iLevel Solutions Poll at Duff & Phelps Conference Finds Private Equity Limited
Partners Want More Reporting
NEW YORK, Dec. 10, 2012
- Conference Speakers Discuss Trend and its Impact on Fundraising; General
Partners Responding by Hiring Back Office Staff and Implementing Software
NEW YORK, Dec. 10, 2012 /PRNewswire/ -- iLevel Solutions announced polling
results from last week's Duff & Phelps (NYSE: DUF) 6th Annual Alternative
Investment Conference. The results show that General Partners are seeing an
uptick in institutional investors asking for more reporting from their private
equity fund managers and that those fund managers are building up their back
offices to meet these demands. Supporting the results of the poll, private
equity leaders shared anecdotes from recent fundraising efforts where
potential investors requested reporting and transparency similar to what they
receive for other investments such as public equities.
Audience polling, gathered during the iLevel and Hamilton Lane joint session
on portfolio reporting and transparency, indicates that nearly half of the
General Partners in attendance feel they fall short in their Limited Partner
reporting or struggle to understand the reporting demands of their LPs.
"Many large pension fund CIOs today cannot track earnings or debt levels
across their private equity portfolio. It's unreasonable to expect the asset
class will grow if the CIO can't get answers to those types of questions,"
said Erik Hirsch, CIO of Hamilton Lane. "We see technology as a key enabler of
increased transparency and Hamilton Lane has partnered with iLevel to design a
new version of their portfolio management platform that will be available to
our clients and other LPs in 2013. This new version will offer the kind of
standard and customizable reporting that private equity investors want."
Discussing recent fundraising efforts, several fund managers relayed that
investors are choosing one fund manager over another based more on reporting
capabilities than ever before.
"We are absolutely seeing capital commitment decisions being made based on the
fund manager's ability to offer transparency and better reporting to their
limited partners," said Laurence Tosi, Chief Financial Officer of Blackstone
Group (NYSE: BX), during his keynote address. "Blackstone uses the iLevel
platform as a critical part of our private equity portfolio management
iLevel polling also shows 50% of GPs in attendance plan to increase their
back-office headcount over the next 18 months, largely due to the need to
satisfy an increase in LP reporting demands.
"One GP at the conference told me they have seen requests from LPs increase
400% in the last year alone," said Rick Kushel, CEO of iLevel Solutions. "Poll
results also clearly indicate that GPs are investing in resources to meet this
increasing demand from their investors. We continue to see GP firms add
headcount and implement portfolio monitoring and reporting software to deliver
complete, accurate and timely reporting to their investors."
For complete poll results and additional speaker commentary visit
http://www.ilevelsolutions.com/december-2012-poll-results/ or request it via
e-mail to firstname.lastname@example.org .
About iLevel Solutions
iLevel Solutions offers the market-leading Portfolio Management Platform for
the alternative asset management market. The innovative, highly secure
Software-as-a-Service technology solution automates the collection, storage,
collaboration, analysis, and reporting of portfolio data. Investors in iLevel
Solutions include Blackstone (NYSE: BX), The Carlyle Group (NASDAQ: CG), Duff
& Phelps (NYSE: DUF), Hamilton Lane, Swift River Investments, and Egis Capital
Partners. For more information, please visit www.ilevelsolutions.com .
Contact: iLevel Solutions
Mason Power 345 Park Avenue
Chief Marketing Officer New York, NY 10154
+1.646.561.6180 (646) 746-1100 - Phone
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