eFront endorses the new ILPA Fee Reporting Template

eFront, the leading financial software and solutions provider for managing alternative investments, has announced its endorsement of the new Fee Reporting Template published in January 2016 by the Institutional Limited Partners Association (ILPA).

The Template represents the first coordinated initiative by the alternative investment industry to standardize the presentation of fees, expenses and carried interest by Fund Managers to Limited Partners (LPs). eFront’s endorsement follows the company’s participation in the ILPA consultation and its own on-going efforts to promote appropriate and effective private equity and real estate transparency and data standardization through its software solutions.

The aim of the Template is to encourage increased uniformity in disclosures in order to provide LPs with a baseline of information that enables more streamlined analysis and informed decision-making. The Template is also intended to reduce the compliance burden on GPs, who face a variety of bespoke template formats. As part of this endorsement, eFront will adapt its solutions to include the Template within its standard software suite.

“eFront has always supported efforts to increase transparency in the alternative investment industry and, as one of the founding members of the AltExchange Alliance, has been a leader in data standardization movement,” commented Eric Bernstein, eFront’s Chief Customer Success Officer. “So, it was natural for us to participate in ILPA’s Fee Transparency Reporting initiative, endorse the final product and adapt our offering to it.”

“We have always worked to improve transparency in the industry, through technology solutions aimed at increasing efficiency and accuracy as well as reducing the burden of reporting, that’s why we endorse the ILPA Fee Reporting Template and that’s why we recommend that our clients do so as well.” explained Yves Damon, eFront’s Head of Operations – Data Services.

The Template builds upon ILPA’s reporting guidelines and is the first deliverable of the organization’s Fee Transparency Initiative to establish more robust and consistent standards for fee and expense reporting and compliance disclosures. eFront will upgrade the upcoming versions of FrontInvest, FrontGP, FrontPM and the eFront Investor Cloud (EIC) to support the Template.

About The Institutional Limited Partners Association (ILPA)

The ILPA is the leading global, member-driven organization dedicated to advancing the interests of private equity Limited Partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations. For more information, visit https://ilpa.org/

About the AltExchange Alliance

AltExchange is an industry alliance that defines and promotes standardized formats for the transfer of data between parties investing in private equity and alternative investments. For more information, visit www.altexchange.com.