PESS Directory – 2015 3i Infotech – Framework 4 AltaReturn 6 App-X 8 eFront 10 eVenture Systems Limited 12 InnoEra 14 End to End Software Investors Economic Assurance 16 Relevant Equity Systems 18 SS&C Software 20 SunGard Investran 22 Vantage Software 24 Vitech Systems Group, Inc. 26 Baxon PE 28 ClearMomentum 30 Asset Monitoring Software iLevel Solutions 32 TopQ 34 SEI 36 Fund Administrators SS&C Fund Services 38 4vco Limited 40 Consultancies Lionpoint Group 42 SteelBridge Consulting Ventures 44 LexisNexis InterAction 46 CRM/Deal Flow Software Netage Solutions, Inc. 48 Touchstone CRM 50 IT Support/Services Advanced 365 52 Accounting and Reporting PS Financials 54 Back Office Q-Biz Solutions 56 Compliance Management ViClarity 58 Expense Management TripsWare 60 Investor Relations Intralinks 62 Limited Partner Services Burgiss 64 Private Equity Research PitchBook 66
1 2 Foreword
Welcome to the 2015 PESS (Private Equity Software and Services) Directory.
4vco has been providing independent advice to private equity clients for over 13 years and has witnessed the growth and maturing of a dynamic software and service industry in the sector.
The 2015 edition of the PESS Directory contains profiles of over 30 suppliers, each with a proven commitment to servicing private equity clients. The profiles include details of company backgrounds, key facts, product descriptions, clients and supplier contact details.
The PESS Directory is updated annually and is available free at www.pessdirectory.com where individual profiles can be viewed online and a pdf of all profiles can be downloaded.
Latest supplier news is also available online at www.pessnews.com and in the monthly PESS Newsletter. Visit www.pessnews.com to register for the free newsletter. To keep in touch with supplier news as it happens you can also follow the PESSNews Twitter feed at www.twitter.com/PESSNews
Finally, look out for details of our PESS Showcase events in New York Fall 2015) and London (June 10th 2015) during 2015 – see www.pessnet.com for details. Free to attend, the Showcases provide a great opportunity to meet and assess the leading software and service providers and to network with your peers in a relaxed but thought-provoking environment.
Thank you for your interest in the PESS Directory. All feedback is welcome at [email protected]
Regards The PESS Team
Disclaimer Please note that all information in the Directory is provided by the suppliers. 4vco exercises no editorial control over the content of the profiles and offers no guarantee of the accuracy of the information contained therein.
3 About us Key benefits ______Framework is a complete, end-to-end software Outstanding service levels can be achieved solution for the private equity industry. using the powerful reporting and dynamic ad- hoc enquiry tools to quickly respond to The company was formed in 2000 and is a queries from investors and senior market leader in private equity software. In 2008 management. Framework became part of 3i Infotech, a global Web-enabled reporting with drilldown technology company with over 1,500 customers dashboards provide “anytime anywhere” in over 50 countries and a wide range of software access to real-time data – whether in the products and services for the financial services office or on the road. industry. End-to-end investment management capability from deal sourcing to investment Our software monitoring to cash flows and valuations ______enable the entire deal lifecycle to be Framework supports the investor managed efficiently on one platform with all management and investment lifecycles with stakeholders looking at one database. capital accounting and portfolio management Robust capital accounting functionality result functionality along with an integrated general in significant increases in efficiencies and ledger. controls in critical business processes. Powerful reporting tools provide the EVCA and ILPA templates are available capability to create professional quality along with a suite of standard reports. reports and respond to ad-hoc requests. High user adoption at clients sites with an Investment performance can be scrutinised adaptable, Microsoft Office-like graphical with comprehensive investment monitoring, user interface which seamlessly integrates in capital structure and valuation capability. to a user’s workstation. Rich functionality enables the IR team to Configurable business processes ensure manage relationships, handle documents operational consistency and the ability to and meet investor reporting requirements. change practices in an evolving market. The deal team can track contacts and source Business growth and increased complexity is deals efficiently with deal flow processes supported by Framework’s comprehensive, configured to match their specific needs. scalable and flexible software – a true enterprise solution.
Framework provides solutions for ______Limited Partners Secondaries Funds of Funds Mezzanine Funds Fund Administrators Real Estate Investors Development Funds
4 www.3i-infotech.com/Framework
Our approach Clients ______We are an ambitious, growing company and Framework’s global client base includes a range understand the important role that our customers of firms active in private equity including GPs, play in our future success. Our aim is to ensure LPs, Fund of Funds, Fund Administrators, and that Framework adds value to our clients’ Secondary, Mezzanine, Real Estate and business operations from Day 1. We aim to Development Funds. Our goal is to help our provide superior service from the beginning and clients manage risk, enable transparency and do everything we can to ensure that all client increase efficiency in their business operations. objectives are met. Technology To ensure that we are up to date with industry ______trends and market needs we regularly The Framework application is built on the communicate with our clients, especially via our modern Microsoft .NET technology stack, active, independent user group. This market and provides rich integration with Microsoft information feeds into our extensive maintenance Office and simple, secure deployment via service which provides regular updates to help ClickOnce. maintain the value of your investment in our software. Integration with Microsoft Active Directory provides enterprise security and easy administration. Implementation Use of Microsoft SQL Server as the database ______provides secure storage with easy We set implementation success criteria at project configuration and management. inception with clients and ensure that all project activities are focused on achieving these goals. Hosting Framework’s delivery approach is geared as a traditional “waterfall” methodology and provides ______the structure for an on-time, on-budget Framework can be deployed at the client site or implementation. The deployment expertise and hosted by a third party company, allowing our best practice guidance developed from the clients to focus on their core business and delivery of many successful projects is a key minimise the cost of IT ownership. input of successful implementation projects.
Contacts ______Paul Whapham
t: +44 20 7071 3143 e: [email protected]
5 AltaReturn Next-generation software for the alternative invesmtent industry
About AltaReturn Product Solutions ______A next-generation technology deployed on the Available as an integrated end-to-end suite, or as cloud, AltaReturn was designed from the ground independently licensed applications which will fit up to be an end-to-end solution for the within your existing infrastructure and technology Alternative Investment industry. AltaReturn framework, we offer the following solutions via outperforms other systems, providing a compre- the cloud (SaaS – Software as a Service) using hensive high-performance solution that drives Microsoft Azure: virtually every area of your enterprise. Created An industry strength, commercial general ledger on Microsoft® platforms and leveraging for Fund and Management Company proprietary AltaReturn technology, it is Accounting leveraging Microsoft® Dynamics sophisticated, yet easy to use – giving you the NAV, tailored for private equity and Alternative tools you need to increase efficiency and Investment fund managers’ specific transaction, visibility. processing and reporting needs. AltaReturn was founded by Custodio Toledo and Customer Relationship Management Rey Acosta with the goal of delivering a robust, leveraging Microsoft® Dynamics CRM to drive intuitive next generation platform that would automation in fundraising, deal tracking and other deliver where others have failed. The firm is business processes that increase productivity staffed with industry experts; all key employees and efficiency. Accessible to users on PC’s and have an average of 20 years of experience with for mobility on tablets and smartphones. financial systems, primarily focused on the AltaReturn Business Intelligence produces, alternative assets industry. The AltaReturn team calculates and delivers data for reporting and has a proven track record of developing leading- analysis. It combines Microsoft® SQL Server edge solutions and has more than 1,000 Reporting Services with a data warehouse for successful implementations to its credit. data capture from multiple sources, and includes AltaReturn is headquartered in Miami, Florida a calculation engine to define customized and has additional resources in New York, calculations and metrics. Washington DC, Boston, London, Ukraine and Fully customizable Web Portals for Brazil. communication and collaboration. Based on Microsoft® SharePoint, the AltaReturn Web Portals provide an effective and secure platform for managing client and internal communications and events.
Key facts Key Advantages ______- Founded in 2008 - Intuitive & familiar Microsoft® user interface - Currently serving more than 100 clients - Industry strength technology platform - Designed by a team with an average of 20 - Native Microsoft® Office integration years’ experience providing software - PC, Tablet and Smartphone ready solutions to the alternative investment - Higher adoption & reduced training costs industry - Reduced operational risk
6 www.AltaReturn.com
About our Clients The cloud - Software as a Service (SaaS) ______Our current client list includes Private Equity & With current advances in cloud computing Venture Capital Funds, Family Offices, Fund technology, getting world class software Administrators, Fund of Funds, Limited Partners shouldn’t mean investing in expensive IT and Real Estate Funds. Our clients’ assets under infrastructure. We agree. We offer AltaReturn on management ranges from $100 million to $35 a subscription basis, hosted on the Microsoft billion. Cloud. Key features and benefits are: A number of our clients have implemented the • Security - Microsoft’s approach to full end-to-end suite of our offerings, while others security is relentless. They continue to have selected specific modules from our explore cutting edge security practices offerings to close gaps in their existing product and provide enterprise level security at infrastructure. subscription level pricing AltaReturn is focused on partnering with our • Privacy - Microsoft Azure holds Safe clients to en-sure that we continue to provide the Harbor as well as the highest level of best solution in the Alternative Investment European privacy approval with E.U. industry. We pride ourselves on soliciting Data Protection Directive (95/46/EC) feedback from our clients about current and • Compliance - Microsoft hold ISO/IEC future system enhancements and delivering a 27001:2005 Audit and Certification as solution that meets the needs of today and well as SOC 1 and SOC 2 SSAE tomorrow. 16/ISAE 3402 attestations Providing solutions for: • Scalability - Microsoft Azure is • Private Equity massively scalable and means that you • Venture Capital do not need to future proof your infrastructure any longer. Azure will grow • Family Offices alongside your business • Fund Administrators • Availability - the beauty of the cloud is • LPs & Fund of Funds that whether you are in the office, on the • Real Estate Funds road or travelling aboard it is always there for you.
Contacts ______Mark Lacana Tony Poulson Director of Sales North America Director of Operations EMEA
t: +1 305 925 0491 t: +44 20 3695 1617 e: [email protected] e: [email protected] w: www.AltaReturn.com w: www.AltaReturn.com
7 App-X A leading provider of flexible, web-based software solutions for Alternative Asset Fund Managers, Institutional Investors, and Impact Investors
About Services ______Since 2006, Application Experts (App-X) has App-X’s clients and partners include top firms worked with a wide variety of leading and institutions throughout the alternative asset organizations in the Alternative Asset community management and impact investing ecosystems. including fund managers, funds of funds, If you’d like to speak with one of our clients about institutional investors, and impact investors. their experience working with us, we’d be happy Subsequently, we have developed a unique, to put you in touch. holistic perspective on the Alternative Asset industry. ABS Capital Aether Investment Partners At App-X, not only do we understand technology, California Institute of Technology but we understand your business and specifically Commonfund where technology and fund management intersect. Add in the experience we've gained The Dietrich Foundation implementing and supporting software for Greenspring Associates hundreds of organizations. The result is Harbour Group continually-evolving, custom-tailored software Hermes GPE that improves efficiency, helps manage data, and InfraRed Capital Partners sets our clients apart from their competitors. Maranon Capital NEA App-X was a member of the 2008 class of Northern Lights Ventures TechStars, a startup incubator based in Boulder, Northern Trust Colorado. Led by the mentorship of the founders of such companies as Tumblr, whitepages.com, Plexus Capital and foursquare, the TechStars program helped RCP Advisors App-X solidify the initial build-out of the AIM Russell Investments product and refine a go-to-market strategy. Sofinnova Ventures TCV Today, App-X has over 100 clients and over TechStars 1,000 individual users. University of Minnesota Investment Advisors UTIMCO
Products Clients include ______AIM: centralizes institutional knowledge related Fund Managers to fundraising, investment due diligence, and Institutional Investors portfolio management for Alternative Asset Fund Endowments & Foundations Managers and Institutional Investors. ShareSecure: a secure, branded, and cloud- Wealth Managers/Family Offices based Virtual Data Room that integrates with Impact Investors salesforce.com.
8 www.app-x.com
AIM: Your insights realized ShareSecure Data Room ______AIM tracks your fundraising progress in real time The Only Data Room You’ll Ever Need across your organization and helps you ShareSecure is a stand-alone Virtual Data Room proactively manage relationships through a (VDR) solution that integrates with shared, centralized system designed specifically salesforce.com. ShareSecure is available from for Alternative Asset Fund Managers and any browser and uses enterprise-grade security Investors. On the investment side, AIM helps to protect your sensitive documents. And you monitor investments through the evaluation ShareSecure can be customized to present your process in a scalable manner and centralize users with a custom-branded login screen. institutional knowledge related to investment due diligence and portfolio management. ShareSecure Features ______AIM Features Completely Integrates with Salesforce ______ShareSecure allows you—at the click of a Streamline fundraising and LP management button—to issue and manage access to your Track investors in your fundraising pipeline. secure data room using contact information you Automate generation and distribution of already maintain. numbered PPMs. Activity Feeds Organize Investing Opportunities ShareSecure features easy-to-digest activity Track your pipeline of prospective investments feeds that provide you with real-time updates on and record details from each step of the due the activity inside your data room. diligence process. AIM also lets you Group Management demonstrate a thorough and regimented process Create and manage groups of users that require to auditors and investors similar access without having to duplicate the AIM Investor Correspondence effort required to grant them access individually. Create correspondence including capital calls, distribution notices, annual reports, and schedule K1's for all of your investors in minutes. Calls and distributions can be created pro-rata or adjust allocations accordingly.
