The number of funds the AltAssets LP-GP Network offers detailed performance data for has passed the 5,000 mark as interest in the networking service continues to build.
AltAssets’ service gives members access to return data including IRRs and TVPI multiples, as well as key metrics including how much capital has been distributed and the remaining market value of individual funds.
That news comes hot on the heels of the Network cementing its place as the world’s most active and influential private equity networking service last month, when more than 20,000 connections were made.
The Network, which addresses the industry’s growing demand for greater IR interaction, went live in January after three months of beta testing saw more than 2,500 institutional investors and 300 private equity fund managers flock to the service.
Network membership has since grown to more than 5,000 LPs and GPs, who are taking advantage of the platform’s leading-edge tools to research active private market funds, customise their information flow and manage their industry networks.
An online investor relations tool, the Network offers a natural extension of the AltAssets online news and research platform and allows LPs and GPs to stay abreast of breaking news, expert views and up-to-date investor activity.
LPs are able to select and control which firms and individuals they want to connect with, while GPs can conduct IR dialogue with prospective and existing LPs.
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