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eFront launching Limited Partner specific solution, Pevara

Provides independent decision support and aids transparency for improved returns control.

eFront, a leading provider of software for the alternative assets sector, is launching a new decision support and benchmarking solution to meet the specific needs of Limited Partners in the private equity sector. The new service, known as Pevara, is a web application offering performance monitoring and benchmark analysis. It enables the global LP community to conduct independent analysis of investment returns, monitor industry performance trends and conduct like-for-like comparisons of investments for consistent, accurate risk reporting and asset allocation monitoring.

Olivier Dellenbach, founder, president and CEO of eFront says, “The LP community has largely been under-served by technology providers, and is often simply expected to mold their business models into solutions designed for general partners, which inevitably produces sub-optimal results and hinders best practice. This development strengthens our position in the space: eFront has long been at the forefront of developing solutions that support our industry’s desire to mature and become more transparent and efficient. We are launching Pevara in support of that goal and to provide our LP customers with the means to monitor the performance of their portfolios, verify GP-provided data, and improve their decision-making accordingly.”

Pevara is based on eFront’s proven technology and is available on a Software as a Service (SaaS) model. Subscribers benefit from access to Pevara’s extensive analytics tools as well as standard and easily customizable reports, backed up by Pevara’s robust, comprehensive database of global fund performance. Benchmarking data is supplemented with private information, as clients can also upload cash flow data to measure the performance of their own portfolios or upload data for prospective investments and perform what-if analysis. The SaaS model means that users can take advantage of the facility and public databases within minutes, rather than months.

The service is designed to be easy to use and improve operational efficiency. Real-time filtering of results from single clicks eliminates hours of Excel modeling and data sorting to allow investment teams to focus on better strategic decision-making rather than data entry and administration. Ease of use is paramount: user interfaces are based on familiar spreadsheet packages, while drag-and-drop functions with real-time result filters aid the configuration of individual, presentation-quality reports. Clients can also save report configurations, results and filter combinations and share them with colleagues.

Jeremy Hocter, product manager of Pevara says, “Pevara addresses two of the key trends currently seen in the financial markets: a demand for greater transparency and accountability, and the increasing requirement for LPs to evaluate new investment managers. The ability to conduct their own real-time analysis enables LPs to demonstrate best practice to their own investors and facilitates compliance with reporting regulations, while the accuracy of the benchmarking data is underpinned by the fact that Pevara is powered by real cash flows. Our strong presence across Europe and Asia, as well as North America, means that we can provide a truly global service to customers. Pevara improves the evaluation tools available to LPs, allowing them to make better decisions, faster.”

Pevara is available in beta from 1st November, with the full version to be launched in Q1 2012.