Highlighting its growing influence in the private markets industry, eVestment reported today a strategic partnership with the Institutional Limited Partners Association (ILPA), the only global, member-driven organization dedicated exclusively to advancing the interests of private equity limited partners.
Under the terms of the agreement, ILPA members will receive discounted access to eVestment’s private markets solution, TopQ. eVestment TopQ gives institutional investors a powerful tool to collect more granular data from managers, automate and standardize track record calculations and gain deeper insight into performance at the portfolio, fund and deal level, to enhance their private equity manager selection decisions.
The agreement comes at a time when institutional investors are increasingly considering private equity and private markets investment opportunities, while also making clear their desire for more transparency, better benchmarks and more standardized data. In fact, in a recently released eVestment survey of institutional investors and consultants, 60% said they still find it difficult to compare performance across private markets managers.
“Now more than ever, limited partners are seeking quality solutions to optimize their due diligence and monitoring processes,” said Matthew DeMatteis, Director of Research for the ILPA. “We’re pleased to align with eVestment to deliver valuable options that support enhanced transparency to our members.”
eVestment is quickly becoming the preferred platform for the exchange of private markets performance between managers and asset allocators with the launch late last year of the company’s Private Markets Alliance. The Alliance brings together more than a dozen top industry consultants and investors that have united with eVestment to establish a common approach for communicating quantitative and qualitative data in order to truly optimize how this information is collected and analyzed.
“Since our founding in 2000, eVestment has always been focused on the needs of the instititonal investment community, becoming a leader in traditional and hedge fund data and analytics,” said eVestment co-founder and Chief Alliance Officer Heath Wilson. “We're pleased to announce this new partnership and continue to offer value to those investing across asset classes.”