11.30.17Regulatory Filing Automation & Process Improvement
In 2017, SteelBridge marked its five-year anniversary of successfully filing SEC regulatory disclosures for over 160 funds at a global fund manager. This massive effort has evolved from enhancing a proprietary data warehouse to creating custom calculation engines to integrating over a dozen data sources. “As firms streamline and adapt, our efforts have shifted focus to hands-on training and creating a sustainable, repeatable process,” said SteelBridge Managing Partner James Haluszczak. “We spent years building the tools – now we’re building the teams that use them to make each year a success.”
06.08.17SalesForce Strategy for Investor Relations
This established Silicon Valley player brought us Netflix, but when they needed help with SalesForce to manage their Investor Relations and Marketing, there was only one player with a proven track record to back it up; SteelBridge Consulting. With multiple funds raised and two more planned, this client needed more horsepower to help its Investor Relations team manage the meetings, materials, and tracking potential commitments as they traversed the world servicing existing LPs and signing up new ones.
06.01.17iLEVEL Implementation Experts
The SteelBridge Platform Partnership Program is a collaborative community that recognizes leading solutions providers to the alternative investment industry. iLEVEL is one of SteelBridge’s oldest Platform Partners, so our knowledge of this product is deep, and is kept current with every new release. Benefit from our knowledge when performing an iLEVEL implementation by getting your data organized and loaded into their templates right the first time, without adding any additional burden to your current accounting and reporting teams.
05.15.17Carried Interest Plan Design and Governance
When a large international investment bank with a significant private equity practice needed to re-engineer its carried interest plan
design and governance, they turned to SteelBridge, a proven leader in this space. We took over 5 plans, spanning over 100 employees,
and simplified the terms and conditions of the plans to ease their administration and make transparent the benefits to the participants.
SteelBridge consolidated all the plans onto a single platform with push-button reporting, increasing governance and reducing fiduciary
risk to the bank.
05.09.17Regulatory Filing Process Improvement, Project Management, and Tr...
A leading global investment bank was consolidating its regulatory reporting responsibilities with one central controllers group. This endeavor meant understanding how multiple lines of business filed disclosures, what systems they used, and what overarching legal and compliance interpretations should be applied. SteelBridge was engaged to merge the merchant bank methodology with the investment bank methodology of that firm, providing assessment of opportunities for improvement, training of the new team, and management of the filing process.
10.18.16Financial Statement Preparation for Start-Up Fund
A start-up Private Equity fund focused on marketing, rebranding, and growth in the health and beauty product sector contracted our Center of Excellence team for staff augmentation related to fund accounting and advisory services. The goal of the engagement was to bring their firm operations and reporting to an institutionally quality so that they would be positioned to raise a second fund. This goal was accomplished by instituting best practices and workflow to the accounting process, and developing “Big Four” audit quality workpapers. This involved a historical data clean up project, expense reclassification for offsets, and year by year restatement of historical financials.
Manage private capital business events using Cloud WorkFlow designed by SteelBridge Technology Solutions. Our robust technology team knows of a smarter, better way to complete business events and oversee end-to-end processing of information flow. Our customized Cloud WorkFlow designs, assigns, exchanges, analyzes, and stores information in one central application. No more confusion in managing multiple systems and distribution methods. Design business events, assign tasks, and create data forms with a real-time 360-degree view that shows everything is running like clockwork, just the way you want it.
09.13.16Accounting and Fund Financial Reporting
Period end reporting always has its challenges. It can be even tougher if staff has turned over or transaction volume was higher than expected. Augment your financial staff with the accounting and reporting experts at SteelBridge. We parachuted in to perform the accounting entry and financial reporting role during the year-end process for a venture capital firm with AUM of roughly $220M. This market leader in the clean energy and water sector needed to institutionalize its back and mid office for financial accounting and reporting. SteelBridge delivered timely, accurate and reportable financials to the Fund and its LPs and also put a repeatable, documented process in place to deliver financials going forward with limited SteelBridge assistance.
07.29.16Center of Excellence Full Solution
We helped a growing private equity fund manager enhance their portfolio monitoring and fund accounting for multiple funds. Our team supported the valuations process, fulfilled fund accounting roles, prepared financial statements, and worked with auditors to meet compliance and other investor-related reporting requirements. Throughout the engagement our team also identified and implemented improvements to historically manual and error-prone processes.
07.27.16eFront FrontGP Implementation and Project Management
SteelBridge led the project management and implementation for eFront’sF FrontGP product for a long established middle-market PE fund manager to migrate their $4 billion in transactions. Our team contributed to the successful implementation by understanding all the client’s historical data and configuration needs. Our deep FrontGP product knowledge and experience helped make the daunting task of implementing go quickly and smoothly.
