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May 15, 2018 09:00 AM EDT |

DALLAS, May 15, 2018 /PRNewswire/ -- Solovis, a multi-asset class portfolio management, analytics and reporting platform for limited partners, asset owners, and allocators, today announced it has signed a partnership agreement with AcordIQ to distribute AcordIQ's private equity investment cost management technology via the Solovis platform. This partnership allows Solovis to further expand the spectrum of data it delivers to clients as part of its multi-asset class portfolio management platform – providing the most comprehensive investment management analytics platform on the market today.
"Solovis is unique in its ability to address the large-scale, strategic portfolio management, analysis and reporting needs of the asset allocator community, and we are excited to be working with them," said Chuck Dooley, CEO for AcordIQ. "The addition of our private equity investment cost intelligence, verification and analytics capabilities to the Solovis platform will be a great asset for investors wanting to systematically calculate and test fees across their portfolio for greater insights, control and assurance of their costs and related performance attribution."
Solovis has quickly emerged as an innovator in fintech, with a unique focus on the large-scale institutional investment management needs of pensions, foundations, endowments, OCIOs and family offices. This partnership with AcordIQ is the latest move in its product expansion strategy.
"Our clients have told us private equity fee data is a critical factor in analyzing institutional investment portfolio performance," said Josh Smith, CEO and co-founder of Solovis. "We are excited about the value our partnership with AcordIQ will deliver to the institutional investor market. Having already discovered several material calculation issues in private equity fees, we feel clients have an opportunity to earn real returns."
About AcordIQ
AcordIQ is a global solutions provider of advanced technology and services to the private capital industry. AcordIQ was founded by financial industry insiders who understand the full spectrum of private equity fund accounting, distribution waterfall and all the complexity and nuances that come with investment cost management. AcordIQ is a privately-held and funded company, headquartered in New York City, with offices in Europe and Asia. Visit www.acordiq.com.
About Solovis
Solovis is a multi-asset class portfolio management and reporting solution for foundations, endowments, pensions, OCIOs, and family offices. Designed and built for open architecture asset management, Solovis is a flexible, robust technology platform that enables detailed analysis and dynamic data modeling across multiple portfolios and pools of capital for actionable, transparent insights that empower investors from the front to back office. Visit www.solovis.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/solovis-and-acordiq-partner-to-deliver-private-equity-investment-cost-intelligence-and-tracking-to-limited-partners-and-asset-allocators-300646174.html
SOURCE Solovis
Published May 15, 2018
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