Northern Trust has launched a portfolio reporting and monitoring solution for private equity fund of funds managers, which enables them to track their fund of funds holdings and valuations right through to portfolio company level.
“Detailed tracking of underlying investments by a private equity fund of funds manager can be a very time consuming, specialised and resource hungry middle office operation,” says Mark Schoen, head of global product and strategy for Europe, Middle East and Africa. “Through Northern Trust’s fund and investment tracking solution, we can provide our clients with a high level of granularity and reporting that effectively ‘looks through’ the underlying funds to the ultimate investments.”
The solution includes the following updates:
• Recording of transactions at the underlying investment company level
• Valuation processing at the underlying investment level, adjusted real-time by cash-flows
• Portfolio reporting which can include diversification by geography, industry, vintage year, or as required
• Summary investment reports
• Specific underlying investment reports such as unique investment exposure across all funds
• Benchmarking performance against a range of indices
Conversus Asset Management uses Northern Trust’s portfolio reporting and monitoring solution:
“By tracking the underlying cash flows in detail, Northern Trust enables us to produce more sophisticated and granular portfolio analytics,” says Roy Moyer managing director at Conversus Asset Management. “Northern Trust’s solution enables us to receive more timely and accurate investment reporting and valuations.”
