New York, NY (February 23th, 2018) Investors Economic Assurance, LLC (“IEA” or the “Company”) is pleased to announce it has received a System and Organization Controls (SSAE 18 Type II or “SOC-1”) attestation report for CapAdministrationSM, the industry leading waterfall and carried interest technology solution. IEA received the opinion from a leading Big Four audit firm in accordance with attestation standards of the American Institute of Certified Public Accountants (the “AICPA”). The audit firm thoroughly examined both the CapAdministrationSM solution and the controls which are relevant to client financial reporting. IEA introduced its CapAdministrationSM to the industry in 2000 and it leverages the Company’s industry-leading capital administration platform, CapAssure®.
“We are pleased to announce that IEA has received this SOC-1 report,” said Gary Shelto, Chief Executive Officer of IEA. “We will now be able to provide clients our industry leading waterfall and carried interest solutions with the additional assurance of a product that is SOC-1 compliant. IEA’s CapAssure® and CapAdministrationSM solutions allow our clients to leverage proven technology and controlled services which leads to increased accuracy, auditability and transparency while reducing risk, and lowering operational and audit expenses for LPs and GPs.”
“Receiving the SOC 1 accreditation is the next step for IEA, as it continues to grow and provide CapAssure® and CapAdministrationSM to leading Private Equity firms,” Shelto continued.
IEA is the global leader in providing waterfall and carried interest solutions to the Private Equity industry. Its trusted CapAssure® and CapAdministrationSM products provide a GAAP-based, fully integrated platform which can assist General Partners (“GPs”) in providing superior reporting to Limited Partners (“LPs”) while simultaneously managing complex carried interest calculations for GPs.
The Company has a seventeen-year track record of successfully providing its products in a secure, reliable and easy-to-use platform. IEA has on-boarded over 65 funds that collectively have committed capital of more than $50 billon.
For more information about CapAssure® and CapAdministration® please contact your IEA representative, respond to this e-mail or visit www.iea.us.com .