eFront, a software provider of financial solutions for managing alternative investments, has announced the launch of FrontESG, a solution that facilitates efficient ESG information collection, reporting and analysis between limited partners, general partners, and portfolio companies.
FrontESG provides an information request framework that removes the ambiguity and complexity for general partners (GPs) and portfolio companies in answering questions from investors while speeding up the information gathering process for limited partners (LPs) and GPs.
The development of the FrontESG solution was possible due to a solid relationship between eFront and SWEN Capital Partners. SWEN Capital Partners is a key player in responsible investment in private equity and invests for its clients, namely European private equity, private debt and infrastructure institutional investors. The software provider relied on SWEN Capital Partners’ business expertise in the domain of responsible investment in order to provide a solution that can either be efficient as a standalone offering, or integrated into an existing eFront product suite.
FrontESG, available as hosted or in SaaS mode, allows LPs and GPs to create customized information requests, choosing indicators from a predefined library, or create their own indicators. This approach allows LPs and GPs to adapt their information requests according to their own ESG policies. All eFront clients can now benefit from a complete solution, fully integrated in their FrontInvest suite, to access a unique portal gathering both financial and non-financial data.
FrontESG allows investors to analyze and interpret the data and then diffuse it to all involved stakeholders. This new offering is designed to ease the permanent monitoring of key developments of ESG factors, which will allow the building of more efficient responsible investment strategies and illustrate the investor’s decision making.