Maitland will leverage best practice principles to maximize reporting efficiency in the private equity industry
Maitland, the leading global advisory and fund administrator, has announced its fund administration platform has been further enhanced with the adoption of the Institutional Limited Partners Association’s (ILPA) reporting template. Released in 2016, the ILPA Reporting Templates were designed to report and gather information in a standardized manner so the private equity industry can effectively measure and compare performance in areas including fees, expenses and carried interest.
As the private equity industry continues to grow, the ILPA templates provide investors with a higher level of transparency and consistency in reports. “Maitland has been automating the entire waterfall through a system-generated platform. With the added certification, we are able to automate ILPA compliant reports providing faster delivery and higher assurance of accuracy to fund managers and LPs” said Scott Price, Head of Hedge Fund and Private Equity Fund Services for Maitland.
“We commend Maitland for delivering an automated template solution – more specifically, their ability to continue to invest in technology to build solutions targeted to the private equity industry’s need for greater efficiency and transparency,” said Jennifer Choi, Managing Director of ILPA. “We welcome Maitland as an endorser as we move forward in our shared commitment to build a stronger global private equity ecosystem.”
With approximately 500-member institutions representing more than $2 trillion USD of private equity assets under management (AUM), ILPA is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries through best-in-class education, research, advocacy and events.