AIM Contact ShareSecure Contact ______John Peterson John Peterson Director of Sales and Marketing Director of Sales and Marketing
t: +1 720 458 9083 t: +1 720 458 9083 e: [email protected] e: [email protected]
9 eFront Innovative alternative investment software solutions
About ______eFront® is a software provider dedicated to the • Investor Relationship Management Solutions financial services industry with a recognized enabling tighter relationships with investors expertise in alternative investments. eFront’s by providing the tools to manage fundraising, product strategy is differentiated by large R&D contacts, reporting and efficient investments based on extensive customer communication via the eFront® Investor research and input, and a constant effort to turn Portal. the latest technologies into unmatched • Portfolio Management Solutions offer functionality, flexibility and user experience detailed capabilities for deal flow, portfolio design. Founded in 1999, eFront serves clients monitoring, valuations, investment analytics worldwide from offices in Asia, Europe, the and transparent reporting. Middle East and North America. • Fund Management Solutions provide full coverage for complex investment structures Clients including transaction management, fund ______accounting, financial statement generation and investor allocation. eFront solutions serve over 700 customers in 40 countries, including private equity and other eFront for Limited Partners buyout firms, secondary funds, mezzanine funds, eFront for LPs is a powerful set of solutions and fund of funds, institutional investors (banks, services that enable organizations to track, insurance companies, pension funds, sovereign manage and analyze all aspects of their wealth funds) and fund administrators. alternative investments, saving time and effort while making better investment decisions. Products eFront® for LPs enables investors to: ______• Streamline the collection of data from fund eFront for General Partners managers with a dedicated portal eFront for GPs is a complete set of front-to-back • Leverage services to validate and normalize office solutions that enable fund managers to data from fund managers, enabling investors optimize their investment management business, to focus their efforts on high-value analysis ensuring full auditability and transparency. eFront • Use market-leading analytics and reporting solutions provide the following capabilities: capabilities to analyze performance at the company, fund and portfolio levels
Key facts Offices ______700+ clients in 40 countries New York, Dallas, San Francisco, Boston, +550 employees Chicago, Tampa, Montreal, Belgrade, Jersey, Luxembourg, Paris, London, Cologne, Dubai, 21 offices worldwide Abu Dhabi, Hong Kong, Singapore, Beijing, 90+ new clients in 2014 Mumbai, Sydney, Vero Beach 30% CAGR
10 www.efront.com
Products cont… Key benefits ______eFront for Fund Administrators Make better investment decisions Fund administrators are able to enhance and eFront’s complete front-to-back-office platform streamline their client operations with eFront’s can analyze multiple alternative investment asset powerful solutions including: classes, enabling organizations to better • Comprehensive fund management for even understand their investments and make better the most sophisticated structures ongoing investment decisions. • Instant global communication with investors Manage investments and risk more closely • Highly sophisticated reporting and analytics tools. Manage operational risk with proven tools and reports. Manage business risk with capabilities including cash flow forecasting, exposure Services analysis and business workflows. ______Implementation & Support Meet all reporting needs more easily Our implementation projects enable the rapid Use sophisticated analysis and reporting deployment of our solutions and complete capabilities to meet investor needs, leverage integration with clients’ existing IT environments, ILPA and EVCA compliant reports, and perform organizations and processes, including validation powerful detailed ad hoc analysis. and management procedures. In addition, eFront solutions easily adapt to your company's specific vocabulary and preferences. Improve investor-manager relationships Because our solutions leverage the latest The most advanced portals enable managers technologies and alternative investment market and investors to communicate more easily and practices, eFront clients benefit from regular, clearly with each other, at any time or location. non-disruptive solution updates. Support teams are always available to answer a wide variety of requests, including how-to questions, custom report design, new module installation and training.
Contact ______eFront
e: [email protected] w: www.efront.com
11 eVenture Systems Limited
About Pricing ______eVenture Systems is a European provider of Kinetic cost just £39 per user per month. This private equity software. Founded in the early covers CRM and Deal log and includes 1Gb of 1990s, our first eVenture product was released in Cloud storage on our commercial server based in 1999. To date, we have sold in excess of 1,000 Germany. concurrent licenses across 16 countries. eVenture cost from £29 per module per month. Our software Users can have as few or as many modules as ______needed. We offer 2 systems for private equity: • Kinetic – our front office software as a Clients service offering (SASS). Simple to use and ______cost effective, Kinetic connects via the Our clients represent a wide range of investing internet for data access but, unlike many entities including not only the traditional venture competitors, Kinetic can also be used in capital, buy-outs and fund of funds, but also Offline mode and synchronised on return to industrial companies, family offices and your office. specialists funds (including government agencies). You can use Kinetic on your PC, Mac, tablet Some key facts: or phone in English, German or French. • Our largest client uses our product in 7 offices spread throughout the world. • eVenture – a comprehensive fully integrated • Our smallest client has only 3 concurrent private equity system. eVenture includes a licenses. CRM module, deal flow, investor relations, portfolio monitoring, data analytics as well as • Our customer support is legend. A dedicated fund structuring and reporting to EVCA client advisor is allocated to help each standard. customer get the most from their software. All client advisors have Microsoft Certification as Start small and add modules and users when well as other qualifications. you need to. eVenture is both reliable and 90% of our new business comes to us through highly cost effective. client recommendations.
Key facts Core services ______20 years experience in private equity systems System supply and delivery European focussed with unparalleled support Implementation Active user group with regular meeting. Consultancy Tailored solutions
12 www.eventure.co.uk
Services Ongoing support ______For new customers, we generally provide help Both eVenture and Kinetic are updated annually, with setting up, data migration, training and and under the terms of our maintenance tailoring. agreement, all clients are entitled to a free Our unique liquid forms concept allows screens upgrade, paying only for the cost of installation. to be tailored without the need for additional Software releases improve on the ease of use of programming and extra cost. There are standard the software, its functionality and keeps our tools to help with data migration and data product up to date. cleaning which further help with the process of We are very proud of our quality focus with both setting up. A small system is typically installed the design of software and testing being at the and working within a day. For larger installations, forefront of what we do. As a client of eVenture, we use PRINCE2 certified professionals to you will have access to a nominated client manage the project. These projects are advisor who knows the history of your system. subjected to our standard weekly meeting He or she will have immediate access to the right process and testing throughout the project. people to help with any issues that may arise. Whether projects are large or small, they will be Clients are visited are offered an opportunity to worked on by a team of specialists lead by a participate our user group. Regular meetings are Director. He or she is responsible for held in London, Munich and Madrid and provide understanding the customer’s requirements, a forum for discussions with us and a chance to making sure that the software has been correctly meet with other customers. delivered and is within budget. We understand the importance of client budgets and where possible we will quote a fixed fee for implementation.
Contact ______Surapongs Chaudakshetrin Director
t: +44 20 8686 8300 m: +44 7803 295 973 e: [email protected]
13 InnoEra,Inc. The leading IT solutions provider to private equity operations
About Services ______InnoEra,Inc., Boston based Financial Software We take great pride in providing end to end Solutions Provider, founded in 2007 by software solutions to our clients. We are proud to Technocrats with wealth of knowledge in financial have a team with a collective experience of 50+ domain. years in providing software solutions within Our culture of innovation brings a fresh Financial Framework. Our expertise is in perspective to business problems and our wealth providing front, middle as well as back office of business and technology experience delivers solutions. solutions that meet any business challenges. Our key strength is to streamline highly complex Extensive experience in providing software business processes and providing solutions to solutions within the financial framework. increase productivity as well as giving you an edge over others. * Fundraising * Deal Screening • Delivery on time and budget * Portfolio Management * Portfolio Performance * Investor Relations * Financials • Low risk engagement with our phased approach * Bill Processing * Taxes • Immense Industry knowledge and * Waterfall understanding With multiple offices and round the clock support • Expertise in most cutting edge technologies. we work with our clients as offsite extension to IT Department. Our highly talented staff with expertise in cutting edge technologies at your We specialize in: disposal to help you achieve solutions to your • Process Optimization business needs. • Custom Solutions & Reporting Clients • Quickbooks/PeachTree/Salesforce integration ______• Business Intelligence InnoEra solutions are used by Private Investment Firms with over $ 500 billion of assets under • Mobile Development. management. Clients include leading Private Equity, Fund of Funds, and Asset Management Firms.
Key facts Contacts ______50+ years of collective experience in the private Avi Soni investment domain. CEO 100+ solutions delivered. Offices in Boston, Chicago, Chennai (India). t: +1 781 365 1462 Highly talented team of individuals with knack of e: [email protected] innovation.
14 www.InnoEra.com
Products ______With extensive experience and research in Personalize correspondence with password Financial Framework, our products are designed protection, Watermark, encryption and more. Our to address some complex needs with simplicity to clients have not only saved 60-80% of their time ensure operational efficiency as well information & resources using this product but also have transparency. achieved a personalized, consistent & a All our products are designed so you don't professional looking correspondence. change your process to accommodate them but we customize to fit into your business processes. InnoEdge - A smart & secure way to store documents and innovative platform to collaborate with Investors. Our Core Products: InnoEdge offers truly interactive Investor Portal to rMerge Making the Investor Reporting more monitor & analyze Portfolio Performance & efficient and robust Exposure by Strategy, Sector, Region, Asset InnoEdge Platform to collaborate with Investors Class and more… iAnalyze Single view of your data from Safe & Secure document management platform multiple sources for sharing documents. Document level security as well as attribute rMerge - A product that makes your reporting based storage for easy retrieval and robust experience unbelievably simple, from Generation access control. to Distribution. Integrated Alerts & Announcement for people rMerge is designed to automate the production of using system in another must have feature. any Investor Correspondence like Financial Statements, Audited Statements, Tax iAnalyze - A platform that brings all your data Correspondences, K1s, Distribution Notices, source together to give you one view of your Capital Call Notices and more with ease while data, helping you to make better decisions maintaining accuracy and consistency. through smarter use of your data. Whether your correspondence is done using mail iAnalyze helps bring your Accounting System, merge, merging different document formats or Quickbooks, Peachtree and data residing on any splitting documents, rMerge is designed to database together as well as gives you an ability handle it. to slice and dice it the way you want.
______Nick Nanavati Mausami Vora CIO Sr. Account Executive
t: +1 847 508 6704 t: +1 781 365 0858 e: [email protected] e: [email protected]
15 Investors Economic Assurance, LLC Proven, high quality capital administration solutions for General Partners, Fund Administrators, Fund Managers and Auditors
CapAssure® Services ______CapAssure is a GAAP-based, fully integrated IEA’s capital allocation process is fast and platform which can assist fund managers and efficient, with no manual intensive steps, General Partners in providing superior investor resulting in a lower cost of capital administration. capital management and reporting. CapAssure IEA offers a variety of solutions to the alternative delivers timely, accurate and auditable investment community: allocations of investment distributions (“Waterfalls“), allocations of the Profits & Losses • CapAdministration services provide a fully of investment companies and clawback accruals. out-sourced solution, allowing client’s to CapAssure supports the most complex of supplement their staff with IEA’s experience, allocation requirements and integrates with technology and operations. investment accounting platforms to provide a • CapAssure software as a service (“SaaS”) timely flow of information. Built-in allocation model allows clients to enhance their existing controls, tightly integrated with partnership- staff with proven and controlled technology specific algorithms provides an automated, platform, while minimizing infrastructure production strength solution for partnership overhead. allocations to ensure the accuracy of results. We provide complete hosting and system administration capabilities in support of either CapAssure utilizes industry-standard .NET model in a secure, controlled, world-class architecture and relational database technologies SSAE 16 SOC 1 Type 2 certified datacenter. to provide automated, robust processing. IEA’s proprietary accounting model is supported by CapAssure® Highlights CapAssure’s optimized data model to support ______detailed, secure and controlled allocations while supporting unparalleled investor level Distribution Waterfalls - Partnership transparency. agreements call for defined allocations of cash distributions to individual investors (“Waterfalls”). IEA’s CapAssure provides customizable, IEA differentiates itself by the breadth, depth and automated, auditable and fully transparent integration of its multi-disciplined experience. Our investor-level allocation waterfalls in a controlled technical experience spans application enterprise class platform. development, systems integration and delivery of full lifecycle system implementations.
Core functionality Key facts ______Automated Allocation Waterfalls, Preferred Founded in 2000, based in New York City Return Accruals, Hypothetical Liquidations, Solutions for GPs, Administrators, Auditors General Partner Clawback, Capital Forecasting, Outsourced services (CapAdministrationSM) Carry Fund Administration, Performance Measurement, Investor transparency w/ Software Solution (CapAssure®) analytics and reporting, Industry Standard LP SSAE 16 SOC 1 Type 2 certified data center Reporting. 70+ clients in
16 www.iea.us.com
CapAssure® Highlights cont… ______Hypothetical Liquidation Waterfalls - Performance Measurement - Limited Partners CapAssure’s automated hypothetical liquidation are asking for the internal rate of return for fund allocations provide the same level of detail and performance evaluation. CapAssure produces a transparency for unrealized waterfalls. fund(s) current and historical IRR’s, gross or net.
Clawback Accruals - CapAssure produces LP- Reporting and Analytics - Leveraging a dual- level gross and net General Partner clawback, ledger accounting model and a flexible and user- supporting truly accurate and transparent friendly reporting environment, CapAssure investor capital balances. provides industry leading reporting, analytics and transparency. Profit & Loss Allocations - CapAssure aggregates partnership Profits and Losses, Industry Standard LP Reporting - Produce reflecting GAAP and partnership economics ILPA standard Capital Call and Distribution within individual LP capital accounts to provide Notices allowing General Partners to streamline accurate, auditable and transparent changes to communication of cash flows. investor’s capital. About - Investors Economic Assurance, LLC Capital Forecasting - Whether defining specific (“IEA”) provides proven, high quality capital investment scenarios or macro-based administration solutions. IEA differentiates itself assumptions, CapAssure provides real-time by the breadth, depth and integration of its multi- forecasting of GP Carry, Clawback and investor disciplined experience. Our principals bring over capital balances. 50 years of collective experience to our clients, spanning accounting, technology and operations, gained through direct industry participation in Carry Fund Administration - Enhanced public accounting, investment management, fund allocations of realized and unrealized carry to GP formation, custody & treasury services, fund participants. Easily track carry for individual accounting, financial data mining and tax & general partners across one or multiple funds. regulatory compliance. Our technical experience spans application development, systems integration and delivery of full lifecycle system implementations.
Contact ______Investors Economic Assurance Contact: Gary Shelto
t: +1 212 242 5520 m +1 917 626 3218 f: +1 212 840 5526
17 About Relevant EquityWorks ______Relevant Equity Systems delivers fast, elegantly Relevant EquityWorks is comprised of six core designed apps to help your Private Equity apps that automate essential business processes professionals get more work done with less such as private equity fund administration and effort. Our apps help you increase efficiency, partnership accounting. generate stylish fund correspondence and You have the flexibility of using the apps both quarterly reports, and gain unprecedented clarity independently and together to address your into your portfolio’s performance. unique challenges. Always a “thought leader,” we pride ourselveson being the first to market with innovative technology that helps you systematically raise Core Apps money, administer your funds, uncover Fund Raising & Investor Relations opportunities, and build value in your Fund Administration investments. Deal Management Our upcoming iPad® app for Fund Raising lets your road warriors access Relevant EquityWorks Portfolio Management from anywhere at anytime. Imagine quickly Contact Management/CRM reviewing an LP’s commitment history, IRR, or Quarterly Reporting. their latest inquiries, right before stepping into a meeting. Our add-in components and optional software products (listed below) extend “out of the box” Clients functionality, enabling you to tailor Relevant EquityWorks to the unique requirements of your ______firm. Since launching Relevant EquityWorks in 1998, Relevant EquityWorks apps are fully compatible we’ve delivered systems to more than 265 clients with the new releases of Mac OS Mountain Lion in 23 countries. Our clients cover a broad range and Windows 8. Since you also have the option of business models including: Venture Capital, of having your EquityWorks Server hosted, your Growth Equity, Private Equity, Corporate finance professionals can quickly and seamlessly Venturing/CVC Teams, Fund of Funds, Family access our back-office solution from anywhere Offices, Real Estate, Secondaries, Mezzanine, on the Internet. Distressed Debt, Workout, CleanTech/Energy, and Timber.
