Partner Attribution gathers realized and unrealized value created by a fund and allocates it back to the individual professionals and teams that created it. General Partners now have an unbiased way of measuring and rewarding value attribution over 1, 3, 5 and 10-year periods.
âAlthough we were getting by with our legacy attribution system, it made perfect sense to have Relevant extend EquityWorks,â said Roberto Ramirez, vice president of finance, TA Associates. âWe used to dread the compilation of partner attribution packages. Now weâre generating easy-to-read reports that measure the value created by individuals, job roles and teams over various time horizons.â
âThis new capability illustrates our company philosophy of listening closely to our clients and then developing highly effective, actionable functionality that enhances their operations and fund performance,â said Ray Haarstick, CEO and founder, Relevant Equity Systems. âWe worked hard to deliver the new Partner Attribution component just in time to help firms factor attribution into their year-end bonuses.â