IK Investment Partners Business Case

Streamlining Portfolio Management

The challenge
In 2006, IK began the search for ways to streamline and enhance the reporting About IK
process between the various elements of the partnerships management
structure and the preparation of key high-level information from portfolio
companies. There were two key drivers: firstly, a desire for greater efficiency,
uniformity and frequency in the reporting process; and secondly, an
expectation that there would be greater demand in future from LP investors
for transparency in the performance of portfolio companies. This secular IK Investment Partners (IK)
change in the culture of private equity investment needed a proactive, is a European private equity
innovative response. In addition, IK wanted greater transparency internally as advisory group with Nordic
part of a continuous drive for performance improvement. roots. Since 1989, IK funds
have raised more than
IK needed an innovative software partner able to deliver a cost-effective 7.5bn of capital and
solution to this increased need for agility, at a time when market choice was invested in over 100
limited and existing solutions were deemed prohibitively expensive. European companies. With a
Prior to working with Preqin Solutions, formerly Baxon Solutions, IKs geographical focus in
information-reporting process relied heavily on the exchange of Excel files continental Northern Europe,
between IK fund admin, IK deal teams and portfolio companies. This delayed its portfolio companies are
the approval process and often led to tight deadlines ahead of distribution of active in over 100 countries.
the material, which was incompatible with the desire to move to monthly IK specializes in identifying
reporting and the more transparent and consistent approach across the firm businesses with an enterprise
for which IK was striving. value up to 500mn that are
currently successful national
The solution sector leaders in business
services, care, consumer
IKs decision to seek a single information-reporting solution for portfolio
goods and industrial goods,
management occurred at an early stage in the private equity software market.
but have the potential to
As the Preqin Solutions software was still at an early stage of development, IK
generate substantial growth
Investment Partners was able to benefit from the opportunity to participate in
by entering into new
the software development process and help determine how the product
geographies, expanding
evolved while at the same time securing a cost-effective solution.
product offerings and
The software allowed IK to move smoothly from quarterly to monthly completing selective
reporting by providing portfolio companies with a straightforward mechanism acquisitions.
to report to their respective deal teams and handle queries and adjustments,
The companys strategy
and ultimately accelerating the reporting cycle.
embeds a consistent and
The production of flash reports and other analyses became easier and more structured approach from
intuitive, particularly where data or reporting anomalies might occur between origination to exit via an
companies in the portfolio as a result of different reporting schedules. operational toolkit called the
IK Way delivering discipline
I like the fact that we can download the reports into Excel it makes and clarity to IK funds and
my life easier. The process of running reports in the console is quick management teams while
and you have got more flexibility, where you can actually select which enhancing transparency to
months and funds you want to report on rather than extracting and investors.
collating various pages.
More info at
Paula Savage IK Senior Portfolio Manager www.ikinvest.com
Benefits
Created unified and transparent data warehouse
Improved data consistency, reduced errors and data
cleaning
Enabled sign-off from executives while on the road
Supported acceleration in reporting cycle from
35-45 days to 25-30 days
Smoothed transition from quarterly to
monthly reporting
Streamlined performance benchmarking
and analysis by geography
Helped to foster shared performance culture
Created verified reference point for auditors

Accelerated creation of flash reports and increased

visibility of adjustments

The ability to generate reports efficiently
provides a greater overview of the whole
portfolio, and transparency across the deal
teams. Looking back 11 years this was our
goal and it has now been achieved.
Andrew Townend
IK Director Investment and Fund Administration
I like to think of Preqin Solutions as a very
solid data warehouse and I use it to refer to
information on the portfolio companies as
opposed to delving into the detailed monthly
management reports.
Paula Savage
IK Senior Portfolio Manager

About Preqin Solutions

Preqin Solutions, formerly Baxon Solutions, delivers market-leading cloud collaboration software for monitoring, valuation,
benchmarking and reporting on private capital portfolio investments. The software automates the compilation, analysis
and exchange of all portfolio information including operating metrics (financial, KPIs, ESG), investment valuations, and
ultimately investment and aggregate fund performance. Through the integration of Preqin and other market data sources,
this performance can be benchmarked with reference to public or private markets for internal and investor reporting
purposes.

Preqin Solutions modules and key features:

Automate your data collection workflows Shorten your valuation cycle, ensuring Analyze fund investment performance
and portfolio performance analysis. consistency and transparency. and utilize exit planning and
benchmarking features.

LIMITED PARTNER REPORTING

Replicate and automate your existing LP reports, both in the cloud and in Excel.

Now integrated with Preqin performance data on 8,602 private capital funds, in addition to LN, KS, PME+ and Direct Alpha PME
methodologies, giving you the ability to benchmark your performance against private or public markets on the fly.

Contact us to arrange an online demonstration and find out how we can help you:

UK: +44 (0)20 3207 0480

info@preqinsolutions.com
US: +1 212 350 0100
www.preqinsolutions.com
SGP: +65 6305 2200