Add-in Components Optional Products ______Advanced Debt, Compliance, Fund of Funds, Accounting System Interface, Data Warehouse, Partner Attribution, and Waterfall Obligations. and Web-based Reporting Portal.
18 www.relevant.us
User Experience & Speed Reporting ______Relevant EquityWorks apps takes the user Relevant EquityWorks’ comprehensive, intuitive experience and intra-team workflow to a new reporting both enhances your operation and level of sophistication, convenience, and clarity. provides your LPs with insightful, visually- Common tasks are just a touch or click away, appealing reports. The Reporting module comes navigation is smooth and intuitive, easy-to-use with a library of over 130 reports, providing you wizards guide you through procedures, and drag- with instant clarity into all operational areas and and-drop reporting is easy and efficient. aspects of your fund performance and portfolio holdings. See more. Do more. You can easily create your own reports using EquityWorks helps your back- and front-office either EquityWorks’ “drag-and-drop” report work smart. Visual timesaving tools like the Task generator or “page layout” report writer. Our Help Panel, Nav Bar, and Breadcrumbs guide you Desk has also helped clients customize hundreds through every module, screen, and task. Your of reports to address every nuance of their data is accessible, well organized, and easy to businesses. manipulate. Our Web-based Reporting portal provides your LPs with secure 24/7 access to fund Accelerate your workflow. correspondence. In addition, EquityWorks enables you to electronically assemble and EquityWorks’ rich client architecture ensures split distribute your quarterly reports (in PDF format), second record access and report generation. Our which you can send via email or post to each advanced development techniques make LP’s web folder. You can use any combination of communication between your app and server extremely efficient, eliminating the need for a letters, Microsoft Word /Excel documents, slower, browser-based solution. and reports. IFRS and EVCA Valuation & Quarterly Reporting Empower your teams. guidelines and formats are fully supported. EquityWorks gives your staff all the tools to Finally, you can apply a “reporting style sheet” to succeed. Team-specific screens with all-inclusive standardize the look and feel of all reports across dashboards, tutorial-like wizards, and team- your organization. favorite tasks and reports help your professionals do more in less time.
Services Contacts ______System Implementation Ray Haarstick Data Conversion CEO & Founder End-user & System Administrator Training Help Desk/Technical Support t: +1 781-250-4000 Custom Programming & Reporting e: [email protected] Professional Services/Consulting
19 SS&C GlobeOp Leading provider of fund administration services and advanced software solutions for the private equity industry
About Functionality ______SS&C GlobeOp is the leading provider of fund SS&C GlobeOp’s TNR Solution™ is an administration services and software solutions for integrated platform for both back office the alternative investment community. accounting as well as front office contact and SS&C GlobeOp’s private equity fund pipeline management. Modules include: administration services include client • Fund and Portfolio Accounting implementation, fund and partnership accounting, • General Ledger capital call/distribution management, investor tracking and investor relations support, tax • Investor Relations support, management and financial reporting and • CRM/Document Management waterfall administration. • Deal Pipeline Management SS&C GlobeOp’s TNR Solution™ provides the • Fundraising private equity industry with core general ledger and accounting tools as well as advanced CRM, • LP Web Reporting deal tracking and portfolio management • Portfolio Web Portal. capabilities. TNR Solution™ is designed around Private Clients Equity. The software supports complex master ______feeder, offshore, capital structures and holding SS&C GlobeOp clients include: company structures, as well as multi-currency calculations across all funds, investors and • Buyout portfolio companies. • Venture and corporate VCs The TNR General Ledger module allows for • Fund of funds automation of all allocations, journal entries, • Institutional investors (LPs) check writing, bank reconciliation and full audit- trail of all entries and changes in the system. • Real estate TNR Solution™ also provides full integration with • Mezzanine funds MS Outlook, Word and Excel for synchronization • Placement agents of emails, contacts and calendar as well as mail • Advisors and service providers. merge correspondence and import/export capabilities.
Key facts Reporting ______4,600+ employees Extensive list of standard reports 6,900+ clients Ad-hoc reporting tools 57 Offices around the world Ability to export preformatted data $625+bn assets under administration Dynamic reporting tools i.e.IRR Analysis tool 7,000+ funds Data dashboards with in-built charting User defined fields
20 www.ssctech.com
Services Technology ______SS&C GlobeOp is dedicated to keeping your System architecture project on schedule and within budget, while SS&C GlobeOp’s TNR Solution™ is a multi-tier providing a high level of customer support. Our software built around Microsoft’s .Net framework Professional Services group offers a structured with SQL Server as the backend database. approach to software implementation and The system is easily configured, and provides provides the following services: end-users with countless tools to customize • Workflow Analysis dashboards, screens, views, reports and other • Data Conversion/Reconciliation options. The software fully integrates with MS • Software Installation Outlook, Word and Excel. • Training SS&C GlobeOp provides full support, both on- • Hardware and Network Analysis site and remote, during all client implementations • Report Creation and Customization for system setup, configuration and on-going • Client Specific Software Modifications. maintenance. The software is designed to require as little technical administration from Our Professional Services team also manages clients as possible, and does not need constant ongoing Customer Support. Following the monitoring or on-going support. implementation phase, we provide continued support to our customers through: • Technical/Customer Support Web services • New Software Releases SS&C GlobeOp’s TNR’s Xtranet LP Portal • Advanced Training. provides Investors with dynamic online access to reports, correspondence, financials and other Client testimonial account information. The two-way portal also allows Investors to submit change-requests ______online for contact and other information. TNR’s “TNR Solution has greatly enhanced the Portfolio Portal provides a secure online link for efficiency of our finance team in the areas of portfolio companies to upload their financials and Investor Relations, Fund and Portfolio other information directly to TNR. Clients can Accounting and LP Web-based reporting. also access information on Blackberries or Support is prompt and accessible.” iPhones with TNR’s Mobile Reporting utility. Susan Soenderop, Onex Partners
Contacts ______Paraic Cosgrave Fred Jacobs Head of Business Development Managing Director, Global Sales SS&C GlobeOp Fund Services
t: +353 1 514 9730 t: +1 646 213 7104 e: [email protected] e: [email protected]
21 SunGard’s Investran Full service investment management technology and services provider for private equity
About Business solutions ______SunGard’s Investran provides a comprehensive Investran provides investment professionals and set of solutions and services for limited partners, back office staff with the tools they need to general partners, fund of fund managers, fund manage their fundraising, deal sourcing, portfolio administrators, real estate fund managers and management, partnership accounting and family offices. As a pioneer of private equity reporting, and analysis for private equity and technology solutions, Investran has a track alternative asset investment organizations. record of delivering innovative technologies, The Investran suite is natively integrated, along with nearly two decades of experience and providing front-, middle- and back office users best practices. with an end-to-end, integrated solution for Private equity managers and investors around alternative assets investment organizations. the globe trust Investran as the platform to By leveraging the strengths of our products and manage data, efficiently scale operations, and highly customizable features, Investran clients place accurate and reliable information in the implement powerful and highly scalable solutions hands of stakeholders and decision-makers. for their distinct needs, thus providing a unique experience and service offering to their own Clients internal and external customers. ______Investran serves more than 300 customers Clients include: globally. Investran clients include: ______• General partners, including buyout, venture General Partners capital, real estate, energy, infrastructure, Limited Partners mezzanine and multi-strategy investment Fund Administrators managers Real Estate Funds • Limited partners, including pensions, insurance companies, foundations, Traditional Fund of Funds endowments, sovereign wealth funds, Secondaries traditional banks and development banks Family Offices • Service providers, including fund Private Banks administrators, gatekeepers, advisors and Endowments consultants.
Key facts Contacts ______200+ global staff Tony Chung 400 customers in 24 countries Head of Sales, Private Equity 7 of the top 10 PEI 300 use Investran 6 of the top 7 private equity and real estate fund t: +1 646 445 8243 administrators use Investran e: [email protected]
22 www.sungard.com/private-equity
Solutions Professional Services ______SunGard’s Investran is an integrated application Solutions to improve our customers’ business suite comprised of the following components: processes, reporting functions and general business support. With proven and established methodology, Investran Professional Services Investran – automates front, middle and back- can manage and implement changes in client office processes and covers the entire requirements and provide the needed expertise investment life cycle, from relationship to execute the growing needs of your business. management, reporting, monitoring and accounting to fund raising and deal pipeline Professional Services include: management. • System assessment/health check • Enhanced reporting Investran Data Exchange and Investran • Process automation and system integration Insight – a next generation investor portal, • User training providing interactive reporting, advanced • Upgrade support/services analytics and data visualization along with functionality for sharing documents with investors • Outsourcing services and internal and external stakeholders. Professional Services LP Managed Services – A complete, end-to-end ______managed service that transforms data from More than 200+ global private equity-focused disparate GP reports into a complete, detailed staff in key locations, including London, Dubai, view of the entire portfolio. The service includes Singapore, Hong Kong, Sydney, New York, document archival, cash flow recording, quarterly Miami and California. report processing, and dashboards with data visualizations that include performance and Awards exposure at the fund and underlying holding levels. ______Awarded Software Provider of the Year by Private Equity News for three consecutive years. (2010-2012, when awarded).
______Sanjay Tolani Jennifer Younts Head of Private Equity Europe, Sales Senior Marketing Manager
t: +44 208 081 2752 t: +1 646 445 8190 e: [email protected] e: [email protected]
23 Vantage Software Intelligent software for intelligent decisions Better. Faster. Now
About Analysis and research products ______Vantage Software offers state-of-the-art deal Coalesce™ management, investor relations and portfolio Intelligent Software for Investment Research analysis solutions to alternative investment Vantage Software has combined its private managers. Our clients include global investment equity know-how with IBM Watson’s state-of-the- firms that manage in excess of a trillion dollars. art computing to create Coalesce, a software tool that mines thousands of pages of information for Vantage Software delivers the “last mile” of investment managers to make faster, more critical information for investment teams, accurate decisions. management and investors. Through our partnership with IBM Watson, we have created a Coalesce instantly searches through market first-of-its-kind product that leverages intelligent intelligence, risk profile and financial performance computing for investment research, delivering data to provide support for better, faster lower risks and higher returns through better, decisions: faster analysis.
Our modular products can be implemented on a • For investment research and risk analysis standalone basis or as a suite, providing a highly • Powered by IBM Watson flexible and cost-effective software model. • Leaves no stone unturned in the diligence process Clients • Instantly mines thousands of pages of ______information for faster decisions Leading GP’s and LP’s in America, Europe and • Includes profile data on millions of global Asia have embraced Vantage’s solutions to companies and funds manage in excess of $1,000 billion dollars in • Uses natural language interface for ease-of- investment capital, ranging from start-up use and confident analysis. managers to global top 10 investment firms.
Key facts Core products ______IBM Watson Ecosystem Partner Coalesce™ – Intelligent Investment Research Leading tools for Investment Research, Vantage Insight™ – Performance Analysis Portal Performance Analytics and Investor Portals Vantage Deal Suite™ – Deal Management Solutions for General and Limited Partners Vantage Investor™ – Fundraising and Servicing Clients manage more than a trillion dollars Vantage Fund Accounting™ – Portfolio Accounting
24 www.vantage-software.com
Analysis products cont… Accounting products ______Vantage Insight™ Portal Vantage Investor™ Vantage Insight™ provides fund managers, Vantage Investor provides tools to effortlessly administrators and investors with a single market and service current and prospective repository to view front and back-office investors. Designed to support complete investor information on funds, investors, investments and lifecycle requirements or to integrate with and their performance. This leading portal is enhance outsourced administration resources, available in two configurations, for external Investor allows you to gain and retain the investor use, and for internal use by confidence of your clients through management, operations and investment teams: uncompromised investor relationship management and enhanced reporting. • An “on-line banking” experience for investors Vantage Fund Accounting™ • Centralized analysis and reporting across the enterprise The Fund Accounting and Reporting platform delivers comprehensive portfolio accounting, • Powerful performance reporting capability reporting and performance analysis for managers • Sophisticated, world-class interface with and administrators. Streamlined data capture, intuitive dashboards and charts accounting and multi-currency reporting are • Dynamic report creation in PDF or Excel designed specifically to support the unique requirements of high-volume investments in • Seamless integration with existing systems. partnerships, companies or both.
Vantage Deal Suite™ Seamless IT environment The Deal Suite provides unequaled support for ______investment lifecycle management. From due diligence to realization, it supports your firm’s Cloud Hosted or Installed fund and direct investment management Vantage offers its solutions hosted in a world- capabilities with intuitive deal tracking, portfolio class, secure data-center for a low cost, zero- company performance analysis, investment team maintenance, or installed in your environment workflow and document management tools. and supported by your IT team for a solution under your complete control.
Contacts ______Sales
t: +1 212 750 2256 e: [email protected] w: www.vantage-software.com
25 Vitech Systems Group, Inc. Software for Fund and Investment Administration
About Vitech V3 System for Investment Organizations ______Vitech Systems Group is a global provider of The V3 System is a state-of-the-industry business solutions to the private equity, hedge administration solution specifically designed to and alternative asset communities. Vitech meet the unique business needs of investment delivers solutions based on the V3 System, its and administration organizations including: proven and widely installed software application. Fund sponsors Fund administrators The V3 System is a fully browser-based, Transfer agency Java/Oracle, software application. The V3 Institutional investors System’s vast array of processing capabilities all exist in a single, fully integrated solution. This Family offices. also includes extensive enterprise capabilities V3 is a comprehensive, enterprise-class solution like Workflow, Imaging, Self-service, CRM, that offers a complete suite of capabilities in a Business Intelligence and more. single solution including: Fund Administration The system’s many features and capabilities can Transfer Agency Processing be used in any combination in a single Financial Accounting installation. This creates opportunities for system Portfolio Management consolidation and data de-duplication while potentially transforming your organization’s Investor Processing administrative capabilities and customer service Customer Service and Deal Flow Mgmt offerings. Investor and Management Reporting Performance Analytics Vitech is committed to excellence in both the Workflow Management quality of its service offerings and the superiority of the V3 System. Vitech continually strives to With the V3 System, your operations are built ensure that V3 remains the most comprehensive around defined, scalable, system-enabled best and flexible system available. practices. Furthermore, V3 allows you to process and maintain all of your transactional and non-transactional data across multiple fund types and classes in a single solution.
