Over the past year, Alter Domus has seen continued demand from the industry to provide quality data and information to stakeholders on a timely basis. This trend has led to an increasing number of private equity fund managers looking to leverage the wider capabilities of fund administrators.
Over the past year, Alter Domus has seen continued demand from the industry to provide quality data and information to stakeholders on a timely basis. This trend has led to an increasing number of private equity fund managers looking to leverage the wider capabilities of fund administrators.
Tim Toska, Group Global Head of Private Equity at Alter Domus, says: “Fund administrators like ourselves are now helping to accelerate the digitisation of our industry. This shift has resulted in more dynamic reporting dashboards and more efficient workflows, such as electronic subscription fulfillment processes.”
Building data connections
One key area that current and prospective clients are seeking assistance with is data solutions. Investors and managers want to be able to build connections within the data, even between disparate datasets, to help paint a complete picture. Technology solutions are helping both fund administrators and their clients to drive efficiency, accuracy, and competitive advantage.
“Good tech enables strong data strategies,” Toska believes. “Our position at the intersection of so much data drives much of the value we deliver for clients, and we see the need for timely and accurate transparency as the big driving force behind these evolving data demands.”
GPs and investors have proven to have insatiable appetites for data. Reporting platforms like Alter Domus’ CorPro web portal can help them funnel large volumes of data to create their own dashboards and have their own analysis, graphs, and reports.
Data integration
The next trend will be capturing all this information and integrating it into their own systems. “GPs and investors want to own this data, to have a higher frequency of data reporting, and to acquire the flexibility to build their own tailored reports,” says Toska.
Alter Domus also understands the need for standardised, real-time reporting, especially as increasing numbers of GPs are building more global fund structures. Standardised reporting will significantly reduce challenges related to raising capital around the globe, allowing managers and investors to better seize international opportunities.
“This is why we’ve built unique modules within CorPro, such as ReportPro, which are poised to deliver vast amounts of value — and data — to our clients,” Toska adds.
Record growth expected
Over the next 12-18 months, Toska believes the private equity industry will remain on the same trajectory of record growth in terms of capital raised and will continue to attract retail investors. “As that occurs, we will see additional M&A activity amongst managers as a means to enter new markets and offer access to new investment strategies.”
As the increased demands will put managers’ operating models under pressure, many managers that haven’t yet considered outsourcing may use this as the opportunity, and those that already have may investigate additional services to outsource. “Having a partner like Alter Domus that can provide the technical and jurisdictional expertise as well as a technology solutions will prove to be beneficial,” Toska says.
Toska concludes: “I believe Alter Domus was chosen to win this award thanks to our unique combination of people, expertise, technology and scale. We understand the landscape, we have expert teams built around each of the sectors we serve, and we strive to add value to clients’ operations daily.”
Tim Toska, Global Head of Private Equity
Prior to becoming Global Head of Private Equity, Tim Toska was Managing Director and Co-Head, Private Equity Operational Leader, North America where he oversaw the private equity operations management team from the Darien, Connecticut office. In addition, he assisted on various operating initiatives and business development for the firm across Private Equity, focusing on fund-of-funds. Toska was a Director at Carta Fund Services, which became part of the Alter Domus Group in 2017. He was responsible for managing fund engagements and leading various business development and operating initiatives for the firm. Toska is a Certified Public Accountant and a CFA Level III Candidate with over fifteen years of experience in the accounting and finance industry.
