Systems and services update - Spring 2018

The latest news and highlights from Citco’s comprehensive range of services for alternatives managers and investors

CitcoOne platform moves to version 2.0

After the successful rollout of CitcoOne to 60,000 users in 2016, Citco has been bringing further power and functionality to the platform. 

Last year, Citco introduced release 2.0, which includes improved filtering and additional investor document handling options, additional fund of hedge fund reporting, and the introduction of our private equity and real estate offering. 

Plans for 2018 include online approvals, integrated document exchange, regulatory reporting and additional features for funds of hedge funds.

Automated ILPA fee reporting tool launched

Citco has developed a tool that automates the ILPA fee reporting process for private equity clients, creating an efficient solution that replaces time-consuming Excel-based methods. 

The tool is a response to ILPA’s fee transparency initiative, a broad-based effort to establish more robust and consistent standards for fee reporting and compliance among private equity investors, fund managers and their advisors.

Citco Capital Solutions arranges US$15bn of debt and equity capital

Leveraging the breadth of Citco’s global relationships and expertise across the alternative investment space, the capital solutions team is dedicated to helping sponsors and investors with their financing needs. 

Citco has been involved with arranging over US$15 billion of financing for funds, club deals and joint ventures on behalf of capital located in North America, Europe and Asia.

Our recent mandates have included arranging capital call, NAV and rediscount facilities on behalf of our clients.

Private debt team offers legal review, covenant monitoring and more

Citco’s enhanced direct lending service applies to portfolios holding privately negotiated loans, such as commercial senior mortgages, mezzanine debt, construction loans, bridge loans, residential mortgages and asset-backed credit.

The team reviews legal documents, tracks customised loan attributes and monitors compliance with deal covenants.

Other services include verifying interest rates and accruals, preparing amortisation schedules and establishing electronic feeds with loan servicers and agents.

Citco provides risk and transparency reporting on US$100bn of assets 

Citco’s comprehensive risk and transparency reporting services are available to all types of alternative asset managers and investors, including hedge funds, private equity/hybrid funds, institutional investors and family offices. 

Clients access interactive dashboards showing exposure and performance risk via the CitcoOne portal.

Returns reporting includes both time-weighted rate of returns and money-weighted internal rate of returns.

The service currently reports on total combined assets of more than US$100 billion.

Æxeo delivers real-time oversight of payments

Citco’s Æxeo payment system covers fund investments, settlement of OTC trades and margin, transfers between accounts and invoice payment.

Clients can use Æxeo payment system to approve payments without logging into individual bank portals. The system uses SWIFT to execute secure payments directly to leading financial institutions.

Æxeo payment system has strict authentication and permissions, and enables payments history to be extracted and audited. Stored data includes Standard Settlement Instruction and wire details from inception. 

Citco middle office solutions reduce costs and minimise risk

Citco middle office greatly expands the capabilities of the Æxeo administration system. The service provides hedge funds with fast, accurate data, and manages complex treasury and collateral processing.

With Citco middle office, Æxeo ingests trades post execution and distributes to the middleware vendor and/or prime broker/custodian. It reports trade status to the investment manager and escalates any discrepancies.

Clients can view the status of any trade at any time, irrespective of instrument type or matching venue.