The Citco Group of Companies (Citco) has launched CitcoConnect, a new digital solution that automates and simplifies the process of managing prospective investors, including an online utility for the placement of initial investments in alternative funds.
The solution features a flexible data room, dedicated to and managed by each Investment Manager, supporting capital raising and reporting as well as digitised initial subscription documentation functionality with embedded analytics.
CitcoConnect is a stand-alone solution that offers managers full control over which materials prospective investors have access to – including how they interact with such documents – through a secure and flexible data room. This data room can house fund offering materials, allows for profile creation and maintenance of each prospective investor, permits relationship tagging and estimated investment amount tracking. Unlike traditional methods of material sharing – for example, email or physical mail, CitcoConnect safeguards data while decreasing the time for investor prospecting and onboarding.
Greg Fenlon, Head of Alternative Investor Services at Citco, says: “Many investors are still operating in a paper-heavy world, filling in lengthy physical documents that have to be faxed, emailed or even mailed back to fund managers and administrators. CitcoConnect challenges the status quo and long-held industry norms, by digitalising much of this process and consequently streamlining and modernising investors’ experiences of the alternatives space.”
“CitcoConnect is a major enhancement to the investor experience and a radical step towards transforming dealing in alternative investment products, taking the industry to a new level of access and investment process facilitation.”