cwan Review, Pricing & Features

Clearwater Analytics, known by its NYSE ticker CWAN, is an investment management technology company founded in 2004 and headquartered in Boise, Idaho. Its platform unifies data aggregation, portfolio accounting, performance measurement, risk analytics, compliance monitoring, and reporting for institutional investors — including insurers, asset managers, hedge funds, banks, pension funds, corporate treasuries, and government entities — processing daily activity behind more than $10 trillion in assets across public and private markets for roughly 2,400 clients worldwide.

The platform is built around two flagship products. Enfusion by Clearwater is a front-to-back portfolio management and order/execution management system (OEMS) used by more than 1,000 hedge funds and asset managers across 30 countries, offering native connectivity to 300+ liquidity venues, inline pre- and post-trade compliance, and a unified investment book of record (IBOR) and accounting book of record (ABOR) on a single database. Beacon by Clearwater is a cloud-native, cross-asset risk and performance platform delivering intraday VaR, stress testing, scenario analysis, and P&L attribution for institutions such as Blackstone, PIMCO, Bank Vontobel, Commonwealth Bank, and TD Asset Management, with a Python-native environment for quant teams to build proprietary models.

Layered across both products is Clearwater AI, an embedded generative-AI layer that lets users query data in natural language across 500+ reports and 5,000+ data attributes, deploy no-code purpose-built AI agents for reconciliation, reporting, and compliance tasks, and run agentic, human-in-the-loop workflows. Clearwater cites internal case results of data cycles compressed from roughly 30 days to 24 hours through this automation. In June 2026 Clearwater Analytics was taken private in an approximately $8.4 billion acquisition led by Permira and Warburg Pincus.