As Institutional Investor Interest in Private Equity Rises, eVestment Expands Private Equity Performance Analytics Functionality

Mar 08, 2016, 14:43 ET from eVestment

ATLANTA, March 8, 2016 /PRNewswire/ -- eVestment, the global leader in institutional investor data and analytics, continues to expand its private equity performance analytics capabilities to meet the needs of institutional investors. With the addition of new functionality to TopQ – eVestment's solution for the private equity market – and deployment onto the eVestment platform, eVestment is continuing to work towards its commitment of providing institutional quality data and analytics across all major asset classes.

With these improvements, eVestment and TopQ users will see:

  • Further enhancements to eVestment TopQ's private equity performance analysis functionality. Additions include the Direct Alpha public market equivalent (PME) analysis methodology in TopQ's PME module. PME analysis enables managers and investors to understand the relative performance of private equity compared to public market returns.
  • Inclusion of Matrix Tabs, a new analytics tab within the TopQ application that offers greater flexibility of calculating and grouping analysis. This functionality has been developed in response to clients' desire to have flexible and customizable analysis but guard against potential errors and inaccuracy in their analysis that spreadsheets might create.
  • Deployment of TopQ onto the eVestment platform, providing access on a single sign-on basis to eVestment's wealth of traditional and alternative data and analytics solutions and TopQ's tools and solutions.

Founded in 2000, eVestment is a global leader in the institutional data and analytics, with more than 2,000 manager, consultant and investor clients. In 2015, eVestment acquired TopQ to jumpstart its offerings in the private equity arena. eVestment TopQ provides web-based tools that make the creation, analysis and distribution of private equity performance data more efficient and effective for fund managers and institutional investors. 

These enhancements to eVestment's private equity analytics come as institutional investor interest in private equity is on the rise. A recent eVestment report on consultant and investor expectations for 2016 (click here to download) found increased interest in private equity investments as investors look for returns and appropriate risk levels in today's markets.

"Private equity is a growing asset class and becoming a larger part of investors' portfolios, yet the $3.5 trillion industry is being predominately run off of error-prone, inefficient spreadsheets that cause issues for fund managers and investors alike," said Graeme Faulds, eVestment director of private equity solutions. "Without the right tools, managers struggle to process investors' requests for data in an efficient manner. And investors aren't able to easily review data to get the information they need for effective fund selections. By continuing to update eVestment TopQ with new analytics functionality like those released today, we're providing a solution for the private equity industry to help investors and managers better manage, analyze and distribute performance data."

The deployment of TopQ's private equity analytics onto the eVestment platform is also significant for investors. "As institutional investors' portfolios evolve to include allocations to a wider range of asset classes, it's important that they can evaluate all managers on the same platform," said eVestment co-founder and CEO Jim Minnick. "With the integration of TopQ into the eVestment platform, we're paving the way for institutional investors to evaluate and report on managers across all major asset classes from one platform."

About eVestment 

eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide. eVestment's mission is to help make smart money smarter. 

SOURCE eVestment