How AltExchange Provides SQN Venture Partners Full Data Transparency and Visibility
About SQN Venture Partners
SQN Venture Partners was founded in 2015 by serial entrepreneurs and seasoned finance professionals to creatively utilize alternative debt financing structures to help grow and scale the next generation of early to mid-stage transformative companies. SQN has invested over $150 Million since inception and its mission remains unchanged.
The Challenge
Prior to AltExchange, SQN struggled with a lack of engagement with their investor portal from advisors and LPs, resulting in missed document retrieval, lack of performance reporting, and limited transparency. SQN also experienced issues with custodian reporting that missed tax distributions and the categorization of other distributions.
The Solution
SQN had several LPs and RIAs using Orion that lacked the ability to feed custodian data into their existing platforms. AltExchange’s solution provided exactly what was needed to ensure SQN’s largest RIA clients can automatically populate performance reporting directly into their systems, in addition to easy and instant access to important tax documents and distribution notices.
Now & Looking Into the Future
With AltExchange, SQN provides RIAs with accurate and instant performance reporting data fed directly into their Orion systems, ensuring the data matches the fund’s records and have the proper categorizations for distributions. It also ensures that performance reporting is consistent with their capital statements, and is in line with SQN’s best practices for reporting on their asset classes.
The biggest notable impact for RIAs is that AltExchange changed SQN from offering funds that were difficult to report on due to the custodians being an intermediary, to being a direct, instant, and easy investment option for RIAs and their clients. Previously, SQN had no visibility into what data custodians were reporting to RIAs. For the first time, SQN now has full transparency and visibility into the data being reported RIAs and their clients.
“Partnering with AltExchange has provided a pathway for increased engagement with our RIA community, ensuring that fund data is directly distributed to them without the limitations of the custodians’ reporting capabilities. It has also allowed us to be more transparent with our investors by allowing for the full categorization of distribution types and ongoing reporting of fund and investor performance.” – Nicholas Barnett, Executive Vice President and Partner, SQN Venture Partners
AltExchange is proud to support SQN Venture Partners in helping manage their clients’ growing portfolios of alternative investments. Let’s discuss how AltExchange can help modernize alternative investments for your firm.