Portfolio

Northern Trust Drives Transparency in Private Equity Fund Administration

Leveraging FIS technology to Provide Enhanced Reporting and Analytics for General Partners

July 23, 2018 — CHICAGO–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) announced today it has developed enhanced reporting and analytical tools to provide private equity managers with greater transparency into fund operations, delivering on-demand data and customized views of portfolio information.

The sophisticated reporting for Northern Trust private equity fund administration clients was developed in collaboration with financial technology solutions provider FIS and leverages FIS’s Data Exchange Reporting and Analytics (DX R&A) solution. This capability enables on-demand reporting to answer investor and investment manager inquiries, providing general partners with direct access to detailed and comprehensive information on their schedule of investments, cash flows, investor capital commitments and balances.

Drive Increased Transparency

“We have focused heavily on deploying leading technology to drive increased transparency in private equity investing, and this latest enhancement is another example of how we continue to raise the bar,” said Pete Cherecwich, president of Corporate & Institutional Services at Northern Trust. “By incorporating the advanced FIS solution, we give clients the data they need to make more informed decisions.”

The new technology supports increasing demand from private equity financial officers for direct and immediate access to their data – enabling general partners to drill down into their trial balances and the underlying transactions. Access to intuitive dashboards displaying performance and risk metrics will soon be available.

“Northern Trust joins a growing number of firms that deploy our Data Exchange Reporting and Analytics solution to provide a self-service platform for their clients to view their data, run reports, and analyze portfolio performance,” said Sami Juma, Head of Alternative Solutions, FIS. “Using our advanced solution, Northern Trust’s clients can transform data into intelligence to improve decision-making, whilst simultaneously benefiting from an enhanced customer experience.”

By incorporating the advanced FIS solution, we give clients the data they need to make more informed decisions

Northern Trust’s Alternative Fund Services business provides fund administration, accounting and data and analytical solutions to more than 100 private equity managers across the globe. It supports diverse and complex fund structures across multiple domiciles and jurisdictions and has expertise in alternative investment vehicles, including private equity, private debt, venture capital, real estate, infrastructure and real asset investment vehicles.

 

 

 

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2018, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.