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AltExchange Alliance grows by 50 per cent in two months

The AltExchange Alliance, a private equity industry group launched in May 2013, has seen significant growth in membership and key progress in developing the industry’s first global data standard for sharing alternative investment information.

Several leading firms from the GP community have joined the Alliance in the last two months. The new membership further demonstrates the need for a global data standard to enable efficiency, accuracy and transparency across the alternative investment industry. 
 
The following firms have joined the group: Aberdeen SVG Private Equity, Apollo Global Management, The Carlyle Group, CVC Capital Partners, Encore Funds, Franklin Park, Lupton Company, Partners Group and Pine Brook Partners.
 
AltExchange aims to create and maintain an actionable, enforceable and verifiable alternative investment data standard, incorporating guidelines from ILPA and IPEV. The initiative aligns the interests of all market participants, including LPs, GPs, advisors, consultants and vendors. All members have the opportunity to feed into the development of standards, and proposals are currently under review by leading GPs.
 
“The opportunity to help finalise the AltExchange Standard was an important reason for joining now,” says Thomas Mayrhofer (pictured), chief financial officer of corporate private equity at The Carlyle Group. “As investors’ needs increase, this initiative will enable us to have a common data format that saves time and resources for both GPs and LPs, while providing more useful data to our Limited Partners.”
 
Nick Archer of CVC says: “We believe a collaborative approach between GPs and LPs to define, agree and adopt an industry standard single format which all investors, large or small, can use to feed their own in house reports is the way forward.” 
 
Raymond Schnidrig, chief technology officer of Partners Group, says: “We are convinced that this important initiative has the potential to significantly impact private markets from an operational perspective over the coming years. It will allow our firm to interact with our institutional client base in an easy and transparent manner while fully respecting the confidential nature of Partners Group’s investments on behalf of its clients.”

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