Leading Middle Eastern sovereign wealth fund improves data integrity

Paris, September 2, 2019 – eFront, the world’s leading technology solution for alternative investment management, announced today that one of the longest established sovereign wealth funds (SWF) in the Middle East has gone live with eFront Invest LP and eFront Insight LP to manage its private equity investment portfolio.

Seeking to enhance its business processes and gain greater control of its data, the SWF decided to transition its portfolio management, deal flow, and pipeline activities to be handled in-house through the selected eFront solutions. The transition was completed in seven months and included a data migration encompassing 32 years of history and nearly 37,000 transactions.

Now with more streamlined processes and access to an interactive portfolio dashboard, the SWF can check, in real-time, the allocation and performance of its hundreds of PE funds. Not only can the team analyze its fund data at a much deeper level, but has also seen further improvements in its operations, such as generating quarterly investment reports that used to take over two months, in less than two minutes.

Ayman Daif, Managing Director Middle East & India at eFront, commented, “The selected solutions allow the sovereign wealth fund to get deep into its fund data and analyze it thoroughly. Through eFront’s data collection service (EDI), the fund’s data is validated within the platform, eliminating the need to rely on email. The data transparency and integrity gained from having one source of truth have enabled the team to automate many internal and external reports and other fund activities.”

The sovereign wealth fund invests in private equity funds across North America, Europe, and emerging markets. Its strategies include primary funds, secondary funds, credit, distressed debt, and venture capital.

  • Insight private equity benchmarks released for Q3 2021

    The latest Insight benchmarks are now released, incorporating results up to September 30th, 2021.
  • Insight private equity benchmarks released for Q2 2021

    The latest Insight benchmarks are now released, incorporating results up to June 30, 2021.
  • Asset-level benchmarks now available with eFront Insight

    July 29, 2021 – Today, BlackRock announces the availability of deal-level benchmark analysis within eFront Insight.