TIAA-CREF is utilizing FrontInvest to support its private equity investment operations through the implementation of a private equity fund accounting system. This system processes, controls, monitors, maintains and reports on the accounting records of TIAAâs (and its
subsidiariesâ) Private Equity Funds portfolio using Statutory Accounting Principles (SAP). FrontInvest will enable TIAA-CREF to integrate the organizationâs accounting and front office processes within a single, global information system that includes: contact management, deal flow tracking, fund administration, investor management, accounting and reporting dashboards.
âFrontInvest is a significant upgrade as we now have access to a Web-based, scalable solution with a wide range of functionalities to cover multiple assets in an integrated manner,â said Andrew Miller, Director, Asset Management Enterprise Application Services - Global Real Estate & Private Markets, TIAA-CREF. âThis professional software solution will improve our internal processes, enable us to manage the ever increasing complexity of our business and accounting activities and in turn, enhance the service we provide to our clients.â
âWe are very pleased to have TIAA-CREF as a client and its implementation of FrontInvest is testimony to the hard work of our team in New York and the benefits that eFrontâs software solutions deliver,â said Laurent BrÃ©boin, Chief Operating Officer, eFront.
âAs a leading provider in North America, we are in a strong position to address the current market expectations for a single Front-to-Back solution covering multiple alternative assets like Private Equity and Real Estate.â