FEATURE
The NewesT
INformaTIoN
DemaNDs By LPs
page 4
SUppoRT SERvicES
DiREcToRy
Listings start on page 8
Support ServiceS
report & Directory
Buyouts & vcj
For more information on becoming a sponsor, please contact
David Harkey at 646-223-6776 or by email: [email protected]
SponSor packageS and benefitS:
Gold SponSor:
• Speaker role on one of the conference
panels
• Top level branding on all promotional
material throughout the conference
• Top branding on signage at the event
• Full slate of marketing both before
the event and post-event including
email blasts, brochures, and ads in
the conference delegate book
• One 6 ft tabletop in exhibition area
during conference
• 7 complimentary passes to use for
firm members or additional guests
• 20% discount extended to all
additional invites
• Delegate list with email addresses
provided 2 weeks after the conference
• Top branding position in
post-conference thank you ad to appear in
Buyouts
Silver SponSor:
• Branding on all promotional material
• Branding on signage at the event
• Full slate of marketing both before
the event and post-event including
email blasts, brochures, and ads in
the conference delegate book
• One 6 ft tabletop in exhibition area
during conference
• 4 complimentary passes to use for
firm members or additional guests of
the firm
• 10% discount extended to all
additional invites
• Delegate list with email addresses
provided 2 weeks after the conference
• Branding in post-conference thank
you ad to appear in Buyouts
For the most up-to-date information, go to www.buyoutsconferences.com
Buyouts conferences are designed to provide a forum for dialogue among senior
executives in the private equity industry, and the editors of Buyouts. Because the
conversation is focused on high level topics, you’ll meet a very senior crowd with
the authority to recommend and authorize high ticket purchases.
Networking breaks throughout the day provide the opportunity to speak directly
with attendees and speakers —and when you upgrade to Gold sponsorship, you
can highlight your firm’s expertise when your executive appears on a conference
panel or as a moderator.
The Third Annual Buyouts Texas this November 18 is shaping up to be better
than ever with more than 30 speakers and 250 anticipated attendees! Make sure
to reserve your sponsorship today for the best opportunities.
new excluSive BrandinG
opportunity!
InteractIve PollIng
SPonSorSHIP
Throughout the day, Buyouts will poll
session attendees about topics under
discussion and attendees can submit
votes on their phones and mobile
devices. Results will be broadcast during
the session. The Exclusive Interactive
Polling Sponsorship includes:
• Branding on all power point slides
featuring the interactive polling
• Branding on printed instruction
sheets distributed during sessions
plus advertisement on reverse side of
instruction sheets
• Branding on all conference
promotional material and signage at
the event
• Full slate of marketing both before
the event and post-event including
email blasts, brochures and ads in
the conference delegate book
• 4 complimentary passes to use for
firm members
• 10% discount extended to all
additional invites or guests of firm
• Delegate list with email addresses
provided 2 weeks after the
conference
• Branding in post-conference thank
you ad to appear in Buyouts
Buyouts
Texas
Buyouts | VCJ | 3
Support Services report 2010
Contents
FeatureS
The Newest Information Demands By LPs
4
By Vicky Meek
other inDiceS
Software Developers and Fund Administrators, By Clients Served 22 Software Developers and Fund Administrators, By Services Offered 23
GuiDe to Service proviDerS
Research Editor Eamon Beltran [email protected] (646) 223-6772 Editor-in-Charge, Deals David Toll [email protected] (646) 223-6784 Publisher: Jim Beecher [email protected] (646) 223-6771
Senior Creative Designer:
Janet Yuen
Senior Account Manager-Subscriptions:
Greg Winterton [email protected] (646) 223-6787 Advertising Director: David Harkey [email protected] (646) 223-6776
Advertising Sales Executive:
Elizabeth Yannone [email protected] (646) 223-6795 Reprints: PARS International [email protected] (212) 221-9595 x426 Customer Service: Melissa Parckys [email protected] (888) 605-3385 or (646) 223-4431 M-F 9am-5pm EST USA Office:
3 Times Square, 18th Floor, NY NY 10036
European Office: Aldgate House,
33 Aldgate High Street, London EC3N 1DL Buyouts and Venture Capital Journal are published by Thomson Reuters. Entire contents copyright © 2010 by Thomson
Reuters. Reproduction in any form is prohibited without the express written consent of Thomson Reuters.
3i Infotech - Framework 10 AARM Corporation 10 Abacus Business Leaders, LLC 10 Application Experts, LLC 8 Armor Compliance LLC 10 Burgiss Group, The 11 Citi Private Equity Services 11 Contact (ISR) - Management &
Consulting Ltd 11
Cortland Fund Services 11 DMLT - Investment Cafe 12
EACG GmbH 12
Eagle Investment Systems 12 Endurance Asset Management, Inc 13 Ernst & Young 13 extensionEngine 13
Fascet LLC 13
Fonds de solidarite FTQ 13 Gen II Fund Services LLC 13 Glenara Management Services Ltd 14 Investment Data Services Group (IDS) 14
Invient 14
IPS-Investment Partnership
Services LLC 15
J.P. Morgan Private Equity &
Real Estate Services 15
Kaufman Rossin Fund Services 15 KG Financial Software Pvt Ltd 15 La Meer Associates 16 LeverPoint Management LLC 16
LKCM 16
MB Fund Administration Services 16 McGuireWoods LLP 17 Merrill Corporation 17 MidCoast Capital, LLC 17 Morris Business Development Company 18
Navatar Group 18
Netage Solutions, Inc. 18
Northern Trust 18
OCRA (Mauritius) Limited 19
PEARonline 19
PEF Services LLC 8 Q-Biz Solutions, LLC 19
RR Donnelley 20
Smartco 20
Tetra Private Equity Services LLC 20 Trance Consulting PVT LTD 20 Trident Trust Company (Cayman) Ltd. 20 Vitech Systems Group, Inc. 21 Woodfield Fund Administration 21
FEATURE
the newest
InformatIon
DemanDs By
LPs
By Vicky Meek
FEATURE
Buyouts | VCJ | 5
Support Services report 2010
As a rule, general partners are providing
their investors with the information they
need to assess fund performance. Yet
getting a full grasp of the numbers can
still be a time-consuming and frustrating
process for limited partners for a host of
reasons.
Most investors today feel they receive
about as much information as they can
usefully handle. This is particularly so
now that the recent liquidity squeeze that
has affected most LPs has meant fund
managers are keeping a close eye on what
their investors want in an effort to keep
them onside for future fundraisings.
