The Working Group will provide a collaborative environment to:
Identify common industry challenges in operational processes across the fund lifecycle.
Explore innovative solutions to enhance efficiency, accuracy, and investor outcomes.
Strengthen connectivity between Investment Managers, Unit Registries, and Custodians.
The Private Asset Working Group is responsible for:
Operational processing pain points and inefficiencies
Enhancements in investor onboarding and reporting
Subscription, transfer and sale challenges
Distribution, valuation and unit pricing challenges
Reconciliation
Use of data standards, automation, and technology enablers
Future state opportunities: straight-through processing, DLT, and platform innovation
How do we do this?
Provide input to Private Asset best practices and process improvements.
Recommend ACSA advocacy positions on key Private Asset efficiencies.
Communicate to ACSA members, and broader stakeholders.
Deputy Chair
Omar Ramadan, Citigroup Services
Other Support
In the first instance canvass support from the ACSA member base
Initial support services to be provided to the subgroup.
“As investments into private markets continue to scale, investors and their service providers are faced with the opportunity to substantially transform the process of standardising data across the value chain. The ACSA Private Assets Working Group is
essential for driving improved efficiency and adopting best practices, which requires commitment from both investors and their service providers to ensure the implementation of standardised and scalable data sharing mechanisms."
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