P(Y)our security is a priority

We’re often asked about our security posture, and for good reason — with over 200 alternative asset clients, the integrity and security of sensitive client data is imperative, further emphasized by some of the recent SEC compliance mandates. In our efforts to ensure that we at Netage surpass client expectations, we’ve continued hardening our IT systems and procedures via continuous testing and validation of our security controls. Not long ago we successfully completed a SOC2 Type II audit, formerly known as SAS 70.

Guess what? It’s not always money. As we at Netage do our best to keep a pulse on the industry and trends, we’ve read several reports over the last few months from industry peers quantifying the decline in investor transparency.

Back in August our friends over at Clear Momentum conducted a survey of Investment Deal Teams (which you can find here). There are a number of really great takeaways, but the polarized perceptions of GPs and LPs was really the most striking. To summarize, and perhaps unfairly to the greater content of the report, GPs hold confidence that they are satiating the demand for transparency, while LPs are hungry for more. This isn’t the first such report we’ve seen, as there are several others independently authored that reach very similar conclusions. Thus, we have the consistent issue of fund managers reporting less, but operating under the assumption they’re providing more than enough information.