“We have found some GPs that weren’t
very approachable in the past have
become much more so —they are now
much more proactive,” said Katharina
Lichtner, managing director at Capital
Dynamics, a European private equity
and real estate asset manager. “Most
of the time the quarterly reports were
fine, but there wasn’t always the level
of communication necessary for a
sustainable relationship.”
Lichtner added: “A large number
of managers were already providing
phenomenal reporting even before the
crisis. The difference is that it has now
trickled down to those that weren’t as
forthcoming. Those GPs have recognized
that it’s a critical element in making LPs
comfortable.”
It’s an impressive achievement given
the changing needs of LPs. Johnny
Randall, CFO and COO of US advisory
shop StepStone Group, observed that
“GPs have been deluged with requests
for information” from LPs, even for
such details as loan covenants and credit
maturities related to individual portfolio
companies.
Room For Improvement
Yet despite all this, many LPs believe
there is room for improvement. A
Coller Capital survey of LPs worldwide
conducted in the last half of 2009 found
that nearly half of respondents had
recently asked for better reporting from
GPs.
One of the areas in which some LPs
would like to see progress is in the reports
GPs provide. “The lack of standardization
in private equity results in a significant
difference in reporting formats and in
terms of what information you do or
don’t receive,” said Kara King, managing
director of U.S. private equity investment
advisor PCG Asset Management. “That
makes the collation of data difficult.”
“As much as 98 percent of the reporting
that comes out of our offices is in the
form of a locked-down PDF or similar,”
said David Bailey, managing partner
of fund administrator Augentius. “That
means you have a team of people
re-keying all the data. Why aren’t all LPs
working together to ask for reports that
can be ‘plugged in’ to their own systems
so the data can be downloaded directly
onto their systems? That’s what happens
in all other areas of financial services.”
“The system is primitive,” agreed Hans
van Swaay, partner at European fund
investor Lyrique Private Equity. “Nearly
all of the data is processed by hand by
LPs. It doesn’t make sense.” He suggested
that some of private equity’s largest LPs
could join forces with a data provider or
software house to design an appropriate
system. “It wouldn’t revolutionize private
equity investing, but it would take out
some of the cost.”
Others said that, while this might
be possible, the main difficulty would
lie in the fact that LPs themselves have
different IT set-ups and informational
requirements. “The big issue from the
GP’s perspective is that virtually every
LP has different internal systems and
requirements for data,” said Clinton
Harris, founder and managing partner of
U.S advisory shop Grove Street Advisors.
“Right now there is no standard at the
LP level so that the GP can report in a
standard format.”
“Getting PDFs can prove problematic
and there is duplication of work,” said
Delaney Brown, principal at European
fund-of-funds manager Hermes GPE.
“However, each LP has their own template
for how they store data – if they do – and
so it would still be more than simply a cut
and paste exercise.”
But with a bit of collaboration, it
should be possible to create a system
that most LPs could use to help them
work more efficiently. “We would prefer
GPs provide cash flows, valuations and
portfolio company detail in Excel,”
said King of PCG Asset Management.
“However, everyone would have to
agree on a format. I don’t think the GP
community would agree to send out 100
different Excel formats each quarter.”
Said Lyrique Private Equity’s van
Swaay: “This would be a perfect project
for the national associations or perhaps
What LPs Want
• Standardized reporting format
• More consistent valuations
• More timely reporting
• Information on ESG risk
FEATURE
ILPA [the International Limited Partners
Association].” He added: “The current
modus operandi in which everyone has
different formats and requires LPs to
have to call for clarifications involves too
much to-ing and fro-ing and is simply not
efficient.”
In fact, local industry associations, such
as the British Venture Capital Association
and
European
Venture
Capital
Association, have produced guidelines
on reporting for their members. And
a U.S. organization, the Private Equity
Industry Guidelines Group, has set out
recommended practice in this area.
However, none of these efforts has
attempted to standardize reporting and
none have tackled the issue of reporting
in a format that can be downloaded
by LPs. Instead, they have focused on
getting GPs to provide specific types of
information to investors.
FAS 157: Still Inconsistently
Applied
Reporting formats is just one area
where LPs wish for greater improvement.
Another is in the application of FAS 157,
the U.S. accounting standard that requires
GPs to mark to market when valuing
their portfolio companies. Effective
November 2007, the implementation of
this reporting standard is causing many
LPs complications, despite the fact that
most say that they are getting a lot of
information from GPs about how they
are arriving at their valuations.
“The intent of FAS 157 is a good one,
but arriving at the right approach and
understanding for a long-term focused
asset class such as private equity is
causing difficulties along the way,”
said StepStone Group’s Randall. “Some
of our clients are struggling with the
question: What do I have to know to
ensure that an underlying investment is
valued appropriately? The rules under
ASC 820 (formerly known as FAS 157)
keep changing and auditors aren’t
in agreement about which valuation
methodology to use, and sometimes
even within the same firm.”
He added: “We’re seeing an evolution
of fair value accounting following FAS
157 and that may take a while to settle
down. One issue that we are seeing is
variation in the methods used between
firms that have holdings in the same
companies. That sometimes makes it
difficult in conversations with auditors
when the investment is held through
different GPs.”
Other investors are having similar
issues. “FAS 157 implementation has
gone relatively smoothly for the most
part, but it has taken some time to get
the necessary visibility on processes and
methodologies used by the GPs,” said
Lichtner of Capital Dynamics. “Once we
are comfortable that a GP is using a good
methodology, we want to see them stick
to it throughout the life of the company
investment unless there are very specific
reasons for change. Also, this change
then should be transparent to investors.”
Grove Street’s Harris said that there can
be a temptation to “flip-flop” between
valuation methodologies according to
what the markets are doing. “Those that
used the discounted cash flow method
would have found the valuations more
flattering in the first part of last year,” he
said. “Now, multiples are more flattering
and there has been some changing of
methodologies, although the accountants
have been quite heavy on this. But
inconsistency in general between GPs
is a problem as the accounting industry
allows them to interpret FAS 157 in
different ways. It means LPs have to do
a lot more work before they can compare
the performance of one GP to another.”
Reporting Delays
It may be a while before the ILPA
Private Equity Principles, which set out
best practices for GPs, are digested and,
where appropriate, adopted.
While the principles focus primarily on
areas such as fund terms, they touch on the
area of reporting and it seems certain that
some of private equity’s largest investors
will be expecting the principles to be
embraced by GPs. Most GPs are already
providing much of the information set
out in the principles, but the one area
some may struggle with is timeliness.
ILPA recommends that annual reports
be made available within 75 days of year
end, while quarterly reports should be
disseminated within 45 days. That’s far
from standard practice currently.
