Northern Trust Unveils Portfolio Reporting & Monitoring Solution For PE Funds of Funds

Northern Trust launched a portfolio reporting and monitoring solution for private equity fund-of-funds managers. The tools will allow its users to track fund of funds holdings and valuations in detail.

PRESS RELEASE

Northern Trust /quotes/comstock/15*!ntrs/quotes/nls/ntrs (NTRS 48.10, +0.13, +0.27%) has launched a portfolio reporting and monitoring solution for private equity fund-of-funds managers which enables them to track in detail 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,” said 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 enhanced 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 LLC, an independent investment manager which implements permanent capital vehicle Conversus Capital’s investment policies. Conversus 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,” said Roy Moyer managing director at Conversus Asset Management. “Northern Trust’s solution enables us to receive more timely and accurate investment reporting and valuations.”

“Northern Trust developed this offering in line with our continuing focus on tailored solutions for clients,” said Peter Cherecwich, Chief Operating Officer for Corporate and Institutional Services at Northern Trust. “As a means to diversify risk and improve performance, investment managers often select fund-of-funds investments. Through our sophisticated reporting solutions, clients are better equipped to make informed investment decisions, which take into account all aspects of their investments.”

Northern Trust has more than 25 years of experience servicing private equity funds across the globe and has one of the largest specialist private equity administration teams in the market. As of January 1, 2010, Northern Trust provided private equity fund administration services to over 60 different client groups, covering 113 funds.

About Northern Trust Northern Trust Corporation /quotes/comstock/15*!ntrs/quotes/nls/ntrs (NTRS 48.10, +0.13, +0.27%) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2010, Northern Trust had US $3.6 trillion in assets under custody, and US$603 billion in assets under investment management. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

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Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator. Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation. The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission. The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.

SOURCE: Northern Trust