AltExchange Alliance Aims To Standardize PE Data

May 1 2013 | 8:55am ET

A new private equity industry group aims to standardize the way firms present their data.

The AltExchange Alliance—founding members of which include industry players like Kohlberg Kravis Roberts, Neuberger Berman and Capital Dynamics—has introduced what it's billing as the p.e. industry's first comprehensive standard for data formats.

“The problem the industry has been facing for years is the ability to effectively process ever increasing volumes of data,” commented Johnny Randel, CFO of StepStone and AltExchange founding member. “Firms have been spending considerable time and resources manually re-keying and reconciling information and less time analyzing data. Having the transfer of data automated and having agreed upon industry-defined data standards will help address this significant inefficiency.

The data standard uses tailored XML taxonomies and covers portfolio company financials, investor organizations and contacts, fund information, cash flows, capital accounts and more. The AltExchange also offers a validation platform, which certifies data prior to distribution.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of