Thema

Thema is an AI market-understanding platform for private equity teams. Rather than starting from a list of similar companies, it maps how markets are structured and shows where risk is building across a portfolio, where to expand and where to originate deals. Its three starting points are Portfolio Risk (where to defend), Platform Expansion (growing each holding into adjacent markets) and Market Origination. Outputs include risk assessments, expansion narratives and targets ranked by strategic fit, formatted for investment committees. The company says it crawls and versions hundreds of terabytes of web data and resolves millions of entities to build a continuously updated map of markets.