InvestCloud’s Navy: Next Generation Fund-of-Fund Reporting

According to the Preqin Investor Outlook: Alternative Assets 2015, assets allocated to alternative asset classes grew by $648B last year and now stands at close to $7T.  PwC is also projecting global alternative assets to increase by more than double over the next five years to $15.3T, representing 35% of assets managed by the industry. This growth in the amount of assets can be attributed to a growing number of fund choices and a larger number of allocations by institutional investors to these fund options. As stated by the Preqin Outlook, more than a third of the 12,500 investors polled have allocations to 3 or more alternative asset classes.

The Abolition of the Spreadsheet Solution

Alongside these growing commitments by institutional investors are increasing demands for greater transparency and frequency of reporting by their constituent boards and stakeholders. Against this backdrop, the predominant Excel based fund-of-fund accounting approaches will no longer work. To address this growing need, InvestCloud has developed its Navy financial applet grouping.  It is our performance reporting configuration optimized for fund-of-fund and endowment style portfolios.  Designed to integrate and simplify the complex performance reporting and data entry requirements of multi-manager, multi-asset class structures, this powerful applet group allows foundations, endowments, and other institutional mangers that employ alternative assets, to save time even as they are dramatically improving the depth and quality of their portfolio reporting.


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