“We still have a problem with the delays
in reporting,” said Capital Dynamics’s
Lichtner. “There are still many GPs that
take two and a half months after the
end of the quarter to report to us. GPs
should be on top of the numbers and
developments of each portfolio company
so it shouldn’t take that long. It would be
helpful to have the reports within four
weeks after the quarter end.”
“The industry is notoriously slow at
getting reports to its investors,” said van
Swaay of Lyrique Private Equity. “That’s
especially true of year-end results. There
is a lot of frustration among investors
that they are still getting NAVs from 31
Lps And their information Systems
LP Name Vendor/Fund
administrator Special requirements/other comments
Grove Street Advisors Investran Grove Street as a fully customized system letting it provide reports tailored to different client needs.
Hermes GPE Investran Hermes GPE uses a customised system, which is strong on fund accounting and that Hermes GPE is also increasingly using for customer relationship management.
Lyrique Private Equity Under negotiation N/A PCG Asset Management State Street Global
Services PCG provides GPs with “ideal” cash flow letters and portfolio company data spreadsheets during the negotiation process to help them understand what PCG’s reporting needs are.
Stepstone Burgiss Group N/A
FEATURE
Buyouts | VCJ | 7
Support Services report 2010
December in June or even September. It
may not be easy, but the industry needs
to develop tools that compensate for the
fact that it can be tricky. Everyone would
be much happier if they could get the
information in the first quarter.”
ESG Risk
Of course, even if GPs make progress
in all these areas, there will continue to
be requests for new types of information.
One area that is rapidly becoming more
important to LPs is environmental, social
and governance (ESG) risk.
Over 700 investors have now signed
up to the United Nation’s Principles of
Responsible Investing, requiring them
to build ESG risks into their investment
decision-making processes and to work
with the funds in which they invest to
ensure sound ESG management. “The
financial crisis has caused the focus on
ESG risks to be diminished,” said King
of PCG Asset Management. “But when
we get past the recession and people are
less worried about their private equity
portfolios, we anticipate increased focus
on this.”
That clearly means GPs will need
to embed new processes in their own
organizations and, importantly, report
on them. “ESG risk is creeping up the
agenda with many LPs,” said Lichtner of
Factors Likely to Deter
re-ups in the Next 12
Months
Winter 2008-09 2009-10Winter LP over-allocation to PE N/A 39% LP capital constraints 41% 40% Changes to LP strategy 49% 50% GP style drift 72% 55% Sharing of carry within GP 29% 56% GP staff turnover 60% 74% Conflicts of interest 51% 76% Poor reporting/transparency 39% 76% Continuity/succession issues 60% 78% Terms & conditions 57% 79% Poor performance of a GP’slast fund 75% 84%
Source: Coller Capital Winter 2009-2010 Barometer
Modified their investment criteria/ appetite for risk Increased their due diligence before committing to a fund Demanded better reporting from GPs
Enhanced their team’s skills/experience Changed their investment governance procedures Other
60%
50%
49%
40%
13%
6%
0
10
20
30
40
50
60
times in ensuring their investors are
happy with the level of information they
provide. Concerns over transparency that
LPs voiced in the earlier part of this decade
have generally been answered. The recent
financial crisis has shown GPs in a good
light as most have been able to provide
LPs with the information they needed to
assess their own positions in what was a
highly uncertain time.
Yet LPs will continue to push for more
consistent and timely reporting in a
format they can use. For some GPs, a
failure to respond could mean adding to
their fundraising risk. The Coller survey
of LPs found that poor reporting and
transparency had become one of the key
factors in deterring them from re-ups
with existing managers.
LPs will also continue to ask for new
and additional information as the wider
world steps up its scrutiny of corporate
behavior and the regulatory environment
increases the need to measure responsible
investment practices. The tools and
systems that GPs will need to ensure
they are meeting LP informational
requirements will need to adjust and
develop to keep pace.
v
How Lps Have changed their portfolio Management
Since Summer 2007
Source: Coller Capital Winter 2009-2010 Barometer
Capital Dymamics. “Yet there is currently
not a good understanding of how best
to measure this in private equity and so
the right framework and tools need to
be developed. Otherwise we have no way
of judging how well policies are being
implemented and what the economic
impact is.”
Clearly, LPs aren’t looking for reams of
extra reporting. Most believe they have
about as much as they can cope with in any
case. But many will be asking questions
of their GPs that they haven’t previously,
such as what their employment record is
in their portfolio companies, whether the
businesses in which they invest are using
energy efficiency measures as a means of
reducing their bills and their impact on the
environment, and how GPs are measuring
ESG risks in individual companies as well
as across the portfolio. They will need the
data to answer these questions effectively.
“Most GPs will have a policy on ESG,
but many are not quite there yet in terms
of implementing it and reporting on their
performance in this area,” said Brown of
Hermes GPE. “Yet LPs will be asking more
and more about these issues. That doesn’t
mean there should be a raft of reporting
documents for this as I suspect most LPs
will want to speak to GPs face to face
about this.”
SUppoRT SERvicES
APPLICATION EXPERTS, LLC
MAIN OFFICE
1010 Depot Hill Road, Suite 101 Broomfield, CO 80020 USA www.app-x.com Phone: 800-914-9120 Fax: 866-530-6668 PERSONNEL Kevin Kelly CEO [email protected] Joe McVicker CTO [email protected] Stevan Simich COO [email protected] Josh Bowes Senior Consultant [email protected] Jill Montera Senior Consultant [email protected] Jason Viado Consultant [email protected] Ben Hendershot Senior Consultant [email protected] Mark Dalius Consultant [email protected] Kristen Larson Office Manager [email protected] BRANCH OFFICE(S) 18 Adams Lane Wayland, MA 01778 Phone: 508-358-2198
100 N. Riverside Plaza, Suite 2400 Chicago, IL 60606
Phone: 312-445-8735
SCOPE OF OPERATIONS
Year Founded: 2006
Number of Employees: 9
Main Business: Software Developer
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors • Special advisors
• Endowments, Impact Investors
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
Application Experts specializes in serving the needs of alternative asset fund managers and investors. Our products: AIM, Pulse, and CANDI, are built on Salesforce.com and 100% cloud-based — no additional hardware or software required. We implement CRM, Fundraising, Dealflow, LP Management, and Portfolio Monitoring/ Metric Tracking workflows using a robust project management methodology that ensures every firm gets the right solution quickly.
