P Capital Partners
About P Capital Partners
P Capital Partners is a Nordic Investment Fund Manager (AIFM) and are a provider of private credit solutions to European entrepreneur- & family-owned companies, as well as to developers of sustainable infrastructure. They invested more than €5 billion during their 20+-year long history. Their goal is to support companies to reach their full potential and build long-term, sustainably profitable businesses. They manage the P Capital Partners funds which provide tailor made credit funding facilities to European midsized companies. P Capital grew from having to report 5 AIF's twice a year, to reporting 8 AIF's quarterly. For this case, we spoke to Martin Alm, CFO at P Capital Partners.
The AIFMD Annex IV reporting challenge
As the new regulations for AIFMD Annex IV reporting were set by the regulator, they didn't have the internal set-up or capabilities to do the AIFMD annex IV reporting. The old solution was soaking up too much time as they had to input all their fund information manually into a web browser in order to create the AIFMD reporting XML. They wanted a system in which as many things are automated to save time.
The solution
Now, Alm simply links his existing Excel documents to the Annex IV reporting template from Matterhorn. No re-keying of data. In the beginning it took some time to set up the template with static information about the fund, but once that was done it worked as an automated solution, filling in the right numbers for you. The automated validation and consistency checks made sure the data was correct. Instead of spending days doing the AIFMD Annex IV reporting, Alm now spends a couple of hours.
The result
Alm managed to cut down on the time needed to do the AIFMD Annex IV reporting.
"First I did everything manually, which was extremely tedious work with a high risk of errors. Now I'm doing everything automated and fairly quick."
He reduced the risk of incorrect data because the fields in the AIFMD Annex IV are validated, and the template is always up-to-date. Matterhorn's AIFMD Annex IV reporting template signals alerts when something is wrong, reducing the risk of errors with every submission. It's also in line with the costs of the old solution. The difference is that the Annex IV reporting template is an automated solution that saves Alm days of valuable time.
"I think my reporting is better now than it was before. I'm more confident that we are following the latest regulations, and I'm not worried about getting reprimands from the regulator."
