Private markets solutions specialist the StepStone Group has become an Alliance Partner of The ID Register, which offers investors streamlined subscription, KYC and FATCA-CRS services that meet high global standards.
Approved investors can subscribe into new private markets funds without having to repeatedly provide their subscription materials and KYC information.
As an independent hub, The ID Register is trusted by over 25,000 investors and 270 clients as the onboarding authority across the private markets and beyond. Recently regulated in Guernsey, The ID Register is a compelling and efficient solution for all private market participants:
• Investors are approved once in a private profile, increasing privacy and eliminating hassle;
• Fund Managers give investors a smoother onboarding experience at lower cost; and
• Service Providers can rely on The ID Register to reduce risk, overhead and barriers to growth.
Jason Ment, President and Co-COO of StepStone says: “We have been clients of The ID Register over several fundraising cycles since 2016 and see the clear benefits of this centralised approach. Our clients control their own information and can update it as their circumstances change. Our subscription materials are considerably simpler and less time consuming which then allows our funds to close more quickly and cost effectively. We are proud to help to shape the continued evolution of The ID Register as an innovative solution for the private markets.”
Tim Andrews, Founder of The ID Register, says: “StepStone has supported our growth as clients and I am now delighted to welcome them as Alliance Partners. As we invest strongly across our people and technology, strengthen our ground-breaking regulated status and support our clients ever more closely, I am hugely grateful for the counsel and support of the StepStone team.”
