Gen II Fund Services has launched a free iPad and iPhone application for the private equity industry designed to enable investors to quickly and easily compute IRR and exit multiples on their investments.
"We are pleased to be one of the first to offer the private equity industry an easy and accessible way to calculate complex IRR returns," says Gen II Managing Principal Norman Leben. "With institutional investors constantly traveling, the mobility of this application allows them to make a quick determination of the performance of their investment. There are other IRR calculators in the market but we believe none is as easy to use as the Gen II IRR Calculator."
"It’s hard to keep it simple and yet be comprehensive. We put a lot of effort into the design of this application so investors can, in a few easy steps, professionally calculate their return on a given portfolio investment," says Steven Millner, Managing Principal at Gen II. ‘By inserting the amount and date of the initial investment, and the cash flow activity, the IRR can be calculated in as few as three steps."