Number of Clients: 26
Representative Clients: RCP Advisors, Aether Investment Partners, UTIMCO, Pepperdine University, Gray Ghost Ventures
PEF SERVICES LLC
MAIN OFFICE
155 Pompton Ave, Suite 106 Verona, NJ 07044 USA www.pefundservices.com Phone: 212-203-4685 Fax: 212-202-6204 PERSONNEL Anne Anquillare, CFA President
David Gerogosian Executive VP
Beth Manzi, CPA Senior Manager
Peter Stern, CPA Senior Manager
Tami Rabinowitz, CPA Senior Manager
Joe Campbell
Sr. Web Design Analyst and Development Engineer
Allen Greenberg Executive VP
Anne Linden, CPA VP [email protected] Dave DiMatteo Fund Accountant [email protected] Samuel Tarshish Fund Accountant [email protected] Matt Gavin Jr. Fund Accountant [email protected] Maryann Lubanski Jr. Fund Accountant [email protected] Swapna Upperpalli IT Specialist [email protected]
Marva Hill Simmons
Loretta Murawa
BRANCH OFFICE(S)
156 West 56th Street, suite 900 New York, NY 10019
Phone: 212-755-8686
SCOPE OF OPERATIONS
Year Founded: 2002
Number of Employees: 17
Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms • Institutional investors • Mezzanine firms • Real estate firms • Funds of funds • SBIC Funds
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Tracking investor allocations • Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
PEF Services is a fund administrator that focuses on serving the needs of small to mid-sized funds, with an expertise in the SBIC industry. As experienced fund managers ourselves, we understand the importance of maintaining top-level quality in compliance and administrative functions while managing the costs of those functions. In addition to our services, we have built web-based applications to facilitate the collection and dissemination of information and reporting to fund partners and investors. With our technology and trained professional people, we offer a very compelling value proposition which allows a fund to achieve quality in their back office while only paying for what they need.
Number of Clients: 38 firms (representing over 70 funds)
Representative Clients: Hudson Ferry Capital, NewSpring Capital, Prophet Equity, Performance Equity Management, Plexus Capital
Cloud & Clear:
Centralizing contact management, fundraising, and investing processes.
AIM by Application Experts transforms Salesforce.com into a complete front office solution for Fund Managers.
Using AIM means better communication with limited partners and attracting and retaining more in the future. It means a deeper understanding of all investments in your universe, your pipeline, and your portfolio. It means more time investing and fundraising and less time hunting for information and preparing for meetings. CRM systems are designed to track and forecast sales activities. AIM is different. AIM speaks the language of private equity and understands the complex relationships between people and organizations in both the fundraising and investing workflows.
Leverage the Salesforce.com cloud
Application Experts created AIM based on years of experience working with alternative asset fund managers and investors. With AIM there’s no hardware to buy or software to install. Your entire team can access the system from anywhere, including a mobile phone, and share up-to-the-minute information.
AIM runs entirely inside the Salesforce.com cloud for rock-solid reliability and security. The platform is a market leader with over 2 million users and $1 billion in annual revenue.
Optimize your investment pipeline
AIM enables you to track deals through the entire evaluation process in a scalable manner. Increased deal-flow is easily handled without adding complexity and confusion.
The system provides structure and helps your team perform necessary due diligence steps accurately and on time. All important changes in deal data are tracked for easy compliance reporting.
When the time comes to make an investment decision, every piece of information you have about a deal: every meeting held, every party involved, and every critical email is in one place, facilitating more informed decisions and a more efficient process.
Maximize fundraising opportunities
AIM offers complete visibility into your fundraising pipeline and a full history of communication. The system is both flexible and robust to support a wide range of fundraising strategies.
AIM generates numbered PPM documents and can deliver them via fully integrated secure data rooms. An audit trail of who, what, and when is automatically maintained for all data room activities. Many AIM clients demonstrate their systems to potential limited partners as part of their pitch. Having a company knowledgebase that demonstrates an investing methodology and a clear record of due diligence activity makes a powerful statement to potential investors.
Complete the relationship cycle
AIM empowers your front office with tools necessary to stay in contact with limited partners and monitor all fund investments. Investor relations staff has ready access to subscription information and up-to-date metrics on portfolio companies and fund performance. This visibility creates higher levels of service and reinforces credibility for future fundraising.
Stay focused on investing, not software
Your time is valuable. You can’t afford to spend months implementing new software, nor will your team appreciate a system that adds work to their day.
We understand the world of private equity and have developed a thorough and efficient process for implementation and training so it’s completed in weeks, not months. AIM is configured to your unique needs, so it lightens your workload instead of adding to it, and once you’re up and running we provide ongoing support so your team can focus on investing and fundraising.
Contact us for a demonstration
Edward Reynolds Application Experts, LLC (303) 565-5922
http://www.app-x.com
AIM streamlines Monday morning meetings and raises
accountability for everyone. The productivity gains have
been meaningful and are driven by App-X’s unique
industry expertise.
Michael Painter, Principal Plexus Capital
SUppoRT SERvicES
3I INFOTECH - FRAMEWORK
MAIN OFFICE Level 35 25 Canada Square London, E14 5LQ United Kingdom www.frameworksoftware.com Phone: +44 (0)20 7071 3000 PERSONNEL Elspeth Goodchild Managing Director Sanjay TolaniBusiness Development Director Bulent Osman
Sales & Marketing Director Jeremy Ward
Professional Services Director Graham Fisher Operations Director Jeff Ashford Product Director Adrienne Waterfield Account Director SCOPE OF OPERATIONS Year Founded: 2000 Number of Employees:
Main Business: Software Developer
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors • Special advisors • Consultants Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
Framework is a complete, end-to-end alternative assets software solution which helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market. For the investment team, Framework’s rich, easy-to-use functionality enables effective management of relationships for fund raising and deal marketing. The system can be configured to support different deal flow processes, manage documents and meet investor reporting requirements. Framework supports the back office with powerful portfolio administration, fund accounting, performance monitoring, general ledger, reporting and ad-hoc enquiry functionality.
AARM CORPORATION
MAIN OFFICE PO Box 53 Belmont, MA 02478 USA www.aarmcorp.com/ Phone: 877 296 2276 Fax: 617 649 8898 PERSONNEL Bratati Ghosh CEO [email protected] Gitanjali Swamy Founder and ChairmanIrina Zeltser Founder and CTO
Nate Richards
Director of Business Development
SCOPE OF OPERATIONS
Year Founded: 2009
Number of Employees: 6
Main Business: Software Developer
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors • Special advisors • Consultants Services Offered
• Web site for LP data and reports • Monitoring of portfolio investments
DESCRIPTION OF SERVICES
AARM (Alternative Asset Risk Management) is a Software-as-a-Service offering (SaaS) that delivers comprehensive analytical tools – insight on demand - for investors in private equity.
