Press release
Northern Trust and Hamilton Lane Announce Strategic Collaboration to Provide Advanced Private Market Analytics and Decision Support
Hamilton Lane’s market leading analytics and data will be available to help Northern Trust Asset Servicing clients gain insight into their private market
About this update from Northern Trust Corporation
[{"type":"text","content":"\nHamilton Lane’s market leading analytics and data will be available to help Northern Trust Asset Servicing clients gain insight into their private market investments\n\n CHICAGO & CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) announced today that it has entered into a strategic agreement with Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, to provide its proprietary software Cobalt LP ® and integrated services to Northern Trust Asset Servicing clients.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015608800/en/\nUnder 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, an ecosystem that comprises integrated technology and capabilities across the entire investment lifecycle.\n\nHamilton 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.\n\n“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, Americas and Global Total Portfolio Solutions at Northern Trust. “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.”\n\nHamilton Lane’s Cobalt LP ® platform includes a suite of tools and services expertly designed to meet the strategic objectives and complex investment goals of private market investors.\n\n“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. “Throu...