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Citco broadens investor Collaboration Platform

Citco, an asset servicer to the alternative investment industry, has made the Citco Collaboration Platform available to a wider range of Private Markets clients, and added additional functionality, as it continues to digitalise client interactions.

The Citco Collaboration Platform, which allows clients to carry out a variety of interactions with Citco through a single platform accessible via CitcoOne, now serves not only Private Equity but also Private Credit Funds, and is currently being rolled out to Real Assets Funds. Citco is aiming to deliver a more unified user experience across Private Markets, which can be particularly beneficial for clients with funds investing in a variety of asset classes.

The platform provides users with a portal offering a single point of access to collaborate with the Citco team on a growing variety of service interactions, including capital events and now period-end reporting for monthly and quarterly funds, a feature that can be particularly useful for clients running many funds with many legal entities. Clients gain additional security and transparency through the digitalisation of this process.

Available as part of Citco’s standard offering, the platform initially launched in 2021 to enhance processes around capital events for Private Equity Funds. Since then, the platform has digitally processed more than 2,000 capital events – covering calls and distributions – and now has almost 500 users across 85 clients – each with numerous funds.

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