SimCorp is set to deliver a holistic data service for private markets asset management in collaboration with Colmore, a technology-driven private markets specialist.
Colmore has brought real-time portfolio monitoring, standardised data management and greater transparency of private equity fees to private markets asset management.
The service is now available within SimCorp’s Alternative Investments Manager offer, which gives the buy side consolidated private and public markets asset workflows and data management, in one core multi-asset class investment management platform.
Throughout volatility in 2020 it became increasingly challenging to get an accurate, real-time view of private markets exposure, to reliably determine overall portfolio risk and impact to the firm’s profits and losses.
To address these pain points and consolidate private markets asset management into a firm’s core investment management platform, the partnership integrates Colmore’s INSIGHT (Data Management) and FAIR (fee) services within SimCorp’s Alternatives Investments Manager offer.
SimCorp will also integrate Colmore’s FAIR service, which helps with tracking private equity management and incentive fees, with a validation service.
Hugues Chabanis, vice president, innovation at SimCorp, says: “When we launched the Alternatives Investments Manager offer three years ago, our vision has always been that multi-asset portfolios, including private markets assets, should be consolidated into a core front-to-back investment management platform and not run in siloes.”
“We are confident that Colmore’s private markets services will complement the capabilities of our Alternatives Investments Manager, market-leading Investment Book of Record and DataCare offer, providing SimCorp clients a consolidated offering that ultimately meets their private market needs and delivers on their overall business outcomes,” says Chabanis.
Alex Tarantino, commercial director at Colmore, comments: “The team at Colmore are thrilled to partner with SimCorp, a pillar in the investment management software industry. Like SimCorp, we’ve grown strong client partnerships on the back of our unwavering focus on the technology and services we offer. We are guided by the in-house private asset experience we’ve honed over 25 years and as former LPs, we know how important extracting and analysing private markets data is, to accurately understand portfolios.”
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