This ongoing flow of communications, in a secure online environment, is even more essential now that fund administrators, investors, portfolio companies and management teams operate on a truly global basis.
Atlanta, GA (Vocus) September 10, 2010
V-Rooms™ Virtual Data Rooms (VDRs), a product of Due Diligence Online, LLC, provides private equity fund administrators, investors, attorneys and investment bankers with the ability to coordinate the communication of confidential documents during all phases of fund management including fundraising, buy-side, sell-side and investor reporting.
In the fundraising phase, certain key information may be shared via a V-Room with investors receiving and responding to a private placement memorandum. This is followed by the ability to issue buy-side VDRs, with pre-loaded due diligence checklists, to companies targeted for acquisition as funds add to their portfolios. Once investments are made in these portfolio companies, investor reporting, especially important in today’s regulatory environment, is a crucial function that can be streamlined with VDRs. As private equity funds look to divest themselves of certain portfolio companies, sell-side virtual rooms come into play as they work with their investment banking partners.
"It has been very interesting working with our private equity clients to expand the usage of our V-Rooms well beyond merely sell-side engagements, where they were first employed,” said Dan Bradbary, CEO of V-Rooms. “This ongoing flow of communications, in a secure online environment, is even more essential now that fund administrators, investors, portfolio companies and management teams operate on a truly global basis.”
Especially important in today’s financial environment, which calls for increased investor transparency, virtual data rooms provide an economical, regulatory compliant system for investor reporting. Accurately retrieving information from funds’ portfolio companies, and then securely delivering financial details and reports to their limited partners is essential. With V-Rooms, fund administrators are able to filter that information for distribution to investors, making it available via a secure Internet Limited Partner Portal with around-the-clock, worldwide access to that information through a controlled and auditable platform.
Fund managers are able to respond to requests from investors by directing them to their Limited Partner Portal within the VDR, rather than extracting information and responding by email, courier or fax. Most importantly, the managers are able to then confirm receipt of the information through the program’s regulatory compliance /tracking reports.
Due Diligence Online, LLC (888-316-2047). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
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