eVestment has released a new reporting module for private equity GPs within its track record analytics and management tool, TopQ. TopQ’s new Excel Report Builder equips users to re-create their clients’ report templates in the app, choosing the specific data points and configurations required. In a matter of clicks, GPs can then export their latest fund performance into pre-formatted outputs that align with individual client requirements, saving time and equipping them with a more responsive reporting process.
“Providing insights to both GPs and LPs has been the mission of the TopQ product since day one,” says Graeme Faulds, Director of Product for eVestment’s Private Markets division. “Especially in this volatile environment, many GPs need to give their investors insight on performance as soon after quarter-end as possible. There’s a natural lag in private markets, but the lag should not be exasperated by inefficiencies in current processes of pulling data into the configuration and cuts required by each of their investors. This latest development in TopQ helps GPs automate this to a greater extent, and significantly reduces the time and effort involved in delivering insights to their investors.”
TopQ helps fund managers streamline and improve the starting point of the reporting process, too: using the tool’s performance calculation engine, users can simply upload transactional cash flow data and parameters for a full track record of deal and fund metrics to be calculated in a consistent and accurate way almost instantaneously. Sophisticated data analytics and visualisation tools enable the user to then draw insights just as quickly.
