The mature and sophisticated supply chain dedicated to the private equity sector has undergone significant changes in recent times and has been transformed from its more humble beginnings, little more than 10 years ago.
Tony Piper, Director of 4vco, the UK consultancy specializing exclusively in private equity operations, commented: An optimal use of private equity software can dramatically boost a private equity firms efficiency. Recognition of the importance of selection and implementation of the software most appropriate to a particular firms needs has strongly increased as a result of the financial downturn. This has led firms to seek better ways to capitalise more effectively on their intelligence, information and relationships and, ultimately, improve service to their investors.
4vco fully recognises the task that many private equity houses may face when it comes to selecting private equity software and service providers. It is therefore bringing together up to 150 private equity professionals and 19 private equity software and service companies for what is an innovative and rarely available day of presentations on topical issues, networking and exchanging of ideas for PESS 2010 on 29th June, at the Renaissance Chancery Court Hotel in Holborn, London.
]PESS 2010 is attracting more attention than ever by responding to increased demand from the private equity industry on how to boost internal efficiency as well as increase transparency to investors. Full details are available on ‘www.4vco.com/pess2010’
The most visible change is in the growth of private equity software and service companies now competing to supply the private equity marketplace. 4vcos PESS Directory currently lists 35 such companies; a number that has doubled in the last 5 years. Part of this increase is driven by the emergence of functional specialists within the private equity sector, many of whom are focused on front and middle office disciplines. Three companies at PESS 2010, Baxon, ClearMomentum and iLevel, all focus upon portfolio monitoring, whilst others, including LexisNexis, Touchstone and Outsourcery, have successfully targeted private equity houses with sophisticated tools for contact and activity management and deal flow.
D.C.