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AltExchange Alliance Grows by 50% in Two Months

Alliance increases membership with major GP participation

New York, August 5th 2013 – The AltExchange Alliance has achieved significant membership growth and key progress in developing the industry’s first global data standard for sharing alternative investment information.

 The growth since its launch has been remarkable and the activity on the AltExchange website has been non-stop, with hundreds of PDF downloads and more than 2,880 visits since its launch. Most recently, the Alliance welcomed new leading GPs to its growing community with the addition of Aberdeen SVG Private Equity, Apollo Global Management, The Carlyle Group, CVC Capital Partners, Encore Funds, Franklin Park, LLC; Lupton Company, LLC; Partners Group AG, and Pine Brook Partners. 

Each of these new members have specific and powerful reasons for joining the Alliance. For example, the Carlyle Group joined in order to help build and adopt a common database format and provide more accurate and timely data for LP’s.

 Nick Archer from CVC explained, “We believe a collaborative approach between GPs and LPs to define, agree upon and adopt a single industry-wide format for all participants is the way forward.” 

The Partners Group is a GP member of the Alliance focusing on middle market direct investments across private markets. Raymond Schnidrig, the firm’s Chief Technology Officer commented, “We are convinced that this important initiative has the potential to significantly impact private markets from an operational perspective over the coming years. It will allow our firm to interact with our institutional client base in an easy and transparent manner while fully respecting the confidential nature of Partners Group’s investments on behalf of its clients.”

 The Alliance is committed to balancing the interests of LPs, GPs, fund administrators, technology providers and consultants to achieve a universally accepted standard, incorporating guidelines from ILPA and IPEV. All Alliance members have the opportunity to contribute to the development of the standard and proposals are currently under review by leading GPs.

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