New software helps LPs with benchmarking

The product - known as Pevera - claims to be able to help LPs that struggle to accurately benchmark their investments in funds-of-funds and funds with investments across multiple regions. It is intended to reduce the likelihood of LPs making investment decisions based on benchmarks that are not targeted or related to their investments.

"Investment committees are demanding greater transparency into how investment decisions are made and monitored," said Professor Oliver Gottschalg from international business school HEC Paris. "This has led to the examination of operational processes at limited partners to ensure maximum value is delivered back to their stakeholders. One area where there has been obvious room for improvement for a long time is the benchmarking of funds that don't fit the standard mold."

Pevara is a SaaS platform that is part of the eFront suite of products. Founded in 1999, eFront serves major private equity and asset management companies including the likes of Hony Capital, Allianz, Natixis, Partners Group and Squadron Capital. It provides fund reporting, portfolio analysis, risk management and internal control services.

In February eFront agreed to work with China's National Council for Social Security Fund (SSF) to help it automate business workflows to improve work efficiency and risk control.

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