Pevara launches custom benchmark solution for private equity funds of funds
Pevara, the New York based provider of software as a service (Saas) for benchmarking and analysing private equity investments, has launched a service for creating custom weighted benchmarks.
The service targets limited partners, who need to more accurately benchmark investments in funds of funds, and funds invested across multiple regions.
Pevara said that the use of custom weighted benchmarks would “reduce the likelihood of a limited partner making investment decisions based on benchmarks that are not targeted or related to their private equity fund investments.”
Pevara’s solution is based on delivery through software provided by eFront, which focuses on alternative investments and risk management. eFront’s software is used in the private equity space, but also the property, investments, banking and insurance sectors.