Key facts What can the V3 System deliver for you? ______750+ dedicated staff worldwide Best-practice operations 20+ years of experience Improved service levels 100+ clients Timely, high quality reporting Critical subject matter and domain expertise Straight through processing Organizational scalability An integrated, consolidated system
26 www.vitechinc.com
Who uses V3? V3 Technology ______The V3 System’s extensive capabilities and The V3 System is a contemporary technology Vitech’s global services team make V3 the solution that can be deployed as a traditional on- choice of the world’s leading alternative asset premise application or as a fully-hosted, cloud- organizations. These organizations include: based solution. The V3 System supports current Fund Sponsors releases of Internet Explorer, FireFox, Safari and Chrome. It runs on an Oracle database and V3 provides private equity, hedge and alternative supports both WebLogic and WebSphere asset fund sponsors with a complete front, application servers. middle, and back office solution. The system can be run simultaneously in multiple Fund-of-funds languages, multiple date formats, and multiple V3 addresses the unique and complex needs of numeric formats. Each user is able to select their Fund-of-Funds organizations including support language and formats. for both primary and secondary interests. Advanced features for tracking underlying Security investments allow for best-practice analytics. ______Third-party Administrators The V3 System employs a highly advanced V3’s administration and robust accounting security model that allows screens and data to be features make it a leading choice of TPAs. The secured at a very granular level. Security rights V3 System allows an administrator to confidently can be administered by user or role. V3 security manage any number of partnerships for any helps ensure that the right users see only the number of clients in a single V3 installation. right data. Transfer Agency V3 provides a full featured transfer agency The V3 System’s Audit trail features track platform for investment organizations to use for additions, changes, and deletions to system data their complete investor servicing activities. by all users. Audit reports provide extended Institutional Investors and Family Offices security and data confidence. V3 is the perfect choice for institutional investors and family offices looking to track a broad array of investments through one or more investment structures in a single system.
Contacts ______Hope Nawada Director of Investment Solutions
t: +1 212 868 0900 e: [email protected]
27 Baxon Solutions Leader in Portfolio Management for the Private Equity industry
About How Baxon PCMS works ______Baxon Portfolio Company Management Data collection System (PCMS) is a 100% cloud solution to Portfolio companies can update their financial streamline the collection of financial and and operating information directly and in real time monitoring information directly from portfolio through a secure internet connection. Portfolio companies, automating the portfolio monitoring companies are not required to modify their analysis, reporting and valuation processes. current reporting structure and the whole Based in London and founded in 2005, Baxon’s updating process is designed to be performed in client base is spread globally, ranging from Asia 5 minutes. Automatic reminders and approval to the Middle East, Europe and Latin America. In process workflows can be setup by GP system early January 2015 Preqin, the leading source of administrators. information for the alternative assets industry, Analysis and reporting and Baxon Solutions have formed a strategic GP users can create dynamic dashboards and partnership. This partnership includes Preqin reports with key indicators, graphs, traffic lights taking a significant minority stake in Baxon. and alerts which can printed or exported to PDF Baxon platform concentrates the reporting or Excel, from anywhere, at anytime. information for more than 1000 companies Excel spreadsheets can also be linked to the worldwide with clients exceeding $180 billion in Baxon PCMS database, allowing fast creation of assets under management. ad hoc reports and modelling. Collaboration and distribution Our solution Customizable profiles and levels of access allow ______GPs to share online reports, interactive Baxon PCMS is a truly 100% cloud application, scorecards and document libraries with external delivered as Software as a Service (SaaS), which stakeholders, such as LPs, banks, consultants or automates the entire portfolio reporting process, auditors. improving efficiency, consistency and Integration with other systems transparency, and providing a powerful analytic tools to finance and deal teams, turning static Baxon PCMS can be integrated through its API data into dynamic information, available 24x7 with any General Ledger or front office systems, from mobiles, iPads and any other devices. such as deal flow tracking, and CRM applications to allow seamless single sign on and bi-direction data flow.
Key facts Core services ______Focused in the EMEA Market since 2005 Financials, KPIs and covenants 100% cloud based – Software as a Service Valuation 50+ clients, 1200+ companies Full bidirectional integration with Excel. Global footprint: Clients in UK, Europe, Middle Portfolio aggregation for analysis and reporting East, Latin America, India and South East Asia. API to integrate with legacy systems and DW Preqin Partner Online integrated comparables
28 www.baxonsolutions.com
Benefits Key features ______Efficiency • Portfolio Monitoring: Financials, KPIs, Baxon PCMS streamlines the entire portfolio narrative, covenant tracking. reporting process, from the gathering of data • Valuations meeting EVCA, FAS 157, IPEV directly from portfolio companies, to printing, guidelines among others. exporting and distributing reports in one click. • Integrated comparables online. • Aggregation for portfolio level reporting Data quality and transparency with slice & dice capabilities. The increasing need for transparency demands a • Deal Flow Management. more reliable and consistent source of • File repository for archiving documentation. information from portfolio companies. Baxon PCMS offers specific features designed to • Mobile platform to access and modify key increase transparency in the reporting process information from any type of smartphones and grant consistency of data. and tablets. • Personal dashboards. Visibility of company performance • Complete traceability and audit trails. Leverage on our web based technology to • Sensitivity analysis. provide users with an interactive business • Live linked Excel. intelligence tool to create intuitive dashboards on the fly, drill down on metrics and use dynamic • Automatic reminder and approval graphs to understand trends, as well as powerful workflows. analytic features. • No need to install any software or add in to access or modify reports. Accessibility and collaboration • Fully and seamlessly integrated with all Access a timely single source of truth for all Legacy Systems. portfolio information, from anywhere at anytime, even from your mobile phone, and without the need to install any software.
Contacts ______Paula España Jorge Hansen Director Director
t: +44 203 207 0483 t: +44 203 207 0481 e: [email protected] e: [email protected]
29 About ClearFinancials® Solution ______ClearMomentum delivers the only one stop ClearFinancials® enables fund managers to reporting and analytics platform to today’s most coordinate their portfolio analysis, reporting, progressive private capital investors, boards and distribution and archiving directly from Microsoft limited partners. Excel®. Equipped with a redesigned toolbar and web portal, ClearFinancials® provides investors with a comprehensive tool developed to enhance By managing all collection and aggregation of reporting efficiency, collaboration and issuer financials, we provide more insight with transparency. less effort and zero burden on either the issuer or the investor. ClearMomentum is the only company that collects, validates and synthesizes Data Rooms complete private company financial statements to Eliminate email using the ClearFinancials® ensure the consistency and integrity of the Document Management system. This secure and information from start to finish. With that, our intuitive file sharing environment enables users to clients gain an ability to clearly evaluate each upload, download and share investment investment, fund, or total assets while eliminating documents directly from the Excel® toolbar or the shortcomings of templates and imposition of web portal. varied reporting requirements.
Portal Integration: By offering a variety of front end data collection Upload and download reports, dashboards and options and reporting technologies, documents to and from the ClearFinancials® web ClearMomentum eliminates the inefficiencies portal with the click of a button. involved with portfolio company reporting to transform loosely organized information into a powerful knowledge asset. That’s transparency, Enhanced Attribute Functionality that’s clarity, that’s ClearMomentum. Upload, store and retrieve attributes including investment data, exit scenarios and projections directly within Excel®
Key facts Analytics and reporting for: ______iPad Application Private Equity Excel® Add-In and Web-portal Venture Capital 2,000+ Portfolio Entities Reporting Mezzanine and Debt Providers Real Estate See more at www.clearmomentum.com Limited Partners
30 www.clearmomentum.com
ClearFinancials® Solution cont… Other initiatives ______Database Web Portal By compiling portfolio company investment Increase collaboration, transparency and data documents in a single data repository, investors accessibility with a web portal configured to your can build an invaluable information hub which team’s workflow. Permission rights and user- can be used to drive models and reports in defined data rooms enable users to securely Excel®, data grids in the web portal and distribute reports, source documents and slide commentary sections in the iPhone and iPad decks to LPs, deal team members, valuation applications. providers and legal teams. Toggle through data grids, dashboards and dynamic charts to create the data view that serves you best. Need to make Excel® Add-In changes? Export any chart to Excel® with the Linked directly to the database, web portal and click of a button. mobile application, the ClearFinancials® Excel® Add-In serves as the key driver in portfolio Mobile analysis, reporting and document distribution. Available for the iPad in the App Store, the Drag and drop technology enables users to pull ClearMomentum mobile application places any data point from the database directly into company-specific metrics in the palm of your their models and worksheets to populate analytic, hand anytime, anywhere. Create multiple metric valuation or performance appraisal models. groups and scroll through EBITDA, revenue, cash and OPEX to drill through granular portfolio detail in real time. Leveraging the iPad’s screen size, users can also add and edit up to 10 commentary sections that instantaneously read and write to the database.
Disaster Recovery With three different server locations including an underground military bunker built with 4-concrete walls, ClearMomentum provides complete assurance that data security and customer service are never compromised.
Contacts ______Jim Cannon Dan Piehler Senior VP, Sales Marketing Manager
t: +1 585 393 1734 x205 t: 1 585 393 1734 x209 m: +1 315 374 2330 m: 1 585 313 7106 e: [email protected] e: [email protected]
31 iLEVEL The industry’s leading solution for automated collection and advanced analytics of private capital
About Our Solution ______iLEVEL is a SaaS based technology company With iLEVEL, you can leverage: that provides data reporting and monitoring • Workflow-driven Data Collection for fund solutions to the private capital market, an performance and individual portfolio industry with more than $6 trillion in assets under companies management and growing. • Cash Transaction Management for The iLEVEL Private Capital Data Platform is transactional data and IRR calculations built specifically to help private capital market • Analytics and Reporting across managers, participants take control of portfolio data and funds and portfolio companies for enable increased allocation of capital to performance, valuation and exposure alternatives. measurement • An Integrated Document Library to Fund Managers on iLEVEL can automate the manage and catalog the files associated with data collection process and conduct advanced a specific investment, portfolio or fund data analytics. In doing so, they can better • One Cloud-based Database, many optimize portfolio performance, demonstrate configurable portfolio monitoring and cash value creation, reduce the cost and complexity of transaction management reports available. regulatory compliance, more quickly run valuations and meet the increased demands for Direct Integration with Excel investor reporting. iLEVEL recognizes the importance and value of Excel to investment professionals as an integral Institutional Investors on iLEVEL benefit from a reporting and analytics tool. With iLEVEL’s powerful tool that monitors fund and holding-level unique Excel Add-In, users can take advantage performance data, tracks capital calls and of formula wizards, and iGet™ and iPut™ distributions, calculates IRRs on the fly and functionality to access data from – and publish performs cross-fund analytics. The platform helps data to – the iLEVEL database. institutional investors attain greater transparency • Quickly populate and update spreadsheets in their alternative asset investments by enabling and reports them to receive information from fund managers in the format they want - and leverage it for • Audit data with robust click-through Data analysis and reporting directly in Excel or through Trace functionality iLEVEL's web portal and iPad app. • Take advantage of an easy-to-use Formula Wizard for fast, direct access to data.
Key facts Core services ______The iLEVEL Private Capital Data Platform hosts Private Capital Data Platform that takes data over 1 billion data points for 7,000 funds invested collection, investment analysis and performance in over 50,000 assets. reporting to a whole new level for: To arrange a demo and learn how you can control - Fund Managers your data and realize the results: - Institutional Investors [email protected] / +1 646 746 1100
32 www.ilevelsolutions.com
Our Solution cont… Solution Benefits ______Web Analytics Portal Benefits to Fund Managers A configurable web analytics portal accessible • Automated Data Collection – Streamlined through a browser enables users to visualize data collection across the portfolio into a fund and portfolio company performance through central repository that serves as a single a wide variety of graphical charts and interactive source of truth data grids. • Cross-Portfolio Analytics – Track investment • Dashboards – Configurable portal pages for performance with real-time, standardized portfolio-wide, fund and individual investment reporting on the web, in Excel models or on reporting an iPad • Data Grids – Configurable “Excel-like” data • Valuation – Populate existing Excel-based or grids to present user-defined metrics other valuation models with better, more • Metrics Management – Tool for managing timely data portfolio-wide metrics or investment-specific KPIs • Reporting – Share actionable insights with • A Document Library – Catalog and manage investors in any format. documents and files related to portfolio data. Benefits to Institutional Investors iLEVEL Mobile • Access – Receive information from Fund iLEVEL Mobile is a pioneering application with a Managers in the actionable format customizable dashboard that enables users to • Cross-Fund Analytics – View performance securely monitor fund performance, underlying across many fund managers, funds or assets portfolio companies and cash transactions from in any format from anywhere – the web, in an iPad. iLEVEL Mobile is a separately-licensed Excel models or on an iPad application available through the App Store. • Native iPad App – View Portfolio, Fund and • Holding-Level Data – Plug private capital Individual Asset Information financial and operational data into portfolio • Client-configurable Pages – Utilize iLEVEL and risk modeling tools Portal to configure custom views or create a • Fund-to-Investor Cash Transaction personalized app on-demand Management – Track and aggregate capital • Unique “disconnected” Mode – cache calls and distributions and calculate IRRs on dashboard views for offline viewing. the fly.
Contacts ______Michael Sala iLEVEL VP of Client Development Two Penn Plaza - 4th Floor New York, NY 10121 USA t: New York: +1 646 746 1073 t: New York: +1 646 746 1100 e: msala@ilevelsolutions,com e: [email protected]
33 TopQ For the calculation, analysis, and communication of private equity performance data
About TopQ Key Features ______TopQ is a web-based solution that makes the TopQ provides fund managers and investors with creation, distribution, and analysis of private the necessary tools to improve their manager equity track records more efficient, accurate, and due diligence, fundraising, and/or portfolio meaningful for both fund managers and monitoring processes. investors. Track Record Creation Founded in 2013, TopQ aims to improve the way By uploading cash flows into TopQ, an accurate the industry works: why should a $3.5 trillion track record can be created in seconds, freeing industry have to rely on spreadsheets? up time and resource and ensuring an unparalleled and consistent level of accuracy. Spreadsheets, while powerful, are generalist tools not specifically designed for calculating Performance Analysis private equity performance. Consequently, the Analyze performance with a suite of configurable process is time consuming, prone to human and customizable tools to compare various error, and resource intensive. aspects of track records. Using TopQ to slice and dice data in real-time, you can look past the headline numbers and uncover the true drivers of With TopQ, performance metrics are value. automatically calculated and users are supplied with a suite of customizable performance analysis tools, saving you valuable time and Public Market Equivalent Analysis improving the accuracy and consistency of Find out the relative performance of your private performance analysis to help you make more equity investments by comparing returns to over informed decisions. 200,000 public market indices using a variety of calculation methodologies. Visit our website and watch our product videos to see TopQ in action – www.topquartile.com Portfolio Modelling Adjust NAVs, TVPI, and/or exit date to model out unrealized investments in your portfolio quickly and accurately to determine future performance.
