Partners launches performance review app for LPs

The global investment firm is the latest manager seeking to harness technology to communicate with investors, sister publication pfm has learned.

Partners Group has launched an iPad app which will allow its limited partners to review performance data and explore possible investments, sister publication pfm has learned.

LPs using the app, which became available from Wednesday, will receive personalised intelligence on portfolio summaries, including sliced and diced performance analysis on their investments. They will also have the option to review activities, performance and investment programs in detail using interactive charts.

Investors can also download recent investor reporting materials as PDF documents and watch videos about the firm’s latest direct investment opportunities.

Technology is becoming “increasingly important in the private equity industry, because of the timeliness and accuracy it can provide, alongside the interaction it can provide between firms and clients,” Raymond Schnidrig, chief technology officer at the Zug, Switzerland-headquartered firm, told pfm.

Schnidrig expects decision-makers within an LP to use the app to gain a “consolidated, high-end view” on their investments and any new opportunities.

The app is an extension of the firm’s internal app, which it created three years ago for fund managers.

“It has been a big effort on our side to upgrade our back-office capabilities to get us to a level where we can carry out aggregated reporting across all of the investments that clients have with us,” said Schnidrig.

Private equity firms often use investor portals to relay fund information to investors and Schnidrig says that Partners still intends for its investors to use their portal as a tool for more detailed fund information. “The app will give clients access to the most relevant information only. If they want the full history or more detailed data to process in their own systems then they are expected to access the investor portal.”

Two years ago KKR launched an app that would enable limited partners to search performance data and receive investment updates. The app never materialised due to lack of interest from clients, pfm understands.

Find out more about Partners’ reporting app in pfm’s interview with Raymond Schnidrig in this month’s magazine.