AltaReturn Releases the Findings of Their 2019 Private Capital CFO Survey
Private Equity, Credit, Venture Capital and Real Estate CFOs cite economic conditions as biggest concern; portfolio monitoring and investor reporting as operational priorities.
MIAMI, June 26, 2019 /PRNewswire-PRWeb/ -- AltaReturn, a provider of modern technology solutions to private capital fund managers, administrators and family offices, is please to release the findings of its 2019 Private Capital CFO Survey:All Hands on Deck. This report examines the responsibilities, concerns and priorities that PE, VC, Debt and Real Estate CFOs face today as the private capital markets grow in size and influence. Seventy four respondents across various firm sizes, strategies and geographies took part in the survey. Highlights include:
- Portfolio monitoring (68%), investor reporting (56%), and management company accounting (42%) were the three most cited processes that CFOs were looking to improve over the next 12-18 months.
- 45% of GPs in the survey use a third-party administrator (TPA). However, that number decreases to 22% for managers with AUM over $2.5 billion.
- Portfolio company information (70%), fees (53%), and access to underlying data (43%) were the three most requested 'asks' by investors of their managers.
- 50% of CFOs survey said they were spending more time on both regulatory issues and management accounting/reporting issues. 42% indicated they were spending more time working with underling portfolio companies.
"Clearly, the role of private capital CFOs has evolved over the years to include responsibilities beyond accounting. Today's CFOs are involved in every aspect of the business from fundraising to working with portfolio companies to hiring personnel." says Andre Boreas, Director of Marketing at AltaReturn. "All Hands on Deck" reflects the need for GPs to solidify their operational teams in the face of a potential turn in the economic cycle, where information will need to travel even faster across the organization and out to investors and regulators."
Rey Acosta, CEO and Managing Partner of AltaReturn commented, "AltaReturn's foundation in building private capital-specific, tightly integrated solutions, means today's CFOs have access to the tools they need to manage the most complicated fund structures, demanding investors and reporting requirements. It's always gratifying to see our clients leverage our technology to support their growth-orientated initiatives and solve their biggest operational challenges."
To download a copy of the paper, visit: http://clickdim_web.altareturn.com/cn/afucl/CFOSurveypaper
About AltaReturn
AltaReturn offers a modern suite of solutions for private capital fund managers, administrators and family offices including Fund Accounting, Management Company Accounting, CRM, Portfolio Monitoring, Business Intelligence and Investor Portals. Built within a Microsoft-based framework, these solutions are available as an integrated end-to-end suite or as independently licensed applications. Over 300 GPs and $500 billion in assets is managed using the AltaReturn platform. For more information about AltaReturn, visit: https://altareturn.com/
SOURCE AltaReturn
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