Transparency is a key objective amongst private equity firms.
eFront, the leading software solutions provider for the alternative assets’ industry, today announced the release of a Bedford Park Associates white paper providing insight on how the industry should cultivate a more robust operational environment for reporting. Sponsored by eFront, the papertitled “Creating more effective operational reporting environments for private investments” finds transparency to be a key objective amongst private equity firms.
Author Carol Penhale, President and Founder of Bedford Park Associates, reviews the goal amongst private equity firms to bring greater transparency to their investment operations. There are many factors that affect a firm’s ability to improve private investments reporting. These could be driven by technology, by quality and availability of data or others by the rapid rise in level of sophistication demanded. The paper provides advice on what businesses should consider to overcome these challenges, and explores the next generation reporting & business environments.
“Many firms are struggling with sufficient skill sets, adequate data and technology to keep pace with accelerating demands from private investments. There is insufficient experience within most firms to create the vision to migrate the operation to a more effective target state,” said Carol Penhale, President and Founder of Bedford Park Associates. She further commented, “In our work with private investment managers on strategic and operational blueprints, BPA is seeing recurring themes and we are pleased to be able to encompass these concepts for firms seeking evolving practices guidelines.”
“Carol Penhale provides an excellent overview of the challenges that private equity now faces in leveraging their data for better reporting practices,” added Eric Bernstein, Chief Operating Officer, eFront, North America. “In recent years the increase in sophistication in private equity investments has led to substantial increases in demand for frequency of reporting and transparency, creating needs for software solutions.”
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