Northern Trust has entered into a strategic agreement with Hamilton Lane, a global private markets investment management firm, to provide its proprietary software Cobalt LP and integrated services to Northern Trust Asset Servicing clients.
Under the agreement, 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, a system 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 use 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.
Melanie Pickett, head of asset owners, Americas and global total portfolio solutions at Northern Trust, said. “As our global clients maintain significant exposure to private markets, their need for sophisticated analytics continues to increase.”
“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,” added Griffith Norville, head of technology solutions at Hamilton Lane.”
