Citi expands PE fund administration services 14 October 2011New York Reporter: Anna Reitman
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Citi has announced it has expanded its private equity and real estate administration services with an extension of its end-to-end portfolio administration capability.
This enhanced service provides private equity investors, such as Pine Bridge Investments, with a consolidated view of investments across multiple funds and administration agents, and supports the full suite of back-office operational activities to provide investors with improved transparency and risk management capabilities.
“The solution provides comprehensive web based investor reporting, data analytics and operational capabilities to enable private equity investors like PineBridge Investments to focus more of their resources on managing assets and client relationships," says Sanjiv Sawhney, global head of Fund Services at Citi.
Private equity investors are facing an increasing burden to consolidate data, track returns and administer investments across multiple funds and administration agents. Responding to this need, Citi leveraged the Burgiss Private i and Private Informat tools through the Burgiss Group, an industry leader in technology and data services, to deliver integrated investment reporting and analytics that are seamlessly integrated into Citi’s private equity administration service.
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