AltExchange grows membership to support PE data standards
SunGard, ILPA, PwC and AlpInvest are the latest actors in the private equity industry to joint AltExchange, the global private equity group developing common data standards for sharing alternative investment information.
The four additional members to the group respectively represent an industry body (Institutional Limited Partners Association (ILPA)); technology and services (SunGard); another investor (AlpInvest) and a ‘Big Four’accountancy (PricewaterhouseCoopers (PwC)).
AltExchange said ILPA’s involvement was particularly important is the group shifts its focus from formulating technology standards, to promoting their adoption.
And SunGuard’s presence comes in addition to that of eFront, which means two of the biggest technology suppliers to the private equity industry are now committed to the new data standards.
Some 50 firms are now members, including both LPs and GPs, through to consultants and service providers.