AltExchange has been working closely with a number of industry participants to refine and promote standardized financial reporting. Specifically, in close collaboration with the ILPA and some of its members, we have integrated the ILPA reporting template into an AltExchange XML format. In addition, we have strong support from a cross section of key technology providers including eFront, FIS and PFA Solutions, who are all developing tools that support the adoption of this standardized reporting format.Joncarlo Mark, Upwelling Capital and AltExchange Chairperson
A universal data standard for sharing private equity investment information. Designed, defined and maintained by investors, fund managers and supported by software vendors and consultants
The AltExchange Alliance is a new industry body chartered to define, maintain and promote a single data standard for sharing information between all participants in the private equity industry. The Alliance is a non-profit organization consisting of members representing all types of firms from across the globe.
Limited partner investors want to save time and reduce the number of resources needed to process the data provided to them by fund managers. Every quarter, they struggle to validate and aggregate this information. The use of the AltExchange Standard streamlines this entire process, saving time, reducing errors and enabling data to be quickly aggregated and made available for analysis.
For general partners, fund managers and fund administrators, the reporting demands from investors continue to increase. Rather than spending significant time and effort to meet the requests of their individual investors, a GP can leverage the AltExchange Standard to produce information in a single format to meet the transparency and reporting demands of their investors.
AltExchange Alliance releases an add-on to its domain standards to include the ILPA Fee Transparency Template The AltExchange domain standards m
Alliance members include limited partners, general partners, advisors, consultants, vendors and other organizations across the alternative investment community. The Alliance is governed by a Board of Directors elected by the members.