-
~400+
Companies’ financial models and CMRs managed
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>85%
bandwidth increase for the on-shore team
-
100%
Accuracy with par-level TATs
CLIENT CHALLENGES
- The client, a strategic credit fund of a leading US-based global PE firm, approached Acuity Knowledge Partners to explore the possibility of offshore assistance in its portfolio monitoring process
- The fund had recently acquired a couple of lending platforms from a leading asset management company, thereby increasing the number of portfolio companies significantly
- The other challenge was in the processing and transitioning of data pertaining to the acquired portfolio companies, and using a proprietary monitoring tool – Black Mountain
- The acquisitions resulted in a sudden surge in portfolio monitoring workflow for the onshore team
OUR APPROACH
- Acuity Knowledge Partners set up a three-member offshore team for the client
- The Acuity Knowledge Partners team took end-to end ownership of the analysis process
- Preparing and updating detailed financial models of portfolio companies
- Analyzing capital structures and carrying out covenant testing
- Uploading the excel templates on Black Mountain (Everest tool) and generating CMR reports for investor review
- We leveraged their research capabilities and experience in working with the Black Mountain tool, thereby minimizing the time taken to transition the process
- To further expedite the transition and reduce work in the pipeline, an additional three-member support team was also set up
IMPACT DELIVERED
- The offshore team not only achieved a 100% accuracy rate, but was also able to match the onshore team’s turn around time
- It standardized the processes and templates to deliver efficiency gains and effective work-flow management
- The team’s cloud-based data management ensured the highest levels of data security, along with seamless work flow across the onshore-offshore teams
- It created an integrated structure with maximum visibility for the onshore team
- The team’s process resulted in the freeing up of over 85% of monitoring-related bandwidth for the onshore team
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