1 December 2008
WATERTOWN, MA – December 1, 2008 – Netage Solutions, Inc., the leading provider of CRM software for the alternative assets industry, was featured in the cover story of the November 2008 issue of Dow Jones’ Private Equity Analyst, one of the most influential and widely read publications covering the private equity industry.
The story, “Managing Risk Takes Center Stage as GPs Put out Fires and LPs Watch Cash”, discusses how the recent financial crisis has lead private equity firms and their investors to reevaluate how they define and manage risk. Netage CEO Krassen Draganov draws an analogy to growing a garden to illustrate the difference between managing a private equity portfolio in good times and bad: “Before, you just threw the seeds in the ground, and they grew because the environment was so good. Now, you have to water, weed, and watch those plants much more than you did before.”
Mr. Draganov goes on to discuss how Limited Partners (LPs) are putting added pressure on private equity firms to implement better portfolio management systems that ensure early detection of risks. He says “[LPs] want to make sure that funds have good operational procedures to keep an eye on portfolio companies in a systematic way so they can [better] identify where the trouble might be.”
About Private Equity Analyst
Since 1989, Private Equity Analyst has been the premier news source for which LPs are making allocations and why, which firms are raising funds or about to start, and the key private equity deals being done around the world.
About Netage Solutions
Netage Solutions, Inc. is the leading provider of CRM and reporting software for the alternative assets industry, including private equity and venture capital firms, hedge funds, real estate investment firms, prime brokers, funds of funds, and institutional investors. Intuitive and highly configurable, the Dynamo™ Suite has improved the productivity of deal and investor relations teams worldwide. Collectively, our clients manage nearly $400 billion in assets. For more information, please visit www.NetageSolutions.com.
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Ed Hadley
Marketing Manager
Netage Solutions
(617) 393-2377
edward (at) netagesolutions (dot) com