06.27.16eFront FrontInvest Support
SteelBridge successfully assisted one of the most recognized healthcare-focused fund managers (AUM $5 billion) to enhance their usage of eFront’s FrontInvest platform. The client was challenged with proper reporting and quarterly close processing. By working directly with eFront’s developers and client support team, SteelBridge was able to help the client effectively leverage FrontInvest’s full accounting and reporting capabilities.
When one on the world’s largest and oldest financial institutions needed assistance with their Multi-Manager platform, they called SteelBridge. We performed project management and business analysis roles on new business implementation and system conversion of multiple hybrid fund clients for fund administration group of a leading global custodian bank with over $2 trillion in assets under management.
02.10.16Partnership Accounting Investran Implementation
We helped one of the oldest media-focused private equity managers in the world migrate to SunGard’s Investran platform for their $42 billion in transactions dating back to 1989. Our team contributed to the successful implementation by understanding all of the client’s historical data and configuring needs and translating them to the vendor so that they could properly configure the system and accurately migrate the data. Our experience helped make the daunting task of implementing such a complex system go smoothly.
01.27.16Portfolio Company M&A Growth Support Services
A nationally recognized insurance company received PE backing to facilitate rapid growth through mergers & acquisitions. The company faced challenges integrating new systems, processes, and resources to support the growth. SteelBridge was selected by the PE manager to lead the implementation of a core record keeping software system, allowing efficient acquisition integration onto a single, unified platform.
12.22.15Report Development and Support
A $19 billion global private equity firm outsourced their long-term reporting support needs using the SteelBridge Center of Excellence managed services model. The client was able to successfully manage frequent and complex financial reporting requests without needing to provide extended notice by using SteelBridge’s in-house developers and business analyst experts. Using the CoE support model also gave the client the ability to carry over unused hours when not needed or pay as they went for more hours. The CoE support model gave the client on-demand resources without the extra overhead.
11.25.15Portfolio Company Sales Support
A $42 billion private equity fund manager engaged SteelBridge to provide support for the sale of one of its portfolio companies. SteelBridge was engaged to monitor and facilitate execution of operational synergies and the achievement of fiscal milestones by management- synergy success was heavily weighted into the company’s valuation. SteelBridge was also responsible for working alongside the fund manager’s professionals and investment bankers to collect information for due diligence requests. Over a half dozen leading, global private equity bidders executed due diligence in advance of the company’s auction.
10.19.15Accounting Software Issue Remediation
A hedge fund manager encountered backlogs and delays implementing its new fund accounting solution for managing client transactions. In just four months, SteelBridge was able to work with the client to debug and fully implement the system. “Sometimes challenges arise, and clients find themselves needing a little additional support to get over the goal line. That’s when we quickly bring resources to bear to help them get difficult undertakings like these under control,” said SteelBridge Partner Todd Haring.
09.18.15Software Vendor Selection
SteelBridge successfully facilitated a complex software vendor selection process for a growth-capital private equity firm. Through careful project management and the injection of SteelBridge proprietary scorecards and custom due diligence questionnaires, the firm was able to implement a new, robust portfolio monitoring solution. “This process can really bog down a firm, so we’re proud of having helped our client manage its time and resources so well,” said SteelBridge Partner Todd Haring.
08.01.15GP Accounting Investran Implementation
Responding to ever-increasing demand for third-party accounting systems, SteelBridge recently implemented SunGard’s Investran system for a top-10 private equity firm. “Whether companies build systems like these in house or engage third parties, one of their biggest hurdles is successful migration and implementation,” said SteelBridge Technologies Director Luis Burgos. “Our SteelBridge teams provide them with the means to do so quickly and effectively.”
07.01.15IR Operational Improvement and Salesforce Implementation
SteelBridge successfully selected and implemented a top-of-the-line CRM system for a top-20 debt fund manager in Boston. This work included the incorporation of document management and event management software. Said SteelBridge Managing Partner, Jim Haluszczak, “It’s critical in the era of communications and disclosures that firms engage the best possible solution to manage so much information.”
06.01.15Data Management- Systems Re-Engineering
Managing employee funds is always a delicate task. A top-10 private equity fund manager encountered this challenge with their employee funds, representing over $8 billion in commitments and 7,100 investors. SteelBridge was engaged to evaluate and re-engineer both the fund-accounting and investor-relations processes for these funds. Said the client’s Managing Director, “We could not have done this project without SteelBridge.”