The ID Register is a central industry utility for all LPs, GPs and service providers
The ID Register launched on 22 July 2016 as an independent, central industry utility. It is wholly owned by the Ipes group, a distinct business unit, available to all industry participants. Ipes is a European administrator focussed on Private Equity with practical experience of the pitfalls of a paper-based KYC.
We have worked with KPMG since the inception of FATCA when they advised on our processes and this grew into a joint service with KPMG providing assurance on the classification of each fund vehicle and the reporting at the end of the process. We expect to shortly announce a global alliance whereby The ID Register will be a partner service offered directly by KPMG across their country network.
The ID Register’s other public alliance is with Stepstone Group. Jason Ment, their General Counsel approached us to help standardise the subscription questionnaire that is completed by every investor, in slightly different formats, every time they subscribe into a new fund.
The ID Register is a solution for Private Equity and being hailed as a revolution for the investor on boarding process in the private fund market.