ABACUS BUSINESS LEADERS,
LLC
MAIN OFFICE
500 Lake Cook Rd., Suite 350 Deerfield, IL 60015 USA www.abacusbl.com Phone: 877-412-2228 Fax: 312-637-9520 PERSONNEL Tim Knaus Principal [email protected] Matt Prazenka Principal [email protected] C.J. Ritterbusch Principal [email protected] Gary Teuber Principal [email protected] SCOPE OF OPERATIONS Year Founded: 1998 Number of Employees: 5
Main Business: Fund Administrator
Clients Served
• Families, Corporate Business Owners
DESCRIPTION OF SERVICES
Abacus Business Leaders provide hands-on senior level leadership for organizations with revenues up to $50 million. We work on an interim and project basis, full-time or part-time. We focus on growth for our clients – sales growth, earnings growth and growth in enterprise value. Key offerings include: —Strategy In A Boxsm. One of our partners facilitates this step-by-step process that engages and commits the management team to a clear purpose, specific major objectives and tactics to take the business there. —Cash flow management and balance sheet restructuring to support expanding sales —Exit and succession strategies enabling owners to work on the business and back away from being lost in it, thereby creating greater value for a future buyer.
Number of Clients: 15
Representative Clients: Cadence Inc., Concord Promotions, George T. Schmidt, Millennium Electronics, Inc., Savco Corporation
ARMOR COMPLIANCE LLC
MAIN OFFICE 22 Batterymarch Street Boston, MA 02109 USA www.armorcompliance.com Phone: 617-501-2055 Fax: 617-507-6118 PERSONNEL Douglas F. MacLean Managing Member [email protected] SCOPE OF OPERATIONS Year Founded: 2009 Number of Employees: 1Main Business: Software Developer
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors Services Offered
• Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
Armor Compliance LLC provides comprehensive compliance solutions to hedge fund and private equity fund managers.
SUppoRT SERvicES
Buyouts | VCJ | 11
Support Services report 2010
THE BURGISS GROUP
MAIN OFFICE
111 River Street, 10th Flooor Hoboken, NJ 7030 USA
www.burgiss.com Phone: 201-427-9600
BRANCH OFFICE(S)
35 W. Lancaster Avenue, Suite 100 Paoli, PA 19301 USA Phone: 610-420-5584 SCOPE OF OPERATIONS Year Founded: 1986 Number of Employees: 90
Main Business: Software Developer
Clients Served • Institutional investors • Wealthy investors • Special advisors • Consultants Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Monitoring of portfolio investments • Tracking investor allocations
DESCRIPTION OF SERVICES
Burgiss provides sophisticated analytical toolsets along with rich industry data to enable institutional investors and advisors to make sense of their private equity and real asset portfolios. By helping clients understand their data through Private i, Private informant and Private iQ, investment managers can evaluate history to make better informed decisions about the future.
Number of Clients: 305
CITI PRIVATE EQUITY SERVICES
MAIN OFFICE
245 Fifth Avenue New York, New York 10016 USA www.privateequity.transactionservices.citigroup.com Phone: 212-477-0909 Fax: 212-447-7020 PERSONNEL Joe Patellaro Managing Director [email protected] Andrew Hoemann Director [email protected] Mark O’Connor Senior Vice President
John Vancura Senior Vice President
BRANCH OFFICE(S)
One Sansome Street, 21st Floor San Francisco, CA 94104, USA Phone: 415-627-6377 [email protected] Glenn Kennedy 3 Garden Road
Citibank Tower, 39th Floor Central, Hong Kong Phone: 852-2868-8986 [email protected] Gavan McGuire 33 Canada Square Canary Wharf Citigroup Centre 1 London, UK Phone: 44 207 508 0220 [email protected] SCOPE OF OPERATIONS Year Founded: 1993 Number of Employees: 270
Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms • Institutional investors
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors • Allocation of taxes • Tracking investor allocations • Preparation of tax filings
DESCRIPTION OF SERVICES
Citi Private Equity Services is a leading global provider of accounting, adminstration and tax services to the private equity and venture capital industry. Citi offer a high customized shared service solution, experienced staff with robust industry knowledge, and leading-edge technology. Citi’s comprehensive range of professional services and solutions include: Fund Administration, Accounting & Investor Services, Tax Compliance Services, Corporate Services and Technology. Citi has a global presence with an exclusive focus on private equity.
Number of Clients: 100+ Sponsors
(ISR) - MANAGEMENT &
CONSULTING LTD
MAIN OFFICE 92 Arlozorov Street Holon, Israel 58380 www.contact-inv.com Phone: +972 3 651 33 52 Fax: +972 3 505 87 91 PERSONNEL Ofer Abarbanel Chief Executive OfficerTsvia Bar
Chief Operating Officer
SCOPE OF OPERATIONS
Year Founded: 2000
Number of Employees: 65
Main Business: Fund Administrator
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors • Special advisors • Consultants
• Sovereign Wealth Funds
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
Complete Front Office, Middle Office and Back Office Services, Full compliance under Basel 2, Solvency 2, MIFID and Regulations NMS Daily Market-to-Market, Stress Testing, VaR, IVaR and Monte Carlo Simulations, Straight Through Processing at T+0
Number of Clients: 35
Representative Clients: Israel Ministry of Finance, Teva Pharmaceuticals, Israel Aerospace Industries, Clal Insurance BMW (Israel)
CORTLAND FUND SERVICES
MAIN OFFICE 225 W. Washington, Suite 1450 Chicago, Il 60606 USA www.cortlandfs.com Phone: 312-564-5100 Fax: 312-376-0751 PERSONNEL Tom Pearson Managing Director [email protected] Doug Hart Managing Director [email protected] Russ Goldenberg Managing Director [email protected] Lora Peloquin Managing Director [email protected] Tim Houghton Managing Director [email protected] Greg Myers Managing Director [email protected] Michael Dombai Director [email protected]
SUppoRT SERvicES
Kevin Williams Director [email protected] Suzanne Smith Managing Director [email protected] Jessica MeadManaging Director, General Counsel
[email protected] Matt Biver Director [email protected] Luke Newcomb Manager [email protected] Radoslava Karaivanova Manager [email protected] Beata Konopko Manager [email protected] SCOPE OF OPERATIONS Year Founded: 2008 Number of Employees: 32
Main Business: Fund Administrator
Clients Served
• Venture firms • Institutional investors
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
Cortland is a provider of fund administration and outsourcing services to hedge funds, asset managers, banks, mortgage companies and government agencies. Cortland provides independent asset servicing, analytics, reporting, and accounting functions required by institutional investors and fund managers to operate their day-to-day business. Additionally, clients find an expert team of consultants prepared to offer their depth of knowledge to enhance the success of any phase or business niche. Experience the high-touch service Cortland has to offer.
