StepStone’s latest research, The ID Register: A More Efficient Universal Onboarding Platform, examines several initiatives that Private Markets have taken to reduce the cost and complexity inherent to the investor onboarding process. Standardization in financial services has been more successful when wide-spread adoption leads to greater efficiency and does not concentrate costs to any one group. More than diffusing costs, the ID Register is a powerful tool that benefits GPs and LPs alike.
– LPs spend less time performing tedious tasks by creating one profile that contains enough information to comply with anti-money laundering and know your client regulations in several jurisdictions, and can be shared with each fund to which the LP subscribes.
– GPs enjoy a simpler sale process and can close each subscription faster.
View and download the research whitepaper here.
We encourage you to explore the platform and the diligence materials available for GPs, LPs and service providers at www.theidregister.com. If you would like to learn more about our research on fund subscriptions, please contact any of us at StepStone.
Sincerely,
Tom Keck
Partner & Head of Research
4275 Executive Square, Suite 500
La Jolla, CA 92037
+1.858.558.9700
tkeck@stepstoneglobal.com
Jason Ment
Partner, General Counsel & Chief Compliance Officer
885 Third Avenue, 17th Floor
New York, NY 10022
+1.212.351.6100
jment@stepstoneglobal.com
