Burgiss Enters Strategic Partnership with Citi Private Equity Services
Hoboken, NJ, December 13, 2011 – Burgiss, a Hoboken, NJ-based solutions provider to the private capital markets, today announced a strategic partnership with Citi Private Equity Services (Citi PES), a leading global provider of accounting, administration and tax services to private equity, venture capital and institutional investors.
Private capital investors are facing an increasing burden to consolidate data, track returns and administer investments across multiple funds and administration agents. Responding to this need, Citi has partnered with Burgiss to leverage their software and data services to deliver integrated investment reporting and analytics that are seamlessly integrated into Citi’s private capital administration service. These solutions, Private i, Private Informant and Private iQ, are today used by thousands of investment professionals in over 350 investment firms worldwide.
“Our relationship with Burgiss underscores Citi’s long-standing commitment to provide premier administrative services and market-leading technology and data services to our private equity and real estate clients,” said Joe Patellaro, Global Head, Private Equity Services, Citi. “The Citi solution combines the strength and experience of our operational capabilities with comprehensive web based reporting and data analytics to enable private equity investors to more efficiently access decision making and monitoring information, and focus more of their core resources on investing and managing their portfolio.”
“We’ve never had a tougher audience than the group at Citi Private Equity Services, and so we’re extremely pleased that they have chosen our solutions to help serve their growing customer base.” said James Kocis, President of Burgiss. “The Citi PES group is known throughout the world for its deep expertise in the private capital markets and we look forward to working with their team.”
Burgiss provides portfolio management software, data and analytics to asset owners investing in private capital. Our solutions streamline the investment process, provide transparency into portfolio holdings, and enable data-driven decisions. As an integral part of the private capital ecosystem, we continue to enhance our solutions by working with investors to meet their ever-changing needs. Learn more at www.burgiss.com.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.