Northern Trust announced that it has entered into a strategic agreement with Hamilton Lane to provide its proprietary software Cobalt LP and integrated services to Northern Trust Asset Servicing clients.
Northern Trust will offer clients access to Hamilton Lane’s private market data, analytics, and tools through its suite of Northern Trust Total Portfolio Analytics solutions, an ecosystem that comprises integrated technology and capabilities across the entire investment lifecycle.
Hamilton Lane’s tech-enabled solutions available to asset servicing clients will include Cobalt LP, which provides advanced private market analytics and pre-commitment research capabilities in a digital, turn-key format. ]
In addition, Northern Trust clients will be able to leverage Hamilton Lane’s underlying portfolio company data service which includes the tracking of core portfolio company metrics, company fundamentals and asset class specific metrics across clients’ private markets portfolios.
“As our global clients maintain significant exposure to private markets, their need for sophisticated analytics continues to increase,” said Melanie Pickett, head of Asset Owners in the Americas and Global Total Portfolio Solutions at Northern Trust, in the statement. “We are proud to offer a full front-to-back office decision-making solution featuring Hamilton Lane’s front office analytics combined with our core Front Office Solutions investment book of record (IBOR) support.”
“At Hamilton Lane, our Cobalt LP platform and integrated services are designed to help asset allocators make informed decisions with greater confidence, precision and insight,” said Griffith Norville, head of Technology Solutions at Hamilton Lane, in a statement. “Through this exciting collaboration, we seek to deliver a new level of transparency and timeliness to Northern Trust client portfolios.”