for complex multi-entity waterfalls, OPM, and expanded methodologies like public comps and DCF.

Data and reporting

The promise of an ERP is data integrity. When your front, middle, and back offices are disconnected, reporting becomes a forensic exercise. In 2026, we’re giving you more data, more control, and better reporting.

Integrated data collection

Our new AI-enabled Data Collection product will help you gather portfolio company financials and KPIs without the pain.

GP member experience

We’re bringing the power of our GP Carry product to the GP Member Experience.

Automated tearsheets

Powered by the Carta Data Warehouse, our new Tearsheet Builder allows you to create hundreds of LP-ready reports in under ten minutes.

Data explorer and co-pilot

We launched Data Warehouse to all Fund Admin customers last year. This year, we’re rolling this product out to all our Valuations and Data Collections customers.

Document intelligence

In 2025, we launched Documents Portal. This year, we’re taking document intelligence capabilities to a whole new level.

Deeper automation (with AI)

Last year, we talked about an agentic future for our Fund Admin product. Here are the surface areas that will receive an Agentic upgrade imminently.

Expense allocation and preparation (workflow)

Our expense agent prepares expenses based on historical context.

Tax prep (continuous monitoring)

Getting taxes right is overwhelmingly about getting the right inputs.

Valuations (workflow)

Our valuation agent will help you generate real-time valuations.

Tracebacks (insights)

In 2025, the first set of AI-powered tracebacks went live for complex GP carry calculations and management fees.

LP onboarding (configuration)

Onboard LPs with a few clicks.

Investments onboarding (configuration)

The investments onboarding agent will ingest the client’s SOI to hydrate the general ledger.

Financial reporting (insights)

Our financial reporting agent is specially trained on GAAP and IFRS reporting.

KYC (insights)

Our KYC Agent automatically reads LP submitted verification paperwork to help facilitate a KYC check and risk score.

The future is connected

The era of "spreadsheet fatigue" is ending. By connecting workflows across assets, funds, and LPs, the Carta ERP gives you the power to move away from manual data wrangling toward strategic financial leadership.

These 2026 products and features are designed to give you total command over your data, ensuring your firm is audit-ready, efficient, and scalable.

We are excited to build this future with you. To learn more about these upcoming features and see the ERP in action, schedule a demo with the Carta team today.

Author: Vrushali Paunikar

Vrushali Paunikar is the Chief Product Officer at Carta, where she leads the team that is responsible for developing new products and advancing existing solutions. Before becoming CPO, Vrushali worked on building the valuation business and helped that business scale to software margins.