Number of Clients: 65
DMLT - INVESTMENT CAFE
MAIN OFFICE 245 5th Ave New York, NY 10016 US www.investmentcafe.com Phone: 212-213-0153 Fax: 212-213-0153 PERSONNEL Kenneth M. PierceCo-Founder and Managing Partner
[email protected] Ben Mazza Managing Director [email protected] BRANCH OFFICE(S) 22 W. Washington, Suite 1500 Chicago, IL 60602 USA Phone: 312-854-8050 [email protected]
21/F ICBC Tower, Citibank Plaza 3 Garden Road
Central, Hong Kong Phone: +852 2273 5857 [email protected] Ashwin Advani 502, Shreekanth Chambers Chembur, Mumbai 400071 India Phone: 91-022-25211184 [email protected] Gene Berry
1731 South Kings Avenue Brandon, FL 33511 USA Phone: (813) 676-0508 [email protected] SCOPE OF OPERATIONS Year Founded: 2001
Main Business: Software Developer
Clients Served
• Buyout firms • Venture firms
• Real Estate, Fund of Funds, Mezzanine, Debt, Hedge Funds and all other Alternative Asset Firms
Services Offered
• Managing of capital calls, distributions • Web site for LP data and reports • Tracking investor allocations
DESCRIPTION OF SERVICES
DMLT is an independent company offering a suite of Web-based financial reporting & fundraising products to the alternative asset community under the brand name Investment Café. DMLT serves firms managing over $150 billion in capital commitments with more than 46,000 investors in 120+ countries. DMLT’s flagship product, Investment Café includes Investor Reporting, Fundraising, CRM and Capital Call Management. Investment Café has been the system of choice because it addresses the unique needs of the investor, and provides productivity tools that significantly reduce the burden of fund administration.
EACG GMBH
MAIN OFFICE Schweizer Str. 16 Frankfurt am Main, 60594 Germany www.eacg.de Phone: +49 69 3660 2860 Fax: +49 69 3660 2857 SCOPE OF OPERATIONS Year Founded: 2004 Number of Employees: 8Main Business: Fund Administrator and Software Developer Clients Served • Buyout firms • Venture firms • Consultants DESCRIPTION OF SERVICES
Enterprise Architecture Consulting Group is specialized in re-arranging IT-driven business models and rebuilding IT architectures. We have developed a special Risk Analysis Matrix for IT due diligence allowing focussed Business/IT assessments.
EAGLE INVESTMENT SYSTEMS
MAIN OFFICE
One Wells Avenue Newton, MA 2459 USA www.eagleinvsys.com Phone: 617-219-0100 PERSONNEL John Lehner President and CEO Marc Firenze Chief Technology Officer Fred Schpero Chief Financial Officer Dan St. Onge Chief Operations Officer
BRANCH OFFICE(S)
65 LaSalle Road, Suite 305 West Hartford, CT 6107 USA
Phone: 1-860-561-4602
DIFC-The Exchange Bldg.5 North Level 6 P.O.Box 506723
Dubai, U.A.E
Phone: + 971 44 252 501 Eagle Investment Systems BNY Mellon Centre 160 Queen Victoria Street London, EC4V 4LA, UK Phone: + 44 20 7163 5700 Eagle Investment Systems 200 Park Avenue, 7th Floor New York, NY 10166 USA
SUppoRT SERvicES
Buyouts | VCJ | 13
Support Services report 2010
Eagle Investment Systems One Mellon Financial Center 500 Grant Street Pittsburgh, PA 15258 USA Phone: + 1 412 234 1131 SCOPE OF OPERATIONS Year Founded: 1989 Number of Employees: 500
Main Business: Software Developer
Clients Served
• Institutional investors
Services Offered
• Allocation of taxes
• Monitoring of portfolio investments • Regulatory compliance
DESCRIPTION OF SERVICES
Eagle Investment Systems LLC is a global provider of financial services technology, serving the world’s leading financial institutions. Eagle provides enterprise-wide, leading-edge technology and professional services for data management, investment accounting and performance
measurement. Eagle’s Web-based solutions support the complex requirements of firms of any size including institutional investment managers, mutual funds, hedge funds, brokers, public funds, plan sponsors and insurance companies. Eagle’s product suite is offered as an installed application or can be hosted via Eagle ACCESSSM, Eagle’s ASP offering. Eagle Investment Systems LLC is a subsidiary of The Bank of New York Mellon Corporation.
Number of Clients: 130
ENDURANCE ASSET
MANAGEMENT, INC
MAIN OFFICE
1661 Worcester Road, Suite 303 Framingham, MA 1701 USA www.endurancecap.net Phone: 508-665-4800 Fax: 508-665-4801 PERSONNEL Mike Hullinger President & CEO
[email protected] John McDonough Portfolio Manager/Partner [email protected] Jeff Diggins Partner [email protected] Mona Macero CIO [email protected] BRANCH OFFICE(S)
5 Milk Street, Suite 301 Portland, ME 4101 USA
Phone: 207-772-1332 Fax: 207-874-0868
ERNST & YOUNG
MAIN OFFICE 5 Times Square New York, NY 10036 USA www.ey.com Phone: 212-773-3000 Fax: 212-773-3000 PERSONNEL David Origlia Director [email protected] SCOPE OF OPERATIONS Year Founded: 1900 Number of Employees: 250,000
Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms • Institutional investors
Services Offered
• Monitoring of portfolio investments • Preparation of tax filings
• Regulatory compliance • Valuation services
Number of Clients: 150
Representative Clients: Fortress, York Capital, The Carlyle Group, Warburg Pincus, Lexington Partners
EXTENSIONENGINE
MAIN OFFICE 47 Reservation Road Andover, MA 1810 USA www.extensionengine.com Phone: 888-822-2516 Fax: 888-822-2516 PERSONNEL Niksa Radovic CTO [email protected] BRANCH OFFICE(S) Croatia [email protected]FASCET LLC
MAIN OFFICE 224 W. 30th St., Suite 808 New York, NY 10001 www.fascet.com Phone: 212-448-9830 Fax: 212-937-3809 BRANCH OFFICE(S) 206 11th Street, Suite 504 Atlanta, GA 30309 Phone: 2123650669 [email protected] SCOPE OF OPERATIONS Year Founded: 2002 Number of Employees: 10Main Business: Software Developer
Clients Served • Buyout firms • Institutional investors • Wealthy investors • Special advisors • Consultants • Fund Administrators Services Offered
• Managing of capital calls, distributions • Monitoring of portfolio investments • Tracking investor allocations
DESCRIPTION OF SERVICES
Data Integration (Interfaces) Portfolio Analytics Reporting Portfolio Managment System Implementation
Number of Clients: 50
FONDS DE SOLIDARITE FTQ
MAIN OFFICE
545 Cremazie Blvd. East, Suite 200 Montreal, Quebec H2M 2W4 Canada www.fondsftq.com Phone: 514-383-8383 Fax: 514-850-4847 SCOPE OF OPERATIONS Year Founded: 1983 Number of Employees: 450
Main Business: Fund Administrator
Clients Served
• Buyout firms • Institutional investors • Consultants
Services Offered
• Monitoring of portfolio investments
GEN II FUND SERVICES LLC
MAIN OFFICE
1270 Avenue of the Americas, 20th Floor New York, New York 10020
USA www.gen2fund.com Phone: 212-408-0550 Fax: 212-408-0594 SCOPE OF OPERATIONS Year Founded: 2009 Number of Employees: 30
Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Monitoring of portfolio investments • Tracking investor allocations
SUppoRT SERvicES
DESCRIPTION OF SERVICES
Gen II is exclusively focused on providing superior fund administration services to private equity fund sponsors and investors throughout the world. We have an unmatched level of private equity industry experience.Our services include :fund administration and accounting(which includes partner allocations and waterfall computations) ,capital call and distribution processing,investor relations,risk management and performance reporting.In addition Gen II provides bill paying,accounting and financial reporting services to fund managers,general partner entities and portfolio companies.
