What We Do

Our team monitors the performance of private market portfolios and investments using cutting edge analytics and multi-layered process controls. We aggregate, review, and quality control data in our proprietary investment management accounting platform. The PMC team is also involved in many special projects and initiatives.

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WHAT WE FOCUS ON

Client Transitions

  • PMC’s Transitions Team works to ensure new clients’ historical and current data is transferred accurately into the iLEVEL platform
  • For full service clients, PMC will transfer in historical cash flows, PCAPs, and commitments for all funds
  • For uncovered funds, PMC transfers in one quarter of asset values along with qualitative data on the fund and the underlying assets
  • For covered funds, the client gets the historical holdings values as entered according to PMC’s entry methodology
  • Historically, 40-60% of the funds in a transitioning client’s portfolio exists in our database
  • In 2017, PMC successfully transitioned over 60 clients into the platform

Data Entry

  • Data entry is completed utilizing our automated business processing software and our offshore data entry teams in Chennai and Hyderabad, India
  • With insight from PMC, automated data entry infrastructure is being built out by our technology partner in Hyderabad, India to provide automated data collection solutions for unstructured data
  • In 2017, 70,000+ cash flows totaling $132 billion and 41,000+ client-fund market values were entered manually along with 166,000+ asset market values entered through both manual and automated entry

Data Capture

  • The PMC team is responsible for the collection and classification of all general partner documents relevant to a client’s investment in a fund
  • These include cash flow notices, partner capital statements, financial statements, quarterly reports, legal documents, and general correspondence
  • General partner documents are generally sent to the firm via email or retrieved from a website
  • Audit trail capability tracks workflow from document receipt through entry review
  • GP data capture automation is used to retrieve documents from investor portal
  • In 2017, PMC received 168,000+ emails and created 179,000+ tasks for the Data Entry team

Quality Control

  • PMC uses a number of control and exception reports to provide additional levels of review for all aspects of data integrity
  • Daily reviews are performed on market values, contributions, distributions, IRRs, and portfolio company holdings
  • Exposure checks, a review of a client’s ownership percentage to a fund’s underlying investments, are run quarterly for each client
  • Additional control reports range in frequency from daily to quarterly