eVestment launches report building module
eVestment has launched a reporting module within its track record analytics and management tool TopQ.
TopQ streamlines the reporting process. Users upload transactional cash flow data and parameters for a full track record of deal and fund metrics, which are then calculated using a performance calculation engine.
The new Excel Report Builder enables GPs to recreate their clients’ report templates in the app by selecting the required data points and configurations. They can then export their latest fund performance into pre-formatted outputs to suit their clients’ individual needs.
The new functionality responds to increasing LP and stakeholder demands on GPs to provide real-time data about fund and deal performance as a result of Covid-19. According to Graeme Faulds, director of product for eVestment’s private markets division, this latest development helps GPs to automate the process in an efficient manner.
In a statement, Faulds said, “Providing insights to both GPs and LPs has been the mission of the TopQ product since day one. Especially in this volatile environment, many GPs need to give their investors insight on performance as soon after quarter-end as possible. There’s a natural lag in private markets, but the lag should not be exasperated by inefficiencies in current processes of pulling data into the configuration and cuts required by each of their investors.”