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Show all media for Private Wealth >Private capital investors want more data than ever – so how can CFOs deliver? Our global survey addresses this challenge – and more.
Download the reportBetween December 2020 and January 2021, we surveyed 300+ private capital CFOs from around the world to ask them how they expect their roles to evolve over the next decade. The results were compelling – and highlighted an urgent need for transformation in the private capital space.
Respondents to our survey, conducted in partnership with Global Custodian, anticipate a sharp rise in reporting demands from their LPs over the coming years. Many expect a requirement for daily, or even live updates. As trends such as ESG become even more widespread, the diversity and depth of this reporting will only become more complex – so private capital funds must pick the right tools to help them deliver.
In this journey towards greater transparency, private capital CFOs say they’ll look to one of these three options: outsourcing operations, investing in more technology, or hiring in more talent.
Read on for more of our key report insights.
We also revisited these themes in January 2022 – click here for more recent findings.
64%
of CFOs expect LPs to require live or daily reporting updates
57%
expect their LPs to require greater focus on cybersecurity
51%
expect a need for daily or live ESG updates
The private capital CFOs we surveyed also highlighted these as their top three solutions:
Private capital funds must invest US$5.5 billion globally over the next five years to meet investors’ increasing demands for transparency
Read moreData has become a lot more complex in the private capital world. The more complex the data needs, the more geographies that data comes from and the more frequent the reporting that clients expect to be available – then the more of a challenge it will be to maintain all these functions in-house.” Chitra Baskar, Chief Operating Officer and Global Head of Funds and Product
Join our webinar, in partnership with the BVCA, on Friday 19 March, where we discuss how the private capital sector is adapting to a ‘data-centric’ age.
Register nowBoth the level of information required around a fund’s strategy and the frequency of data required by investors will vary depending on the type of fund. From the most liquid to the most illiquid, you'll probably see debt, private equity, real estate, infrastructure, and natural resources. The more illiquid the fund, the less frequent the updates will be.” David Sarfas, Managing Director, Private Capital
Chief Operating Officer and Global Head of Funds & Product
View bioChief Operating Officer and Global Head of Funds & Product
Chitra Baskar is Chief Operating Officer and Global Head of Funds and Product at Intertrust Group, a world-leading, specialised administration services provider listed on Euronext, Amsterdam. Chitra has more than 30 years of experience in the securities market and took on the COO role for Intertrust Group in December 2020 alongside her existing role of Global Head of Funds & Product. Together with her expert colleagues, she is dedicated to finding solutions for clients that allow them to transform and unleash the potential of their operating model by driving the efficiency, technology and insight needed to achieve a competitive edge.
CloseRegional Managing Director, Asia Pacific
View bioRegional Managing Director, Asia Pacific
James is the Regional Managing Director of Intertrust Group in Asia Pacific with over 400 specialists across 10 offices offering corporate, fund, capital market and private wealth services to multinationals, fund managers, financial institutions and business entrepreneurs worldwide.
James joined Intertrust Group in 2015 as a member of the Management Team in Hong Kong and China. In addition to managing the Hong Kong office, he has been the Head of Fund Services responsible for the delivery of services to Intertrust Group’s alternative investment fund clients across Hong Kong and China and was also responsible for leading the Group’s Private Equity strategy across Greater China.
Prior to joining Intertrust Group, James spent over ten years at KPMG in Hong Kong/China and Australia, his last position was a Director in the Financial Services division.
CloseCountry Head, Luxembourg
View bioCountry Head, Luxembourg
David Sarfas joined Intertrust Group in 2020. In 2022, David moved to Luxembourg where he took the role of County Head.
David is responsible for driving the growth of Intertrust Group in Luxembourg, the largest fund domicile in Europe. David is supporting the development of new funds and private capital-related offerings, working closely with clients and prospects alike to grow the business.
David brings with him over 25 years of experience in financial functions, serving large multinational corporations and private equity firms with extensive financial, accounting and transaction experience. Before joining Intertrust Group, David worked at MUFG Investor Services and has also previously held roles at EY and PwC.
David is bilingual French and English.
CloseDirector, UK Funds
View bioDirector, UK Funds
Edwin Chan joined Intertrust in November 2019 as Director of Business Development in the U.K. where he’s responsible for leading Intertrust’s expansion of its client base among alternative fund managers and investors in Europe. He has a particular focus on specialist alternative asset servicing solutions across hedge funds, private equity, private credit, real estate, infrastructure and renewable energy funds.
With over 20 years’ experience in the alternative fund industry, Edwin joined Intertrust from DMS Governance where he was EMEA Head of Business Development and from Northern Trust where he led the business development efforts in the private capital sector within EMEA. Prior to that he was a Senior Director in business development at SS&C GlobeOp and spent eight years at Wells Fargo where he held several roles, latterly as the Global Head of Fund Accounting. Previously he was European Head of Fund Accounting of Black River Asset Management, a US$ 12BN hedge and private equity manager.
Prior to this, Edwin has held various senior positions at HSBC in Hong Kong, Citi in Bermuda and qualified as a Chartered Accountant with PwC in London.
Edwin is an active contributor to the alternative funds’ industry having been the co-editor for AIMA’s Guide to Sound Practices for the selection of fund administrators, part of the Working Group for the Hedge Fund Standards Board for Administrator Transparency Reporting; and publication of a white paper on hybrid alternative fund structures. Edwin has also ran multiple masterclasses for AIMA and leading law firms on performance fee/carried interest calculations.
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