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February 5, 2008
Independent
Research Report Recognizes Investment Café For
Outstanding Online Reporting.
Citi and Investment Café
Partnership Leads to Superior
Rated Technology and Web Based
Reporting.
NEW YORK, February 5, 2008
In a recent independent
research report that measured the performance of service providers, Citi
Private Equity Services was Top Rated by its clients in such categories as
Value, Accounting and Reporting to LPs and GPs as well as Technology. In this survey conducted by Global Custodian magazine, Citi was
singled out for praise for its technology and reporting as two key areas where
the firm received particularly impressive scores.
Investment Café, a leading
provider of technology-based financial and information reporting systems, is Citi’s
sole out-sourced provider of web based reporting for private equity fund
administration. Some of the highest
scores Citi received were in the areas of reporting and technology.
“[Citi’s]
web-based capabilities help to account for the outstanding scores on questions
about the efficiency, customizability, and flexibility of reporting in general
and Internet access in particular,” according to Global Custodian. “Technology
and reporting are in fact two areas where Citi received impressive scores by
global standards. The detail of the technology scores suggests that it is the
Web-based reporting capabilities clients admire most.”
Expressing satisfaction in his firm’s partnership with Citi that helped them achieve high
rankings, Ken Pierce, Investment Café’s Managing Director,
said, “In business, no opinion is more valued than a client’s so we are obviously very pleased that all of the
attributes that have been built into Investment Café are clearly recognized and
appreciated by its users, as evidenced by the responses from Citi’s
clients. Citi provides a superior service
and their clients appreciate that Investment Café’s platform can be customized
to fit their needs and is the most efficient way for GPs to communicate with
their investors.”
Investment
Café maintains a strong working relationship with BISYS Private Equity
Services, which was acquired by Citi in 2007. Mr. Pierce also noted that respondents
represented a broad cross section of the private equity industry. “A third of the respondents who rated Citi had
assets under management of between $100 million and $1 billion and another
third of $1 billion to $5 billion, which means use of our products span a
diverse group of funds,” he said.
Investment
Café, which continues to rapidly gain market share with the addition of
prestigious private equity, hedge fund, venture capital and real estate investment
firms, provides investors with the
ability to generate capital accounts and detailed reporting on their
investments much like an online banking system, including starting and ending
balances as well as the underlying transactions supporting those balances.
Investment
Café’s clients include an impressive list of firms representing private equity,
venture capital, hedge funds and real estate funds. Crestview, Monomoy Capital Partners, and Water
Street Healthcare Partners are among the firm’s middle market private equity clients.
Larger firms include Clayton, Dubilier & Rice, The Carlyle Group, Blackrock, Ripplewood,
and GTCR. Venture
capital firms Opus Capital and First Round Capital and real estate funds Covington
Realty, Laramar Group, Colony Capital, and NBS Real Estate Capital are also
clients.
About DMLT
DMLT is an independent company offering a suite
of Web-based financial reporting and fund raising products to the alternative
asset community under the brand name Investment CaféTM. DMLT serves
firms managing over $150 billion in capital commitments with over 20,000
investors in more than 80 countries. DMLT’s flagship product, the Investment
Café Reporting System has been the system of choice because it addresses the unique
needs of the investor, and provides productivity tools that significantly
reduce the burden of fund administration. The product is in use by many of the
world’s largest private equity firms, as well as leading middle market firms in
North America. In addition to providing its
technology to the private equity industry, DMLT also offers its reporting
systems within the alternative investment arena to real estate, venture,
mezzanine, debt, hedge funds, and fund-of-funds. DMLT has offices in
New York, Hong Kong, Florida, and California.
More information about DMLT can be found on the firm's website at
www.investmentcafe.com.
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