Key facts Clients ______- A mobile device friendly, web-based solution. TopQ is used by fund managers and investors - An annual subscription service with a flexible globally who in aggregate manage over $75 pricing structure. billion of private equity investments. - Created by a team with over 40 years’ collective experience in private equity. Clients include leading European and US private equity fund managers, pension funds, fund of funds, and institutional investors.
34 www.topquartile.com
Key Features cont… Benefits ______Secure Sharing For Fund Managers Fund managers can share their track record For Fundraising and Portfolio Monitoring securely with selected investors via TopQ, giving • Efficiently create an accurate track record access to an accurate and interactive and gain insight into your own performance. performance report. • Provide investors with a visually-rich track record by sharing it securely and privately. Flexible Reporting • Quickly and easily facilitate reporting and Once analysis has been performed, it can be story creation with TopQ’s widget capture exported in a variety of formats via the standard functionality. or custom reporting functionality, ready to be • Model out unrealized investments to included in your own documents. determine future performance.
Any Device, Anywhere For Investors With no downloads or installations required, For Due Diligence and Portfolio Monitoring TopQ can be accessed from desktops, laptops, and mobile devices. • Improve your due diligence process by using TopQ’s suite of configurable and customizable tools to compare and analyze track records. • Make performance analysis more efficient by slicing and dicing data in real-time. • Gain insight into the current performance of your investments, and quickly and easily model out future performance. • Spend less time preparing analysis and more time performing analysis.
Contacts ______Graham Paterson Drake Paulson Co-founder, Edinburgh Co-founder, Boston
t: +44 131 564 0774 t: +1 7814 280 721 e: [email protected] e: [email protected]
35 About ______The Investment Manager Services division of SEI Experience. SEI’s dedicated private equity team is a leading independent provider of business has extensive experience with different fund operating solutions to investment management structures and investor types. This knowledge organizations worldwide. Our clients manage allows SEI to smoothly convert complex global offerings that span the investment structures, integrate them into existing platforms management industry, including private equity and technologies, and offer specialized reporting. investments, hedge funds, regulated investment SEI aids with regulatory requirements, while vehicles, separately managed accounts and looking ahead for future changes. institutional accounts. Technology. SEI’s automated technology SEI offers a flexible private equity solution that eliminates spreadsheets, expensive conversions provides comprehensive accounting, and upgrades, and turns raw data into business administration, investor servicing and tax support intelligence to help keep investors better services for both U.S. and offshore private equity informed. Our straight-through operating model fund structures. We have the expertise to support offers a comprehensive view of fund data and the specific needs of your funds, allowing you to automated reports. SEI’s capabilities allow for focus where your expertise lies − in raising and faster turn-around of information, more efficient managing capital. data use, and easy queries and calculations. SEI provides a full outsourced solution, including Scalable Infrastructure. SEI’s fully scalable accounting and administration, waterfall and IRR integrated infrastructure can be customized to calculation, investor servicing, customized meet each client’s individual needs. SEI’s quarterly reporting, treasury services and more. platform quickly expands for new funds, Our comprehensive services enable you to: structures, or investments. SEI allows clients to be more nimble in the market and opens future Increase the level of transparency into your growth while also containing costs. business Controlled and Process Driven. SEI recognizes Replace Excel and manual processes with how important a third party’s reputation is in automated technology solutions today’s market. SEI undergoes annual SOC 1 Gain enhanced financial reporting data and Type II certification examinations under SSAE 16 analytic tools to provide sophisticated reports guidelines, and disaster recovery and business to your investors. continuity plan testing. Having SEI as a strategic partner helps to maintain focus on risk mitigation.
Key facts Private Equity core services ______Founded in 1968 SEI offers the following comprehensive services Traded on NASDAQ (SEIC) for both U.S. and offshore private equity and fund of funds managers: $529 billion in Assets under Administration as of September 30, 2013 Accounting, Administration, Treasury, Reporting, Waterfall/carry calculations, Custody, Capital call, Headquartered in Oaks, Pennsylvania General Partner services, and Limited Partner 2,700+ employees services. 100+ assignments for
36 www.seic.com/ims
Services Key Differentiators ______Accounting & Administration: Full Service Offering Enhanced independent primary pricing valuation SEI supports all phases of the private equity life Track investor commitments, capital calls and cycle including fund raising, investing, harvesting, distributions; process transfers/assignments and liquidation. Our overall solution offers Maintain subsequent close records and calculate multiple services to both GPs and LPs. SEI has closing interest charges the expertise to support the specific needs of a Establish investor allocation rules and maintain private equity manager’s funds allowing the capital accounts manager to focus on its core competencies of Calculate management fee and carried interest raising and managing capital. Review and process investment valuations Workflow Maintain fund’s audit package, liaise with auditors and coordinate audit timetables SEI’s workflow and document management tool Calculate performance returns at investor, is built on a flexible architecture, and is product and investment level customized for the needs and processes of both SEI and its clients. This enables a more real Tax (support for U.S. partnerships): time, structured, and ultimately paperless, Partner demographics and account information in business process environment that is designed to electronic format create new levels of efficiency and accuracy by Detailed portfolio investment transactions and automating tasks and increasing control. year-end holdings in electronic format K-1s received from underlying funds Manager Dashboard Reporting: SEI’s Manager Dashboard is a secure, web- Establish reporting requirements with client based platform, linked with our sophisticated Quarterly reporting of fund/investor interests workflow application, designed to promote Prepare financial statements and footnotes for transparency, improve communications, and annual audit strengthen compliance. This portal delivers and Electronic document management and workflow presents critical fund information in a customizable, flexible, easy-to-interpret manner. Treasury: The portal provides them with transparent Bank account maintenance and reconciliations aggregate views of their data across multiple Direct disbursements to investments product lines from fund level to investment detail Process wire transfers to investors via the web. Pay expense invoices
Contacts ______James Cass Jay Cipriano Senior Vice President and Managing Director, National Sales Director, Investment Manager Services Investment Manager Services
t: +1 610 676 1270 t: +1 610 676 1230 e: [email protected] e: [email protected] Additional lines Additional lines
37 SS&C GlobeOp Fund Services Leading provider of fund administration services and advanced software solutions for the private equity industry
About Services ______SS&C GlobeOp’s private equity fund SS&C GlobeOp’s fund administration services administration services include client allow clients to choose the services they need implementation, fund and partnership accounting, and their preferred method of delivery. Service is capital call/distribution management, investor maximised by designating an experienced team tracking and investor relations support, tax of professionals to each client to ensure all needs support, management and financial reporting and are met and exceeded. Our team approach waterfall administration. guarantees clear communication among all SS&C GlobeOp’s TNR Solution™ provides the SS&C GlobeOp's resources, providing each private equity industry with core general ledger client with the highest level of customized and accounting tools as well as advanced CRM, technology and service. deal tracking and portfolio management capabilities. It also forms an industry unique, Accounting Services shared-database solution when combined with • Investment and general ledger transactions our fund administration services. This allows • Financial statements and capital account clients who choose to only avail our private statements equity fund administration services, full • Capital calls and distributions transparency into our workflow with the added • Investor allocations, including waterfall benefit of utilising the front-office modules of the calculations TNR platform. • Investment valuations and underlying fund SS&C GlobeOp clients include: reports • Prepare performance calculations ______• Coordinate annual audit of the funds. • Buyout, Venture and corporate VCs • Fund of funds Compliance Services • Institutional investors (LPs) • Form PF • Family offices • AIFMD reporting • Real estate • FATCA reporting • Placement agents, advisors, service • Document retention providers • Investor correspondence storage. • Mezzanine funds.
Key facts SS&C GlobeOp fund admin services ______4,600+ employees Client implementation services 6,900+ clients Fund and partnership accounting 57 offices around the world Capital call/distribution management $625+bn assets under administration Investor tracking and investor relations support 7,000+ funds Tax support services Management and financial reporting
38 www.ssctech.com
Services cont… Fund administration highlights ______Administrative Services • Top 5 global fund administrator ($AUA) • Maintain investor databases and perform • Highly experienced and knowledgeable staff annual mailing to update all information • 600+ fund accounting professionals • Perform all follow-up required for defaulting investors • High staff retention • Scan all documentation for management and • Ability to independently value all security disaster recovery purposes types including derivatives • Process all investor mailings, capital calls, • SOC1 and ISAE 3402 Type 2 report distributions, tax estimates and K-1s • Strong and scalable processing infrastructure • Setup and maintain online general and and processing systems investor-specific reporting. • Many notable clients (strong references) with a broad exposure to all security types, Treasury Services strategies and fund structures • Open and administer bank accounts • Multiple processing centers with physical • Prepare bank and stock reconciliations expansion capabilities and ability to recruit • Track distributions and proceeds qualified staff • Process wire transfers and distribution checks • Multiple software and services options – SaaS, in-house or full outsourcing (BPO). • Purchase foreign currency and perform foreign currency transactions • Arrange for safeguarding of securities. “The client service we receive from your team has been outstanding. When our managing Tax Services general partner has a question, I know I can • Prepare all necessary entity tax filings and quickly get the correct answer from my SS&C GlobeOp team, they are very responsive and K-1s • Provide quarterly and year-end tax estimates we are very confident that our administrative needs are being handled. It is going to be our • Reconcile GAAP and tax reporting pleasure to continue working with your team on • Obtain and maintain W-8BEN, W-9 and our new fund.” • W-8IMY forms, as appropriate. Horizon Asset Management
Contacts ______Fred Jacobs Punit Satsangi Managing Director, Global Sales Managing Director, EMEA Sales
t: +1 646 213 7104 t: +44 20 3310 3304 e: [email protected] e: [email protected]
39 4vco Limited The leading provider of independent consultancy services to private equity operations
About Services ______4vco is a London-based consultancy with a 100% Our assignments cover the full project life cycle focus upon private equity operations. from strategic advice, through product selection, Founded in 2002, 4vco has a core team of four implementation and post-implementation consultants with over 50 years of combined operational support. experience in private equity. We are the number one provider of independent Strategic advice advice and support to this niche market Aimed at clients that are interested in exploring throughout the UK and Europe. We are proud of their options, 4vco is able to deliver a precise and our independence and ensure that all consulting efficient insight into the current marketplace for revenue is sourced from the ‘buy-side’ with no private equity systems and services. introductory fees or other incentives. Our extensive experience and knowledge All fees are based on time and expenses. enables us to quickly understand business needs and, using a library of materials, we can deliver a Clients tailored service to position our clients on a fast ______track to delivering improvements. 4vco has worked on 150+ engagements with Above all, we deliver a proven methodology that over 100 private equity organisations. allows our clients to manage expectations from day one. One in four engagements is outside of the UK - client assignments have been undertaken in Scandinavia, Europe, the Middle East, the Far Software/service selection East, Africa and the Americas. One of our core services, we have helped many Our clients range in size from small to very large private equity houses through our structured and cover a wide range of business models selection process which is designed to put key including: venture capital, buyouts, facts and information ‘on the table’ so that clients infrastructure, funds of funds, secondaries, can make an informed decision with confidence. limited partners, pension funds, family offices, Our standard approach is template-driven for advisors and fund administrators. efficiency and includes request for information, product demonstrations, supplier workshops, client reference calls and contract negotiation.
Key facts Core services ______3 full-time consultants plus associates Systems strategy and reviews 150+ assignments Vendor selection 100+ clients Project management 16 countries Continuous improvement Market news and analysis
40 www.4vco.com
Services cont… PESS Services ______Client preparation Launched in 2009, our PESS services provide There are a number of important tasks that feed facts, news and access to the major private into the selection process and help to prepare equity software and service providers through our clients for a successful implementation. web portal and showcase events. 4vco can assist with: current state analysis, historic data migration, operational roles and PESS Events responsibilities, technical considerations, reports The PESS Showcase events are hosted annually definition and project and permanent recruitment. by 4vco in London and New York. Free to delegates, the events bring together software Implementation support and service providers and key decision makers from private equity organisations, to meet and The client’s chosen supplier will have an discuss market developments and related topics. established methodology and will work closely with the client to deliver the desired benefits. The level of client input to the process can easily PESS Newsletter be underestimated and 4vco consultants provide 4vco has closely followed the evolution of private the experience and skills to bridge that gap. equity systems and services over the last 12 Our consultants assist at all levels from project years and continues to monitor and report the supervision through project management to latest developments through its portal website specific tasks such as managing data migration. and monthly newsletter which is distributed to In all cases, a tailored approach is designed to over 6,000 private equity professionals. ensure the optimum mix of internal and external resourcing. PESS Directory The PESS Directory provides profiles of 30+ Post-implementation proven private equity suppliers, with details of 4vco advises on best practice for system products, services, clients, contacts and other ownership and ongoing management. Our useful company details. healthcheck service has proven very effective in enabling clients to maintain and increase benefits All information is available free and online at through proactive system management. www.pessnet.com
Contacts ______Tony Piper Paul Thompson Director Senior Consultant
t: +44 20 7785 6999 t: +44 20 7785 6999 m: +44 7775 947 901 m: +44 7977 490 917 e: [email protected] e: [email protected]
41 Lionpoint Group A globally recognized advisory firm with a unique focus on the alternative investments industry
About Lionpoint Group Lionpoint Differentiators ______Lionpoint Group is a global advisory firm with a Lionpoint Group provides strategy, operations unique focus on the alternative investments and technology advisory services to global industry. Our business model combines the managers of and investors in alternative assets, talents of industry leaders and experts in service including private equity and real estate fund delivery to assist clients in achieving operational managers, fund of funds managers, and advisors efficiencies and excellence through structure, as well as sovereigns, pension funds, process and technology. We provide project- endowments, trusts and family offices. Our model based services in several key areas including is to work as an extension of your team and business consulting, technology solutions, and transfer knowledge and expertise at every stage end-to-end operational improvement. Most of the engagement. importantly, our clients continue to invite us back to help them solve new and challenging issues. With a niche focus on Alternative Investments and deep capabilities tailored for front to back office operations, Lionpoint Group is best Clients positioned to serve managers and investors ______across alternative asset classes. Our team members are trained to provide a unique 360⁰ Lionpoint Group has extensive experience perspective of alternative investment working with global managers of and investors in management with a deep understanding of both a wide variety of alternative assets. We have business operations and enabling technologies. worked with clients in the US, UK, Europe, Middle East and Australia. Our team of professionals have extensive industry and product experience across front, Our client base is broad and includes managers middle and back office operations. We partner in Private Equity, Real Estate and Infrastructure closely with our clients and transfer knowledge to as well as Sovereign Wealth Funds, Pensions, the project team helping ensure an effective Endowments, Trusts, Family Offices, advisors handover and ongoing success with the new and administrators. operating model.
