Citco launches automated ILPA fee reporting solution
The Citco Group of Companies (“Citco”) today announced that it has launched an automated system to assist its private equity firm clients with the various ILPA fee reporting requirements.
ILPA's fee transparency initiative is a broad-based effort to establish more robust and consistent standards for fee reporting and compliance among private equity investors, fund managers and their advisors. Responding to client demand, Citco’s team of experts has developed a tool that automates the ILPA fee reporting process, offering a more efficient solution that replaces a time-consuming, excel-based method.
Nick Perros, Head of Private Equity and Real Estate Services, said, “Our new ILPA Fee Reporting tool stems directly from Citco’s commitment to investing in technology solutions that are specifically designed to meet the needs of our private equity and real estate clients. Citco has a long-standing reputation for promoting more uniform and transparent reporting practices in the industry; the ILPA Fee Reporting tool makes it easier and more efficient for our clients to adhere to new transparency requirements.”