Limited Partners, General Partners and Data: The Saga Continues
Transparency is on the rise, but more work needs to be done by GPs to close the information gap in uncertain times.
16 November 2020
There’s more data than ever flowing through private equity (PE). However, limited partners (LPs) — public and private pensions, foundations, family offices, sovereign wealth funds and endowments — aren’t necessarily receiving the reporting and portfolio performance updates that they require in a standardized way.
In the recently published 2021 SS&C Intralinks LP Survey produced in association with Private Equity Wire, 196 global LPs were asked what would help improve their relationship with GPs. Sixty percent of LPs felt that more transparency would further bolster the relationship and improve the optics of transparency.
With LPs hungry for data and the adoption of ILPA reporting templates becoming more commonplace in PE in the post-pandemic environment, GPs need to level up to stay competitive. Investors’ rising sophistication means that they expect to receive regular, standardized reporting to help them take a real-time pulse across all allocations.
SS&C Intralinks’ InvestorVision helps GPs rise to the occasion with their communications needs while exceeding LPs’ expectations. Features including a user-friendly interface to ILPA standardized templates allowing for faster analysis and seamless workflows.
While large funds typically have sizable investor relations teams, smaller funds can immediately benefit from the solution by reducing labor-intensive processes, thus freeing up team members to work on higher-level tasks. Plus, better reporting will help GPs retain LPs.
Investors are pushing for more granularity and efficiency. They want robust, detailed data on their investments, not just at the fund level but drilled down to the individual portfolio company level. In a hyper-competitive market, are you prepared to give them what they want?
As Director of Strategy and Product Marketing for Intralinks, Meghan McAlpine is responsible for the go-to-market strategy and driving the growth of the company’s Alternative Investments solution, the leading communication platform for private equity and hedge fund managers and investors.
Prior to joining Intralinks, Meghan worked in the Private Fund Group at Credit Suisse. While at Credit Suisse, she raised capital from institutional and high net worth investors for domestic and international private equity firms.