HOBOKEN, N.J., Aug. 3, 2012 (GLOBE NEWSWIRE) -- The Burgiss Group, makers of the Private i platform of private equity software and data services have partnered with QIC, one of the largest institutional investment managers in Australia. QIC's Global Private Equity boutique (QIC GPE) utilises the powerful combination of Private i, Private informant, and Private iQ to monitor and manage private capital portfolios and to serve a broader range of client needs.
Established in 2005, QIC GPE offers advisory fund of funds (whole-of-fund investing), co-investments and maintenance programs. The QIC GPE boutique has over 70 years of collective global private equity experience and over $3 billion in funds under management.
"When we commenced investing on behalf of our clients in 2005, we knew that we required a platform that offered both software and data for our investments," said Marcus Simpson, Head of Global Private Equity at QIC. Marcus continues, "The Private i platform helps us deliver fund, portfolio company and investor reporting quickly and efficiently. With Burgiss we got world-class software and the fund data necessary to provide very rich and comprehensive reporting in one package."
With recent growth in the number of clients they manage QIC GPE needed to provide additional portfolio management services which entailed managing fund data outside their core client portfolios. They were able to easily integrate this separate portfolio into the system and even provide investor reporting across both areas. "We see this more and more today," said Jim Kocis, President of the Burgiss Group, "A successful private equity investor expanding into the portfolio management space by leveraging their expertise and processes. It's a win-win for their investors."
Now QIC stands well positioned to add more clients' portfolios to the mix, as it is a simple process to bring them onto the Burgiss platform. Again Marcus comments, "Adding a new area of asset management to the mix could have been a challenge to our internal processes. The Private i platform made this a very simple transition, and we were able to identify our incremental costs well ahead of time. We are also able to make timing guarantees to our clients, knowing that the system is so flexible."
Burgiss also sees opportunity in this partnership with QIC GPE. "There are investors who can use our products, but need local expertise in administration. Now that QIC GPE are Private i experts, they can play that necessary role. We are very pleased to have such a strong partner in this strategic part of the world," said Jim Kocis.
The Burgiss Group, LLC, headquartered in Hoboken, New Jersey (USA), is a privately-held solutions provider catering to limited partners, advisors and fund of funds in the private capital market. With over 350 clients worldwide, Burgiss provides solutions to manage investments through every stage of the private capital investment life cycle. The Burgiss Group counts many of the world's largest investors in alternative assets among its customers, including pension funds, endowments, foundations, funds of funds, gatekeepers, consultants and family offices. For more information, visit www.burgiss.com
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About QIC:
QIC Limited (QIC) is a leading provider of dynamic investment solutions for institutional investors. Formally established in 1991, QIC is Australia's third largest institutional investor* with $63.5 billion in funds under management (31 March 2012). QIC is solely focused on providing investment management solutions that meet the specific needs of our clients.
QIC offers a full range of specialist investment strategies across multiple asset classes and disciplines. Headquartered in Brisbane, Australia, QIC is supported by over 500 experienced investment professionals and associates in offices around the globe including Sydney, Melbourne, London, Los Angeles, San Francisco and Copenhagen. For more information, visit www.qic.com
*Rainmaker Survey, December 2011
QIC Limited ACN 130 539 123 ("QIC") is a wholesale funds manager and its products and services are not directly available to retail investors. QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 ("Corporations Act"). QIC does not hold an Australian financial services ("AFS") licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. Please note however that some wholly owned subsidiaries of QIC have been issued with an AFS licence and are required to comply with the Corporations Act.
QIC, its subsidiaries, associated entities, their directors, employees and representatives ("the QIC Parties") do not warrant the accuracy or completeness of the information contained in this document ("the Information"). To the extent permitted by law, the QIC Parties disclaim all responsibility and liability for any loss or damage of any nature whatsoever which may be suffered by any person directly or indirectly through relying on the Information, whether that loss or damage is caused by any fault or negligence of the QIC Parties or otherwise. The Information is not intended to constitute advice and persons should seek professional advice before relying on the Information.