Key Facts Lionpoint Group at a Glance ______Global Company, Local Focus Strategic Advisory and Roadmap Development Deep Industry Expertise from Front to Back Office Operations Transformation Hands-on Domain Knowledge in Private Equity, Systems Integration and Implementation Real Estate and Infrastructure Portfolio Monitoring, Compliance and Reporting 20+ consultants in US and UK/Europe Business Intelligence and Data Visualization We challenge the Status Quo
42 www.lionpointgroup.com
Our Core Services ______Strategic Advisory & Roadmap Development Business Intelligence and Data Visualization We believe that developing a successful growth At Lionpoint Group we help clients manage their platform or conducting a successful data and turn it into usable information. This transformation comes from developing core often starts with development of a data guiding principles that align with the governance program and evolves to become a organization’s strategic plan. Successfully visible and reliable asset to the organization – developing and executing a thoughtful system Data, Information, Knowledge and finally Insight. diagnostic analysis or IT strategy requires an experienced, diligent team of experts. Application Expertise ______Operations Transformation Portfolio Accounting, Management & Once a clear strategic plan is agreed, it is Reporting (front to back office) imperative to transform the operations of the eFront FrontInvest suite organization to eliminate redundancies, SunGard Investran suite implement a consistent operating model, bring data ‘on platform’ and ensure all employees are Yardi Investment Management adequately trained and provided the right tools for success. Portfolio Monitoring and Reporting Argus Enterprise AssetEye Systems Integration and Implementation Baxon PCMS iLEVEL A critical part of any business transformation is Peracon Voyanta the selection and implementation of enabling technologies that can both support the target CRM/Dealflow/Fundraising/Investor Reporting state business operating model and also work App-X Intralinks well together to enable data transitions from one FundEngine Netage Dynamo business process or function to the next. In some cases a System Proof of Concept will be undertaken as part of the final selection process. Follow Lionpoint Group: https://twitter.com/LionpointGroup https://www.linkedin.com/company/5367750
Contacts ______North America: EMEA & Australia: Jim Carr, Executive Director Nick Moore, Executive Director
t: +1 (949) 275-6878 t: +41 (79) 484-9761 e: [email protected] e: [email protected] w: www.lionpointgroup.com w: www.lionpointgroup.com
43 SteelBridge Consulting We simplify change exclusively for the alternative investment industry
About SteelBridge Consulting SteelBridge Difference ______SteelBridge is a boutique fund advisory services At SteelBridge, our resources work relentlessly to firm with expertise in alternative investments. We provide exemplary services for our clients. We have a passion for helping our clients identify and look at challenges top-down and bottom-up: affect change to improve process and technology • Senior Leadership – We actively involve for more effective organizations. senior team members in all project phases and deliverables Consulting Services • ROI – We align business strategy, market Our consulting service thought-leaders partner conditions and technology with investment with your team to help forward-thinking firms objectives to enhance overall stakeholder achieve business goals. We build the process return on investment framework to help you tackle your most urgent • Aligned Goals – We link our success with business needs, and streamline and organize yours by creating milestone-driven information flow by providing customized partnerships solutions that deliver significant value for our • Ownership – We approach your business as clients. our own, across every area of your organization Capital Advisory Our capital advisor experts work relentlessly to SteelBridge Reputation foster institutional-quality relationships between ______investors and investment managers. We provide a full array of capital services, marketing advice SteelBridge has built a reputation as a boutique and strategic guidance to make the time- service provider with global capabilities. Our consuming, data-intensive processes of ability to deliver long-term value has resulted in fundraising more streamlined. From emerging rapid growth, making us award winning: investment managers to established multi-fund • Inc. 5000 list of the fastest-growing private firms, we have the tried-and-true methodologies companies in America and depth of experience to match you with the • 8×8 fastest-growing small businesses best investors for your funds.
SteelBridge Consulting Services SteelBridge Capital Advisory Services ______Software Selection and Implementation Fundraising Strategic Planning and Change Fund Marketing Operational Re-Engineering Investor Relations Project Management Portfolio Company Review
44 www.steelbridgeconsulting.com
SteelBridge Consulting Services SteelBridge Capital Advisory ______Software Selection and Implementation Donec in est vel sapien We have strong relationships with leading Fundraising1 software vendors, and our knowledge and We assist clients in building and implementing a experience with each of the products provides fundraising plan for successfully advancing a clients with a unique understanding of what fund’s launch. We specialize in introducing solution works best for them. prospects to cornerstone investors to gain traction and help create a balance of inbound Strategic Planning and Change versus outbound marketing. We assist with scheduling meetings and coordination of We understand the complexity involved in responses to investor due diligence formulating an effective long-term plan. We questionnaires and inquires. implement the appropriate process to ensure that the needs of all stakeholders are satisfied while maintaining focus on organizational goals. Fundraising Marketing We have extensive fund marketing experience and work with client investor relations teams to Operational Re-Engineering produce industry leading marketing materials. We provide extensive guidance in executing these process-intensive projects, affecting Investor Relations change across people, platforms, and technologies. Significant investment is required We provide comprehensive investor relations to navigate these complex engagements, and our guidance, processes, and solutions that support professionals have successfully delivered investors’ needs throughout the entire fund services spanning the full project lifecycle. lifecycle, from fund kickoff to final distribution.
Portfolio Company Review Project Management We work with our clients to implement processes Clients have called upon us to lead projects and to gather accurate and timely portfolio company plan, organize, and execute necessary information allowing them to make informed administration. We work with clients to optimize investment decisions. project resources and achieve overall project 1Securities transactions are conducted through RiverRock success. Securities, LLC, Member FINRA/SIPC. RiverRock Securities,
Contacts ______James M. Haluszczak, Managing Partner Todd G. Haring, Consulting Services t: +1 646.737.7960 x1001 t: +1 646.737.7960 x1002 e: [email protected] e: [email protected] Timothy A. Haluszczak, Capital Advisory t: +1 646.737.7960 x1006 e: [email protected]
45 Lexis® InterAction® Transforming scattered data into relationship intelligence for the private equity sector
About Global implementation at 3i ______Understanding relationship intelligence and its Prior to its rollout of InterAction in 2003, 3i users benefits lacked ownership of data on the system and only A private equity firm’s most valuable asset is its the names and addresses of contacts were relationships and the ability to leverage these recorded. As 3i’s key contacts tend to be relationships to effectively raise funds and relationships with intermediary firms, other evaluate prospective investments. investors and FTSE chairmen who are partners rather than customers. These relationships Successful firms know this and that is why over cannot be graded according to widgets sold, 35 leading private equity firms around the world number of new customers, sales, or how fast use InterAction to help them leverage somebody pays their bill etc. relationships, raise funds, manage portfolio companies and make sound investment decisions. Alison Craven, CRM Manager, 3i explains: “The challenge for us was not having a clear idea as to InterAction gives partners the right information, the type of solution we needed. It was not until when and where they need it by aggregating we spent time researching that we realised we scattered data about companies, their were in need of an intuitive relationship rather management teams, and their vast network of than sales based CRM solution that could be relationships with entrepreneurs, limited partners, configured to our specific business requirements. colleagues, industry advisors and other important It was clear to us that InterAction stood apart contacts. from competitive products in terms of Transforming scattered data into this functionality and ultimately the benefits it could Relationship Intelligence arms investment provide a professional services firm.” managers and investor relations teams with the crucial information they need to compete in the competitive deal-making marketplace. Implementing InterAction Individual teams use InterAction in many different ways with the firm collectively using it as a repository for relationship intelligence and to log their business activities. Investment teams use it to track deal origination efforts, the Compliance Team use it to check for updates against the Datanomics database (for PEPs, etc.), the
Key facts Product features ______55% of Top 100 UK law firms Access client information anywhere with 75% of Global 100 law firms InterAction Mobility, new for 2013 74% of Amlaw 100 law firms Deal Pipeline Management Data Quality and Change Management tools Indispensible ‘Who Knows Whom’ feature Full integration with Microsoft Outlook Product selection and implementation
46 www.lexisnexis.co.uk/enterprisesolutions
Global implementation at 3i cont… ______Procurement Team use it to look at relationships Results with global suppliers, the Marketing Team use it Alison Craven explains: “Since we use to gain knowledge about the ratios of the firm’s InterAction to record all our activities with target various audiences and the Digital Team use it to investee companies, we avoid duplication of work check that the firm is not sending excessive and different teams in different locations are able communications to any specific individuals. to collaborate. Knowing that relationships exist InterAction hasn’t changed the way 3i helps us get that all-important introduction to a approaches contacts, but has assisted in potential deal. Our Marketing teams are able to enriching the firm’s collective knowledge about its avoid over communicating to any specific contact universe, improving relationship contacts and ensure that everything that we do management tracking, and in making the firm’s communicate is relevant. Ongoing reviews of marketing communications more targeted. mailing lists ensure that we always hit the right InterAction was rolled out globally all at once and audiences in the shortest time.” is used in every single office as a standard The firm has a CRM strategy for the next 3 years component of the 3i desktop. Alison Craven in which InterAction features heavily. Part of the says: “It was implemented very easily and hasn’t new strategy is to form a CRM Steering caused any major problems since. We rolled committee, which will see investment teams InterAction out initially in 2003 and have had becoming more directly involved. A CRM area on three upgrades since. It is fully integrated with the 3i portal will make CRM activities much more each of our investment systems, and our visible putting relationship intelligence at the knowledge management system. The fact that it heart of all the firm’s activities. is fully accessible from Outlook, and also from Blackberry, is a big win for our busy executives. Other financial services clients Reports from InterAction on activity with targets ______and intermediary firms are a regular feature of Terra Firma, Silverfleet Capital Partners, the weekly team meetings.” Inflexion Private Equity, Phoenix, Gresham, Apax, Catalyst Corporate Finance, Cinven, Montagu, Bowmark, Graphite, WHEB Partners, August Equity, CBPE, Evercore, OC&C Strategy Consultants, Quayle Munro, Vision Capital and Triton.
Contacts ______Peter Zeun Business Development Manager
m: +44 792 020 2476 e: [email protected]
47 Netage Solutions, Inc. A leading provider of industry-proven solutions to private equity, venture capital, real estate, and alternative investment firms
About Products ______Netage Solutions was founded in 1998 to provide Dynamo™ is an open architecture application industry-specific solutions for alternative asset specifically built for the private equity industry, investors and allocators. Profitable and privately and easily configured to user preferences. Out of owned since inception, Netage has over 60 full the box, the Cloud platform features industry- time employees in offices in Boston, Chicago and specific capabilities for private equity fund throughout Europe. operations, and integrates seamlessly with the Microsoft Office® Suite, Adobe® documents, and third party data feeds. Netage’s products and services are tailored specifically for the private equity industry, with highly configurable features for fundraising, deal Key value points for PE/VC firms: management, portfolio management, partnership • Target and track investors through the accounting, and investor reporting. Our flagship fundraising pipeline. cloud platform Dynamo™ has benefited from over 17 years of client-driven improvements, and • Manage your deal pipeline from lead to seamlessly integrates with both the tools you investment or turndown. use, and the ways that you work as an alternative • Maximize referrals and identify your most assets professional. profitable deal sources. • Track portfolio company financials (e.g. Clients revenue, EBITA, etc.) and valuations. ______• Streamline the generation of quarterly reports Netage is a trusted vendor to more than 300 and distributions through partnership leading alternative asset managers worldwide, accounting. including over 150 PE/VC firms. Collectively, our • Go “hands off” with investor reporting through clients manage more than $750 billion in assets an integrated Investor Portal to give your and represent over 30 countries. investors 24/7 access to their account information. • Mobile access and offline mobile access.
Software applications Dynamo™ advantages ______Fundraising & Marketing Industry-specific functionality and reporting Deal Management Tailored user experience Portfolio Management Seamless MS Office® integration Investor Relationship Management (CRM) Regular updates with client-driven enhancements Partnership Accounting Dedicated expert service and support Online Investor Reporting Established use by over 150 PE/VC firms
48 www.NetageSolutions.com
Products cont… Why Dynamo™? ______Dynamo™ delivers an interactive user Designed for Your Industry – Dynamo™ was experience that uniquely combines the best of built for private equity firms, and delivers rich, both web and desktop applications. Seventeen industry-specific functionality immediately. The years of development invested on enhancing the result of fifteen years of development and regular Dynamo™ platform ensures the application client-driven updates, Dynamo™ is an meets your front and middle-office needs while application built for the private equity industry, configurability ensures continuity of your existing and a platform that will help you stay current with workflow. technological and industry changes.
DynaMobile™ – A mobile app that extend Accessible Anywhere – Dynamo™ is a web- Dynamo’s™ capabilities to your preferred based application, and supports access to your smartphones and tablets, allowing global access business critical information through a suite of to business-critical information. Users can look mobile apps for your phone or tablet in additon to up profiles and contact info, view and add laptop, PC, or Mac. activities, log calls and e-mails, map addresses, generate Dynamo™reports, download/view documents, and more. Integrated with Outlook® – Dynamo™ tightly integrates with MS Outlook® for ease of use and adoption. You can capture inbound emails (e.g. Dynamo™ Investor Portal – An integrated LP deals from investment bankers) with a single reporting system for providing secure, 24/7 click. Additionally, a “first degree of separation” access to current and prospective investors, from feature enables intelligent linking to other documents to live financials. This portal affords Dynamo™ records for added context and ease. extended branding, and provides advanced security features (e.g. watermarking, copy/print disabling, etc.) needed to safeguard sensitive Expert Service and Support – Netage clients records. Documents and information can also be receive personal, responsive service from a published directly from Dynamo™ to the portal, dedicated team with deep industry knowledge. generating significant time and cost savings, or Whether you call, e-mail, or post to our online you can collect documents from investors helpdesk, you will interact with support staff that through the portal for intelligent storage, and understand your business, and can offer best managing FATCA compliance. practices to optimize your Dynamo™ experience.
