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Captions for the AskNorthstar demo video.
Penguin Capital, 2026.

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What if every question you had about
a private equity fund

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could be answered in seconds?

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Meet AskNorthstar.

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Our research database,
connected to a chat interface.

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Ask it for the deal-by-deal MoICs
of any fund

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and in under two seconds, you have
entry years, sectors, status, returns.

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Eleven deals — instantly comparable.

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Want to layer in the next fund?
Just ask.

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Now you're seeing two vintages side by side:
nineteen deals, mature exits next to a
still-developing portfolio.

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The pattern emerges immediately.

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But MoICs alone don't tell the story.
So we go deeper.

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What actually drove the returns?

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EBITDA growth. Multiple expansion.
Revenue. Leverage. All decomposed —

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for every realized deal.

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And were these returns actually special?

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Or did the public markets
do the same work for free?

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KS-PME and Direct Alpha
versus public benchmarks.

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Five out of six deals beat the index.
One didn't.

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The data is honest.

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Finally, the question that matters most.

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When did the money actually come back?

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Year by year. Investments. Distributions.
The J-curve.

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Crossing positive in 2023
and accelerating ever since.

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Twelve years of data advantage.

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Fifty-one million data points.

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Sixty-four attributes.

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We are Penguin Capital.
Investors — not fund managers.

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A data-driven fund-of-funds
and co-investment platform,
built by operators, for the lower mid-market.

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Where the alpha still hides.