NEW YORK--(EON: Enhanced Online News)--The Citco Group of Companies (“Citco”) today announced that it has launched an automated system to assist its private equity firm clients with the various ILPA fee reporting requirements.
“Under the Spotlight: Advancing Private Equity Finance and Operations.”
ILPA's fee transparency initiative is a broad-based effort to establish more robust and consistent standards for fee reporting and compliance among private equity investors, fund managers and their advisors. Responding to client demand, Citco’s team of experts has developed a tool that automates the ILPA fee reporting process, offering a more efficient solution that replaces a time-consuming, excel-based method.
Nick Perros, Head of Private Equity and Real Estate Services, said, “Our new ILPA Fee Reporting tool stems directly from Citco’s commitment to investing in technology solutions that are specifically designed to meet the needs of our private equity and real estate clients. Citco has a long-standing reputation for promoting more uniform and transparent reporting practices in the industry; the ILPA Fee Reporting tool makes it easier and more efficient for our clients to adhere to new transparency requirements.”
Mr. Perros will moderate a panel discussion on technological advancements in the private equity industry at Private Equity International’s CFOs and COOs Forum 2017, “Under the Spotlight: Advancing Private Equity Finance and Operations.” The event will be held on January 18 at the New York Hilton Midtown.
About Citco Group of Companies
The Citco Group of Companies is a worldwide network of independent financial service companies serving the world's elite hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies and high net worth individuals. Citco companies service these sectors in their respective geographic areas by offering hedge fund administration, custody and fund trading, financial products and corporate and trust planning solutions. Citco has offices in over 40 countries with more than 6,000 staff.