Contacts ______Kelly McGough Richard Rapacki VP of Private Equity Sales Regional Sales Manager
t: +1 617 393 3801 t: +1 617 321 2050 f: +1 617 393 2371 f: +1 617 393 2371 e: kelly(at)netagesolutions(dot)com e: richard(at)netagesolutions(dot)com
49 Touchstone CRM A leading provider of CRM solutions to the private equity sector
About Touchstone CRM Front office / CRM Solutions ______TouchstoneCRM is the smarter alternative to Range from the provision of a base CRM system traditional CRM consultancy. Everything we do is to allow a single view and tracking of all designed to make sure you get the full value from organisations, contacts, activities and your CRM investment – from better customer documents; through to full deal flow, investor relationships to the insight you need to take your relations and event management solutions. firm forward. Our market-leading expertise and unique methodology have seen us deliver more Our solution – CRM + PE Template than 500 successful projects across multiple industry sectors. With clients ranging from private ______equity firms to architectural practices to IT Microsoft Dynamics CRM for Private Equity consultancies and public institutions. plus Touchstone’s PE Template to support: To us, CRM is much more than just software. It encompasses a wide range of strategies, • Comprehensive deal flow management to processes and technologies, and all of them manage deal life cycle in its entirety. need to be right for your business. Using our • Track investors’ interests and appetite to proven methodology,we will explore and invest to provide a fundraising pipeline. establish your business goals, question and challenge your existing processes and design • Understand the value of intermediaries by and deliver transformational solutions. analysing introductions against fees paid. • Easily record correspondence with contacts Clients to provide a complete view of activity. ______• Access all CRM data through Microsoft A snapshot of our private equity clients: Permira, Outlook interface and mobile devices for LDC, Bridgepoint, BC Partners and OMERS and ease of use. Finance Wales. • Powerful reporting capabilities across the system provide access to significant business insight across all disciplines.
Key facts Core Front Office / CRM capability includes: ______Offices across the UK including Channel Islands Contact and Activity Management Leading UK partner for Microsoft Dynamics CRM Fundraising Turnover of £18m Deal Flow 150 employees Investor Relations Gold Certified Microsoft Partner Mobile Device Access Document Management
50 www.touchstonecrm.co.uk
Technology advice Services ______Touchstone CRM offers clients the latest advice Touchstone CRM has dedicated Dynamics CRM on getting the most out of existing technology. consultants for implementing Rapid / Agile This includes web deployment, fund and solutions within private equity companies. We management reports delivered timely and deliver real business value at low business risk – efficiently. on time, within budget, and in line with your strategic goals. We measure the success of any project against these agreed criteria. SharePoint Foundation functionality is standard across CRM for Private Equity - our Consultants are able to offer assistance in the development of We help you achieve success through employing these areas. accredited experts in many leading and emerging CRM technologies, including mobile, analytical, transactional, operational and social CRM. We Our flexible approach to deployment allows CRM assign a lead consultant and supporting team to to be implemented as a cloud solution or on- every client, taking care to ensure the best match premise deployment. Our solutions are designed in terms of experience and technological to work within or alongside your existing software expertise. environment, be it Microsoft Office, Microsoft Outlook, your favourite browser or choice of mobile platform, creating a familiar environment Our delivery team understand the PE Operating that speeds adoption. Model, Cultural Environment and the Personalities – all critical to deliver success within a firm. Given the business critical nature of these solutions, Touchstone offer remote diagnostics and disaster recovery plans, ensuring staff have “Touchstone CRM didn’t just focus on selling the the highest level of availability at all times. solution, but showed a real understanding of our objectives and ambitions.”
www.touchstonecrm.co.uk @TouchstoneCRM
Contacts ______Natalie Edwards Dean Carroll Group Marketing Manager General Manager
t: +44 1923 652 233 m: +44 7971 959 191 t: +44 1923 652 211 e: [email protected] e: [email protected]
51 About Services ______Advanced 365, part of Advanced Computer Advanced 365 design, deploy, operate and Software Group, specialises in the delivery of improve IT services from the desktop to the data managed services, utilising our application centre to enable PE firms to align IT to core development capabilities as a unique business requirements. Advanced 365 help IT differentiator to create exceptional business departments free themselves from day to day advantage for our private equity (PE) clients. As operational activity to allow them to deliver part of the Advanced Group we have a strategic value back to their business by creating background in Private Equity and the group’s an agile and scalable infrastructure closely founder, Vin Murria, is a partner at Elderstreet aligned to core business operations, such as Investments, a specialist venture capital and PE fund raising, investor relations and deal flow. This firm. is achieved by: This experience in the PE market is reflected in IT Managed services focusing on the the group culture, aggressive acquisition strategy backend utility components of our customers and organisational focus, with a detailed IT operations. understanding of the PE market. Application development to deliver an With a number of acquisitions in the past 2 years application managed service for any Advanced 365 understand how to bolster IT application, with expertise in CRM and BI, delivery using a modular approach to IT that data modelling & aggregation. makes it easy to integrate and merge systems. Choice of delivery model; either as a hosted Clients such as Lyceum Capital engage service managed via the Advanced 365 data Advanced as a trusted partner to help them: centre suite, remotely from your comms reduce cost; free internal resource from the room, as part of a cloud based service via mundane to focus on the strategic; improve the one of the many public cloud platforms level of IT service being delivered; remove risk; available, or as a hybrid solution utilising a and deliver a more flexible and scalable IT combination of these delivery environments service. based upon your requirements. If addressing any of these challenges is of This approach ensures that the technology interest then Advanced 365 will be the company deployed by our customers is viewed as an for you! investment, and not a liability.
Key facts Core services ______Established in 1987 IT outsourcing Over 100 clients in the UK Cloud computing 120 Advanced 365 employees, 800 in the group Utility managed services focusing on backend IT Industry leading partnerships & accreditations infrastructure 3 UK based data centres Application development and support for frontend applications, such as CRM & modelling. Substantial cash reserves
52 www.advanced365.com
Services cont… ______IT Infrastructure Outsourcing Managed Service Desk Advanced 365 take responsibility for all of your All Advanced 365 clients are supported and backend IT systems, from the desktop to the data managed from our ITIL compliant managed centre; such as email, firewalls, systems service desk. Hosted in the network operations monitoring, data centre hosting, desktop support centre, the service desk can be structured as a etc, and deliver a service level, all based on simple call-logging facility, a technical second tier agreed service levels for a fixed number of years. escalation facility or any combination in between.
Cloud Computing Guaranteed Levels of Service The Utility Cloud Integration Services is a best- As an outsourcing company Advanced 365 strive of-breed risk free approach for cloud services to offer the highest level of service at all times. All integration that provides clients with service level Advanced 365 IT Outsourcing contracts are management, remote monitoring, reporting, governed by a Service Level Agreement (SLA) service desk and data transparency. Coupled which guarantees the levels of service a with application development and application customer can expect in terms of system uptime management capabilities customers engage with and application delivery. Advanced 365 to manage their cloud operations and the applications that sit within them. Customers Advanced 365 have over 100 clients, specialising Application Management in Financial Services and the mid-market. Clients Advanced 365 are able to offer application include: development and support skills to deliver a fully Cazenove Capital Management supported application management outsourced service, either for existing legacy applications or Charles Stanley for new applications being developed by Deutsche Bank Advanced 365 or others, such as CRM, Lyceum Capital SharePoint or modelling. This can be delivered Standard Bank as a fully managed IT outsourcing service or as part of an 'application tier only' support service.
Contacts ______Neil Cross Roy Wood Managing Director Sales Director
t: +44 20 7390 8752 t: +44 20 7390 8653 m: +44 7540 109 687 m: +44 7785 297 642 e: [email protected] e: [email protected]
53 About PS Financials Software Benefits ______PS Financials provides the accounting, General Benefits purchasing, budgeting and reporting software to Multi-company system – managing complex over 1,700 organisations in over 45 countries organisational structures. worldwide. Intercompany accounting – seamless interaction Our award-winning software is designed to solve between group entities. the accounting and reporting needs of fast Meets international tax requirements. changing organisations with multi-layered structures, international operations and complex Inbuilt document management – store unlimited reporting requirements. As such, we have been documents and invoices. chosen by organisations from all financial markets, including: Process Automation Private Equity Automate business rules, such as recharges, Banking allocations and prepayments. Venture Capital Integration to external software such as fund management, payroll, and CRM. Property Funds Create user-defined approval workflows for Asset Management invoices, purchase orders, and expense claims. Fund Management Links to unlimited bank accounts with automatic Hedge Funds reconciliation. Custodial Services Automatic currency and FX revaluations.
PS Financials is proven to meet the complex accounting requirements of private equity firms.
System Usage: ______Intuitive and user-friendly. Simple data input. Modern Windows interface, meaning minimal Easy access to reports. training requirements. Web portal providing web-based procurement In-house or remote access, including via mobile and staff expenses systems. devices.
Additional lines
54 www.psfinancials.com/finance
Software Benefits cont… Our Clients ______Reporting & Budgeting PS Financials is used by Private Equity Firms Automatic consolidation of companies, entities and Investment Managers with: and funds. Over £1 trillion of assets under management. Unlimited dimensions of analysis e.g. fund, Property funds with over 5000 properties portfolio, department, project, deal etc. worth over £1 billion. Graphical KPI analysis. Over 1000 staff based in 10 countries Management reporting suite. worldwide. Provides full drill-down capabilities to Individual Private Equity transactions of up to transactions and scanned invoice images. £1 billion. Powerful budgeting tools, holding unlimited budgets and forecasts. TDR Capital
“PS Financials is catered to Private Equity firms. The software makes it easy to combine information for all funds in one place, enabling us to report on all of our entities simultaneously.”
Milestone Capital
“As a multi-currency and multi-layered organisation we have complex accounting requirements… PS Financials provides us with a scalable, sophisticated accounting infrastructure to help us manage the business more effectively.”
Contacts ______Isaac Dwek Raheem Jiva Area Manager Pre-Sales Consultant
t: +44 1733 367 330 t: +44 1733 367 330 e: [email protected] e: [email protected]
55 Q-Biz Solutions Back-office solutions designed by a former private equity CFO
About Microsoft Excel based reporting ______Q-Biz Solutions focuses exclusively on the The following reports are available “out of the private equity back-office and our flagship box”: PEView™ Private Equity Back-Office System • Financial statements and supporting was designed by a former private equity CFO. schedules • Gross and net IRR analyses • Partners’ capital accounts and histories • Full life cycle investment histories • Portfolio commitments & reserves analyses • Portfolio company financial and operating metrics analyses Our unique approach to system design • General ledger and other audit schedules. empowers our end-users to easily configure PEView to their specific data capture, reporting and automation needs. Given the significant The standard PEView reports enable users to private equity experience of our management efficiently respond to periodic and ad hoc team, we offer a full range of services, including information requests over flexible periods and implementation, data migration, training, and across unlimited end user configured reporting custom report development. In addition, we offer dimensions such as firm, fund, partner, partner tailored fund administration services using family, deal, sector, and region. PEView, including supplementing our clients’ With limited training, end users are empowered back-office staff in a hybrid model. to create their own robust custom reports or modify our standard reports. The integrated PEView is a cost-effective, flexible and highly report writer includes Excel's full range of scalable platform, enabling us to serve the needs capabilities, such as formatting, charting, and of both emerging and established private equity functions, to automate complex calculations and firms. design professional looking reports. Reports may be presented in columnar or graphical (dashboard) format and may be We are committed to providing best of breed scheduled for automatic publishing in either reporting and our extensive set of standard Excel or pdf format at user defined intervals.
Key advantages of PEView Our clients include: ______- Extensive reporting “out of the box” - Venture - Microsoft Excel based reporting and analysis - Buyout - Flexibility without costly software customization - Fund of funds - Improved automation (complex waterfalls etc.) - Other private equity firms - Enhanced internal controls - Fund administrators - Streamlined path to implementation
56 www.Q-bizsolutions.com
Technology Automating the back-office ______PEView is designed as a private equity focused We believe that our extensive private equity add-on to Microsoft Dynamics™ GP (“MDGP”), a experience and flexible private equity focused widely used and time-tested mid-range application uniquely positions us to assist our accounting solution. Our implementation process clients in meeting the growing challenges facing includes a turn-key implementation of MDGP private equity CFOs. tailored to private equity. Although our clients utilize PEView for most reporting and processing PEView automates the accounting and reporting activities, this approach to system design for complicated structures including parallel enables us to harness the power and control of investment partnerships, alternative investment MDGP when necessary to offer a complete suite vehicles (“AIVs”), intermediaries, feeder of accounting functionality for both your structures and tiered general partner entities. investment funds and management company We’ve also designed PEView to handle unique including general ledger, budgeting, AP / check transactions and exceptions. writing, bank account reconciliation, and electronic banking. PEView’s back-office automation includes: PEView may be easily integrated with your • Capital calls existing CRM and portal applications to provide • Distributions an enterprise-wide solution. Our client base uses • Waterfall allocations a variety of front-office applications ranging from • Management fee calculations customized solutions tailored to private equity to internally created databases for activities such as • Equity/debt financings contact and deal flow management and • Valuation adjustments electronic communications/portals. Our simple • Interest accruals SQL database objects allow for direct access to • Warrant tracking your data and integration at any level in the system. • Mergers/exchanges/realizations In addition, PEView offers the ability to track and report on portfolio company financial and operating metrics – including actual, budgeted and forecasted results.
Contacts ______Jayne Thompson Nield Montgomery Managing Member Managing Member
t: +1 508 210 0155 ext. 1 t: +1 508 210 0155 ext. 2 e: [email protected] e: [email protected]
57 ViClarity Manage your Governance, Risk and Compliance obligations simply, effectively and quickly
About The Challenges ______ViClarity are specialist providers of compliance Regulation, Regulation and (more) Regulation automation solutions to regulated industries. You The last few years have seen a significant can manage all of your qualitative regulator increase in the regulatory oversight, compliance obligations, across all jurisdictions on a single overheads and investor due diligence easy to use platform for real visibility and control. requirements faced across the Alternative • Established 2008 Investment Indusrty; even within areas that had • Europe and North America hitherto avoided the majority of the limelight such as Private Equity. • Tried and tested technology • Expert Private Equity technical and advisory Don’t just tell me, show me! partners provide implementation and ongoing The traditional view of compliance as a tick-box support to your firm.. exercise or a once-off application process is certainly not one shared by the Regulator, further Clients robust evidence of compliance is being ______demanded by investors Over 150 Financial Services and Healthcare Firms must demonstrate and evidence that often industry leaders including: complex and multi-jurisdictional controls have been regularly assessed as well as ensuring iron clad audit trails.
AML, AIFMD, FATCA, What next? Whilst a global presence is vital to success it also brings with it the requirement to manage a myriad of different regulatory requirements, often with different reporting needs. Whatsmore, firms must ensure that they are prepared to manage the next set of requirements down the line – ideally in the easiest and most cost effective method possible without drastic changes to systems and processes.