Number of Clients: Servicing over 15 Billion of Committed Capital
GLENARA MANAGEMENT
SERVICES LTD
MAIN OFFICE
36, Ibis Avenue Sodnac, Quatre Bornes Mauritius www.glenaraservices.com Phone: 230-427-3676 Fax: 230-427-1561 PERSONNEL Lorna Chuttoo Managing Director [email protected]
Claude Michel Jory
Head of Business Development
Yadvi Desha
Legal and Compliance Executive
Nazleen Edoo Company Secretary
Kovilen Pyanee Chief Financial Officer
Subiraj Ramanjooloo Accounts Manager
Yoshinee Parasuraman Head of Valuation Department
SCOPE OF OPERATIONS
Year Founded: 2008
Number of Employees: 24
Main Business: Fund Administrator
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors • Special advisors • Consultants • Investment Managers Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
Fund establishment Registrar and transfer agency Administration, valuations and reporting Insurance policy administration and unit pricing calculations Stock Exchange Listings Company Formation
Number of Clients: 40
Representative Clients: Juridica Investment Ltd, Cenkos CI Ltd, Midas Capital Plc., MKE Ltd, Kantour Recour
INVESTMENT DATA SERVICES
GROUP (IDS)
MAIN OFFICE
5th floor, IDS House, 8 St Georges Mall
CapeTown, Western Cape 8001 South Africa www.idsfundservices.com Phone: +27 21 4021600 Fax: +27 865748893 PERSONNEL Ian Hamilton Chairman and CEO
[email protected] Tony Christien Director [email protected] Andrew Frankish Director [email protected] Andrew Minor Manager [email protected] BRANCH OFFICE(S) 1 Berkeley Street London, W1J8DJ United Kingdom Phone: +44 20 70169161 [email protected] 2nd floor, tower Business Centre Tower Street Swatar, BKR3013 Malta Phone: +356 2546 6666 [email protected] IDS Mauritius
2nd floor, Block B, Ruisseau Creole Offices La Mivoie, Riviere Noire
Mauritius Phone: +230 483 5130 [email protected] SCOPE OF OPERATIONS Year Founded: 2002 Number of Employees: 95
Main Business: Fund Administrator
Clients Served
• Venture firms • Institutional investors • Wealthy investors • Special advisors
• Hedge Funds and Funds of Hedge Funds
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
IDS is a leading independent specialist fund services company, we provide a full suite of integrated back office administration services to hedge fund managers, fund of fund managers and private equity fund managers. Key services will include advice determining fund structure and domicile, full and independent reconciliation and pricing of the portfolio, maintenance of the investor register and processing of subscriptions and redemptions.
Number of Clients: 80
INVIENT
MAIN OFFICE
1388 Terra Bella Avenue Mountain View, CA 94043 USA www.invient.com Phone: 650-316-5990 SCOPE OF OPERATIONS Year Founded: 1994 Number of Employees: 52
Main Business: Fund Administrator and Software Developer Clients Served • Institutional investors • Special advisors • Consultants Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
From family trusts to funds of funds, private equity LPs of all sizes use Invient’s outsourced services and software products to reduce their back-office costs while improving the quality of investment decisions.
SUppoRT SERvicES
Buyouts | VCJ | 15
Support Services report 2010
IPS-INVESTMENT PARTNERSHIP
SERVICES LLC
MAIN OFFICE
176 Federal Street, 5th Floor Boston, MA 2110 USA www.ipsfundservices.com Phone: 617-723-5023 Fax: 617-812-2662 SCOPE OF OPERATIONS Year Founded: 2001 Number of Employees: 4
Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
IPS offers small to mid-sized funds the highest level of service and provides custom solutions for complex requirements. Unlike clients of larger providers, IPS clients work directly with our top professionals. This hands-on, proactive approach means that your fund gets the attention it deserves and the service you expect. IPS is owned by our professionals with no outside investors. All IPS professionals are trained at top-tier institutions and either are CPAs or on track to becoming CPAs — something you just won’t find anywhere else.
Number of Clients: 23
J.P. MORGAN PRIVATE EQUITY &
REAL ESTATE SERVICES
MAIN OFFICE
1 Chase Manhattan Plaza New York, NY 10005 USA www.jpmorgan.com/visit/pps Phone: 212-552-4100 Fax: 646-224-5560 BRANCH OFFICE(S)
1 Chase Manhattan Plaza, Floor 17 New York, NY 10005-1401 USA
Phone: 212-552-4553 [email protected] 60 Victoria Embankment, Floor 04 London, EC4Y 0JP
UK
Phone: (44) 207-325-9566 [email protected] Angus St. John - Head of Sales in Asia 168 Robinson Road, Floor 24
Singapore, 68912 Singapore
Phone: (65) 68827713 [email protected]
David Edwards - Head of Sales in Australia 259 George Street, Floor 36
Sydney, 2000 Australia Phone: 612 9250 4127 [email protected] SCOPE OF OPERATIONS Year Founded: 2005 Number of Employees: 275
Main Business: Fund Administrator
Clients Served
• Venture firms • Institutional investors • Wealthy investors
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
DESCRIPTION OF SERVICES
J.P. Morgan provides innovative outsourced private equity, real estate and infrastructure solutions that leverage our extensive expertise, powerful technology and proven processes. We support the needs of the world’s leading private equity funds through decades of experience and a reputation for superior quality of service. Our service is distinguished by the breadth of our capabilities that go beyond financial reporting and book-keeping to cover waterfall and carry administration, financial calculations oversight, and property data optimization, to help clients enhance returns, mitigate risk and increase efficiency. We are located in New York, Chicago, Dallas, San Francisco, London, Sydney, Jersey, Luxembourg and Hong Kong.
