Baxon today announces that its Portfolio Company Management System (PCMS) now feature real-time private equity fund performance data from Preqin.
New tool allows integrated private equity benchmarking using Preqin data
This new tool means that Baxon users will be able to benchmark their funds’ performance against other vehicles with the same strategy, vintage and geography, offering constantly updated analysis against a pool of their peers.
The benchmarks are taken directly from the 7,900 private equity performance profiles on Preqin’s Private Equity Online, the industry’s most extensive source of net-to-LP private equity fund returns information.
“By integrating Preqin’s benchmarking data, Baxon users benefit from having the most comprehensive performance benchmarks in the industry available from within our platform. This not only allows users to make faster, more informed decisions about their relative performance, but also displays this information in an easy-to-use, customisable and downloadable format for distribution to investors.” said Paula España, Baxon’s Partner and Managing Director.
Christopher Elvin, Preqin’s Head of Private Equity Products, added “The addition of real-time private equity performance benchmarks gives Baxon users another way to analyse their fund performance and compare it to others in the industry. This complements the tools already available through PCMS, which allow private equity firms to quickly, easily and accurately gather and display information from portfolio companies to better streamline the LP reporting process.”
Baxon provides cloud computing solutions for performance improvement and portfolio management across several industry sectors through our three divisions: Private Equity, Corporations and Public Sector. Founded in 2005, Baxon concentrates reporting information for more than 1,500 companies, and has clients across six continents that hold more than $180bn in total assets under management.
Baxon’s Portfolio Company Management System (PCMS) is a cloud-based solution used to streamline the collection of financial and operational data directly from portfolio companies. PCMS offers a fresh perspective for private equity firms, by offering a cloud solution that automates their portfolio company monitoring, performs their valuations, and streamlines their LP reporting.
The Baxon team is built around private equity veterans and financial analysts who speak your language and execute best-in-class product development. In January 2015, Baxon formed a strategic partnership with Preqin, the leading source of information for the alternative assets industry.