Content Kernels Covering Comprehensive Services ______AIFMD FDIC Pre-Project Planning FATCA NCUA Configuration AML Governance Regulatory Content Build and Update Implementation and Training Change Management/Rollout Simple to build and configure more... On-going Support
58 www.viclarity.com
The ViClarity Solution Associates and Partners ______Regulatory Content Kernels The ViClarity solution is delivered with pre- populated templates with content kernels covering key areas of regulation, including AIFMD, FATCA, AML etc. This is much more than just snippets of regulation but low level operational business controls to manage ongoing compliance. Our expert PE Consultants will work with you to tailor, build out and keep this content updated for your firm.
Simple, automated web-based workflow ViClarity will automatically alert end users when a new control assessment is required and lead them through a personalised worklist. Results are aggregated and displayed in a simple RAG executive dashboard to quickly highlight areas of partial and non-compliance. Corrective actions are assigned and managed to bring your Firm back into compliance.
• Reduce administration overheads • Consolidate multiple spreadsheets into a single automated process • Promote individual accountability • Automate regulator reporting.
Contacts ______Tom Faraday Paul Griffin London Head Office (Ireland)
t: +44 20 3286 5059 t: +353 1 902 2859 m: +44 7904 511596 m: +353 87 778 7606 e: [email protected] e: [email protected]
59 About Services ______TripsWare is the expense reporting system Travel and Entertainment Expense Reporting exclusively focused on the private equity TripsWare manages Travel and Entertainment industry. It lets you track your costs of (T & E) expenses from all sources for all aspects fundraising, portfolio company oversight and due of deal flow including fund raising, due diligence, diligence initiatives while simplifying expense portfolio company management, and report submission for your employees. management company overhead. We provide an TripsWare is owned and operated by Paragon end-to-end automated solution that streamlines Computer Solutions Inc., a New York-based each step of the expense reporting process, from private company that has been providing capture, allocation and submission to approval, business solutions for the private equity field reimbursement and bill-back. since 1997. Key Features Our team of expert professionals has extensive Generate detailed reports for expense experience in private equity, accounting, and tracking, spend management analysis, financial systems. As a boutique firm, we have audits, and compliance. the flexibility to meet the most complex and Create custom invoices for portfolio company bespoke needs of our clients. bill-back, expediting recovery of billable Our mission is to establish and maintain long- expenses. term relationships with our clients in order to Assign pre-set allocation percentages to meet their accounting, reporting, and compliance multiple funds, investors, or other entities. requirements on an ongoing basis. Track aging receivables for all recoverable expenses using Custom A/R solution. Clients Upload credit card statements for fast ______expense report preparation. Our clients include some of the largest private Manage expenses from vendors such as limo equity firms in the world, as well as venture services, FedEx, etc. capital firms, investment advisors, LPs and fund Integrate expense data with general ledger of funds. and back office accounting system, eliminating manual data entry and errors. Submit receipts via mobile devices for instant, paperless backup documentation.
Key facts Core services ______Web-based SaaS solution launched in 2006 T & E expense reporting automation Client base with AUM > $100 billion Best practices for PE expense management White label branding available Portfolio company invoicing Strategic alliances include American Express, Due diligence cost tracking Microsoft, Intuit, and Sage CFO reporting tools
100+ assignments for
60 www.TripsWare.com
Services cont… You need TripsWare if... ______Custom Accounting Solutions You want real-time visibility into company We help investment firms with all types of spending for control, compliance, and expense management challenges. If you have a transparency specific nuance related to your back office You need an efficient way to track spending operations or accounting workflow, we can associated with fundraising, portfolio design a customized solution for your needs. company oversight, due diligence initiatives and management company overhead Best Practices for Expense Management You want to work with a technology partner Our knowledge and first-hand experience in the who understands your business private equity field allows us to provide domain expertise and suggestions for best practices. We Join the growing number of satisfied private work with well-established firms looking to equity, venture, and investment firms who use migrate from inefficient legacy systems, new TripsWare to manage their expenses. firms that are just getting started, or spin-off entities that need to set up their own back office. “After looking at other vendors, we found that We can also make recommendations to optimize nobody understands the particular challenge your GL set up to improve your ability to track of private equity firms the way TripsWare expenses within your accounting software. does. TripsWare has made expense management easier for everyone.” Support Accounting Manager, investment firm -$1bn AUM We pride ourselves on our consistent record of excellent customer support. Your firm will be ”TripsWare has made a name for itself as a assigned a dedicated TripsWare team who will dominant vendor for the financial services assist you with all services, including roll out, vertical, achieving significant traction with its training and ongoing support expense management solution in private equity, venture capital and investment segments.” Paystream Advisors, Technology Insight Series on Travel and Expense Management
Contacts ______Sue Banner For more information, visit Director, Client Relations www.TripsWare.com
t: +1 914 747 3244 m: +1 917 710 1842 e: [email protected]
61 Intralinks
About Intralinks Intralinks Fundspace™ for Private Equity ______Intralinks (NYSE: IL) is a leading global provider Intralinks Fundspace provides Private Equity of Software-as-a-Service solutions for securely Managers full control of confidential information managing content, exchanging critical business and a sophisticated platform to ensure information and collaborating within and among communications are managed efficiently. organizations. With a focus on providing comprehensive fundraising, reporting and portal solutions, A pioneer in software-as-a-service computing, Intralinks supports 25 of the top 50 Private Equity over 17 years ago we created the first virtual data firms, and 14 of the top 25 Hedge Funds. rooms (VDRs), used to support the complex and highly regulated process of managing strategic financial transactions. Intralinks has supported Across the globe, more than 100,000 allocators over $23 trillion in transactions involving over a at 25,000 investor organizations log on to billion pages and used by over 2 million Intralinks to raise a new fund, or report on an professionals. existing one. In H1 2013 $93.7 Bn was raised using the Intralinks platform.
Security - Intralinks Viewer and document locking protection lets you manage and securely exchange sensitive information. PDF and Microsoft Office files are protected so they can be distributed, saved, and viewed safely.
Control - Rigorous ID and password protection protocols keep you in control of who has access to your info, and allows permissioning down to the document level.
Management - Collaborate across both internal and external teams to facilitate the investment and information management process.
Key facts Core services ______NYSE: IL Turpis egestas. Headquarters: New York, NY Morbi Number of employees: 652 Nulla augue Office Locations: 40 offices worldwide Varius at Number of customers: Over 2 million users Varius ac, from more than 90,000 organizations Porttitor et quam 100+ assignments for
62 www.Intralinks.com
The Intralinks advantage ______An industry leading investor communications to easily add users, expand your uses and platform increase your volume of information to adapt to your ever changing business needs. Security Our top priority is to provide you with the highest Service level of security, compliance and auditability for Intralinks also provides 24/7/365 global customer the exchange of your information, avoiding support, so you have a team of experienced possible risks and exposure to your business. professionals ready to assist you, your Our solutions adhere to industry mandated prospective investors and your outside advisors. regulatory requirements including SOC 2 Type II Level II and ISO 9001 certifications. Expertise Intralinks’ comprehensive approach toward For over a 17 years, we’ve been helping security extends across our entire solution companies around the world exchange their including the application, infrastructure and critical information. process.
Global Affordability Access Intralinks via a web browser, mobile We require no additional hardware or software, device or familiar office desktop applications. no expensive training programs and no new Intralinks is available in Brazilian Portuguese, demands on your IT resources. With no upfront Chinese (Simplified), English, French, German, capital costs, our SaaS model provides a budget- Japanese and Spanish. In addition, live support friendly, scalable cost structure that yields returns is available 24/7/365 in 140 languages. almost immediately.
Easy implementation We can get you up and running in minutes. Easy integration with your current software and internal systems ensures a seamless workflow. And as your business evolves, our solution enables you
Contacts ______Jack Cronin Trevor Chisholm Account Executive, Alternative Investments - Director of Sales, Alternative Investments - EMEA North America t: +44 207 549 5228 t: +1-617-648-3536 m: +44 7585 302 613 m: +1-857-488-6589 e: [email protected] e: [email protected] Additional lines
63 Burgiss
Investment Decision Support Tools for Private
Capital
About Us Tools ______We Know Private Capital Portfolio Management Software
Burgiss is a global provider of investment Private i is the clear tool of choice for private decision support tools for the private capital capital investors worldwide. market. Our tools streamline the investment process, provide transparency into portfolio Hundreds of endowments and foundations, holdings, and enable data-driven decisions. pension and sovereign wealth funds, family offices, funds-of-funds and other asset owners We serve: enjoy the benefits of a portfolio management • Asset owners, such as endowments, system expressly designed for private capital foundations, pension funds, family offices, assets. sovereign wealth funds and financial institutions, who use our tools to manage Private i speaks your language—it understands their private capital investments. commitments to funds, coinvestments, direct • Asset managers, such as buyout, venture investments, vintage years, capital calls, capital, real estate and real asset funds and unfunded commitments, recallable capital, post funds-of-funds, whose needs are driven by distribution stock activity, secondary positions, increasingly complex demands. FX gain/loss and the like. It understands private • Financial intermediaries, such as custodians, capital investment performance, going well investment consultants, and administrators, beyond IRRs, Investment Multiples and Time- who leverage Burgiss tools to enhance their Weighted Rates of Return. It natively calculates offerings to their clients. public market comparisons such as the Long- Nickels Index Comparison Method, the Kaplan-
Schoar Public Market Equivalent, and the new Founded in 1987, Burgiss is a multidisciplinary Gredil-Griffiths-Stucke Direct Alpha. And it also team of 140 professionals steeped in the world of makes it easy to compare your investment private capital. Today our tools support over a performance to custom peer group benchmarks thousand institutions representing over $2 trillion from the Burgiss Manager Universe. of committed capital.
Key facts Investment Decision Support Tools ______140+ global staff Portfolio Management Software 1000+ clients in 25 countries Transparency Service Decision Support & Benchmarks
64 burgiss.com
Tools continued… ______Transparency Service Decision Support & Benchmarks
Private Informant is the transparency service Private iQ provides critical insight into the private that’s changing the way investors look at private capital markets. This solution provides you with capital investments. This service provides the ability to benchmark managers, establish continuously-updated, detailed information on the expectations for modeling different asset classes, underlying holdings of private capital funds and and stay informed about macro changes in the funds of funds. This information enables investment environment. With Private iQ, you can investors to understand portfolio composition, answer virtually any question about the delve deeper into the drivers of fund performance, cash flow and valuation behavior of performance, and precisely measure exposures. private capital on a cross-sectional and time- series bases using complete and up-to-date information. We provide this service with the help of a team of highly-trained specialists, proprietary systems, lots of experience and an organized operational All of this is made possible by the Burgiss approach. We capture and classify source Manager Universe, the unique database that documents electronically, rank complexity, underpins this solution. The Burgiss Manager segment, analyze and enter fund holding activity, Universe is representative of actual investor establish and maintain entity characteristics, and experience because it is sourced directly from extract company fundamentals. Supporting this asset owners and contains the full transactional effort is rigorous operational workflow and multi- history between limited partners and their fund layered quality assurance. The result is investments. This approach stands in contrast to information you can trust. other efforts that gather data from General Partners, which inherently introduce selection, backfill, and survivor biases. Delivered as a rich web application, Private Informant is packed with dozens of time-tested reports to instantly view, report, consolidate, and As of Q3 2014, the Burgiss Manager Universe export information with ease. covers 6,035 funds representing $4.1 trillion in capitalization.
Contacts ______Burgiss
t: +1 201 427 9600 e: [email protected]
65 PitchBook Data, Inc. PitchBook equips private equity professionals with the tools they need to more effectively source deals, benchmark IRRs and make decisions.
About The PitchBook Platform ______PitchBook, the leading provider of independent The PitchBook Platform offers subscribers deep private equity research and data, delivers the and detail-rich data on the entire PE and VC comprehensive intelligence needed to more lifecycle with insight into key players and their effectively source deals, conduct comparable contact information. This intuitive online platform analysis, benchmark funds, understand trends includes customizable, easy-to-use workflow and make decisions. tools to help industry professionals access data efficiently and easily integrate/download it into The award-winning PitchBook Platform is their workflow. designed for quick and easy online access to information and analysis on the entire private equity lifecycle, providing four times more PE and Customizable Searches, Accessible Data VC data than any competitor. The PitchBook Platform’s search interface enables users to pinpoint the exact data they need through comprehensive search criteria and Clients view or download it. Subscribers can also further ______customize and refine results with additional filters PitchBook serves the full spectrum of and column selection to maximize data professionals in the private equity and venture relevancy. capital universe, including (but not limited to): Private Equity & Venture Capital Firms Fund Performance & Benchmarking With the Funds & IRR tool, subscribers can Investment & Commercial Banks search over 15,000 funds to build comparable Law Firms peer groups, perform due diligence and develop Accounting Firms benchmarks on IRR, TVPI, RVPI and DPI. Consultants/Advisors Convenient, Exportable Visuals Lenders The charting tool allows PitchBook Platform Corporations & Strategic Buyers subscribers to transform search results and Limited Partners historical data into presentation-ready visuals (line and bar charts, pie charts and stacked bar Universities graphs) within the platform interface. The Press & Media resulting charts can be downloaded into Excel.
Data Coverage Core Offerings ______Private Company Deals The PitchBook Platform PE and VC Firms and Professionals Daily Newsletter Limted Partners Reports & Publications Funds & Fund Returns (IRRs) Custom Research Strategic Buyers Exits/Liquidity Event Consultants/Advisors/Lenders
64 www.pitchbook.com
News, Research & Publications Our Research Process ______The detailed data behind the PitchBook Platform Our research begins with a daily systematic also powers several other PitchBook products review of thousands of news and public filing and services, including PitchBook News, reports sources. Our primary research team confirms, and custom research. cross-validates and QAs this data through direct communication with key contacts at PitchBook News target companies, investors, limited partners PitchBook provides daily insight and analysis on and professional service providers. private equity and venture capital activity and trends through our daily newsletter, PitchBook News. Delivered straight to your inbox, PitchBook News features industry stories on investment deals, portfolio companies, exits, investors, limited partners, service providers, management changes and more.
Reports & Publications PitchBook periodically releases reports and presentation decks covering all aspects of the private equity industry. Among these reports is the popular quarterly publication, the PitchBook Private Equity Breakdown. This report provides an overview of the private equity industry and decade-long historical trends. Other reports focus on specific industries, regions and other aspects of the private equity universe such as fund benchmarking, exits and deal terms. Quality assurance is a top priority for PitchBook, and our research process includes many Custom Research, Reports & Surveys levels of rigorous review by a dedicated team PitchBook offers custom research services for a of researchers. variety of projects such as surveys, reports and We firmly believe that better data means better content for publication. decisions.
Contacts ______John Gabbert Fabrice Forget Founder & CEO Vice President, Products
t: +1 206-257 7844 t: +1 206-792-9667 e: [email protected] e: [email protected]
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