Number of Clients: 100
KAUFMAN ROSSIN FUND
SERVICES
MAIN OFFICE 155 Federal St, 6th Floor Boston, MA 2110 USA www.krfs.com Phone: 305-858-5600 Fax: 305-856-3284 SCOPE OF OPERATIONS Year Founded: 1994 Number of Employees: 75Main Business: Fund Administrator
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports
• Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
KG FINANCIAL SOFTWARE PVT
LTD
MAIN OFFICE KG Campus Saravanampatti Coimbatore, Tanilnadu 641035 India www.kgfsl.com Phone: 0422-2666187 Fax: 0422-2668325 PERSONNEL Gerald JonathanManager - Business Development
BRANCH OFFICE(S)
SUITE #108, 1ST FLOOR, NO-12,BAKE HOUSE KHALA GHODA, FORT
MUMBAI, MAHARASHTRA 400023 INDIA Phone: 022-32496889 [email protected] SCOPE OF OPERATIONS Year Founded: 2004
Number of Employees: More than 200
Main Business: Software Developer
Clients Served
• Institutional investors • Wealthy investors
• Retail Stock Brokers, Asset Management Companies, Banks
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Monitoring of portfolio investments • Preparation of tax filings
• Regulatory compliance
DESCRIPTION OF SERVICES
Software Solutions, back office brokering-clearing and settlement, middle office wealth management solutions, financial accounting solutions
Number of ClientsMORE THAN 150
Representative ClientsHSBC Securities and Capital Markets (India) Private Ltd, Mumbai , HSBC Custodial Services, UBS Securities, India, Macquarie Capital Securities India Pvt Ltd, Barclays Capital India Pvt Ltd, Indiabulls Capital, India, ABN Amro Asia Equities India Ltd (now RBS), HSBC Asset Management Company, Mumbai, HSBC Bank India, HSBC Investdirect Securities, DSP Merrill Lynch, Mumbai (now BOA), Morgan Stanley India Financial Services, Mumbai, Shah Investors Home Ltd, Ahmedabad, Fortune Wealth Management Pvt Ltd, Coimbatore, Basan Equity Broking Pvt Ltd, Hyderabad
SUppoRT SERvicES
LA MEER ASSOCIATES
MAIN OFFICE 426 Novato Avenue Sunnyvale, CA 94086 USA www.lameera.com Phone: 408-739-2562 PERSONNEL Laxmi Ramanath CEO [email protected] Srini Venkatesan COO [email protected] Damian Clinton VP of Sales and MarketingGlen Patterson
Director Sales and Marketing East Coast
Girish Gurnani
Head of IT Business Consulting
Pradnya Jhamkhedkar Senior Business Analyst
SCOPE OF OPERATIONS
Year Founded: 2007
Number of Employees: 8
Main Business: Software Developer
Clients Served • Venture firms • Institutional investors • Wealthy investors • Special advisors • Consultants Services Offered
• Monitoring of portfolio investments • Tracking investor allocations • Regulatory compliance
DESCRIPTION OF SERVICES
La Meer associats offers GRACE-IM for Operational risk management system for fund administrators, custodians, hedgefunds, broker / dealers, RIAs and GRACE-ODD Operational due diligence systems for institutional investors
LEVERPOINT MANAGEMENT LLC
MAIN OFFICE 855 Route 146, Suite 250 Clifton Park, NY 12065 United States www.leverpointmgt.com Phone: 518-373-5500 Fax: 518-348-1348 PERSONNEL Krista McCoy Managing Director [email protected] Glen Shields Managing Director [email protected] BRANCH OFFICE(S) 230 Park Avenue New York, NY 10169 United States Phone: 518-373-5500 SCOPE OF OPERATIONS Year Founded: 1995 Number of Employees: 30Main Business: Fund Administrator
Clients Served
• Buyout firms • Venture firms • Institutional investors
Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Tracking investor allocations • Preparation of tax filings
DESCRIPTION OF SERVICES
LeverPoint Management LLC is a boutique fund adminstration firm that has been servicing the private equity industry for over 15 years. We work to form a partnership with our clients that will last from fund to fund. We provide accurate and timely delivery of all fund and management company reporting. We also have the ability to provide tax preparation and compliance for private equity entities.
Number of Clients: 40
LKCM
MAIN OFFICE
301 Commerce Street, Suite 1600 Fort Worth, TX 76102
US
Phone: 817-332-3235
SCOPE OF OPERATIONS
Year Founded: 1979
Main Business: Fund Administrator
Clients Served • Buyout firms • Venture firms • Institutional investors • Wealthy investors Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Allocation of taxes
• Monitoring of portfolio investments • Tracking investor allocations • Preparation of tax filings • Regulatory compliance
MB FUND ADMINISTRATION
SERVICES
MAIN OFFICE E - 51 Sector - 3Noida, Uttar Pradesh 201301 India
www.mbbpo.com
Phone: +91 – 0120 – 4272365 Fax: +91 – 0120 – 4272365
PERSONNEL Anil Kumar Varshney CPA - Head of Department
Bhupesh Kumar CPA - Team Manager
Sunny Aggarwal CPA - Team Manager
Nitin Uppal CPA - Team Manager
Sandeep Bajpayi Senior Financial Analyst
Mukesh Sharma Senior Financial Analyst
[email protected] Manoj Tuteja Financial Analyst [email protected] Amit Kumar Financial Analyst [email protected] SCOPE OF OPERATIONS Year Founded: 2007 Number of Employees: 20
Main Business: Fund Administrator and Software Developer Clients Served • Buyout firms • Venture firms • Institutional investors • Special advisors • Hedge Funds Services Offered
• Managing of capital calls, distributions • Creating quarterly and annual reports for
investors
• Web site for LP data and reports • Monitoring of portfolio investments • Tracking investor allocations
DESCRIPTION OF SERVICES
• Fund Administration • Book Keeping • Portfolio Management • Financial Reports
Number of Clients: 10
Representative Clients: Caspian P.E. Fund; Caspian Real Estate; Caspian Capital Management; Natixis Caspian Private Equity; OLX Inc
