More broadly, 89% of portfolio company management teams believe tech-enabled collaboration would promote a more productive relationship with their sponsors. Nowhere is this shift more apparent than with value creation – an area where firms are hungry for technology to replicate and enhance their approach."Īccording to Accordion's State of the PE Sponsor-CFO Relationship Report, 88% of PE sponsors and 86% of PE-backed CFOs believe having a digital value creation plan would improve the PE-firm-CFO working dynamic. Optimize Talent: Maestro allows firms to access a disciplined and customizable framework to ensure that portfolio company leaders are in the right roles – and track the team's progress against plan.Ĭontinued Newlan, "PE has long resisted technology, but we're starting to see a critical shift toward meaningful embracement of digital tools. Partner Seamlessly: Maestro enables the development of targeted, actionable, and achievable plans with company management teams – enhancing communication and strengthening alignment around the growth plan.Ĥ. Track (What's Important): Maestro promotes transparency and ensures accountability by enabling insight into portfolio company performance – from the strategic objectives to the tactical initiatives.ģ. Leverage Best Practices: Funds can use Maestro to institutionalize their firm best practices – or tap into a library of expert playbooks – making their approach scalable and repeatable across the portfolio.Ģ. More specifically, Maestro allows sponsors to tech-enable across 4 critical areas:ġ. Maestro changes that."Īs the first and only DPM platform, Maestro creates a collaborative workspace to centralize everything required to plan, manage, and assess portfolio companies' growth throughout the investment lifecycle. Fund intellectual capital floats in a sea of spreadsheets and dispersed documents, if documented at all. The approach to driving value should be easy to scale and replicate, but it's not. "And yet," said Amy Newlan, SVP and Head of Client Development, Maestro, "there is no process in place to codify, institutionalize, or digitize those improvements. According to The Boston Consulting Group, deals with operational improvement generate the highest returns, even when they have the highest purchase prices. Recognizing the potential for accelerating exit, sponsors are also embracing a new portfolio wide-focus on driving value. In fact, according to PWC's recent Private Equity Trend Report, 88% of respondents named operational improvement as a top factor influencing investor rationale. LPs are selectively investing in those funds that can showcase a professionalized, proprietary approach to driving operational improvements. Private equity is undergoing a significant transformation. We've channeled years of insights into the creation of a technology platform to help make it easier." What we've learned – and what we know – is that the value creation process is maturing and hard. Maestro is tech-enabling the value creation process by providing PE firms a more strategic and institutionalized way to manage their investments from diligence through exit."Īdded Jon Apter, CFO, Accordion and Executive Advisor, Maestro, "We've spent a decade working with 200+ sponsors and their portfolio companies on operational improvement best practices.
"As the first DPM software, it fills a critical need in the Private Techquity landscape. "Maestro is pioneering the Deal Performance Management (DPM) category," said Nick Leopard, CEO, Accordion. Built by and for private equity (PE), Maestro is not only Accordion's first product, it is the first technology of its kind.
Accordion partners software#
NEW YORK, Ma/PRNewswire-PRWeb/ - Accordion, a private equity-focused financial consulting and technology firm, today formally launched Maestro, a software platform designed to maximize value in private equity-backed companies.
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