Northern Trust Teams Up with Hamilton Lane to Enhance Private Market Data Services

Hamilton Lane

CHICAGO, IL and CONSHOHOCKEN, PA — Northern Trust (Nasdaq: NTRS) has announced a strategic collaboration with Hamilton Lane (Nasdaq: HLNE) to deliver enhanced private market analytics and data services to its Asset Servicing clients. This agreement will integrate Hamilton Lane’s proprietary software, Cobalt LP®, into Northern Trust’s Total Portfolio Analytics solutions, offering a comprehensive suite of technology and capabilities covering the entire investment lifecycle.

This partnership provides Northern Trust clients with access to Hamilton Lane’s extensive private market data and analytical tools. Cobalt LP® is a digital platform that offers advanced analytics and pre-commitment research capabilities, enabling clients to make informed investment decisions. Additionally, Northern Trust clients will gain the benefit of Hamilton Lane’s portfolio company data services, which track core metrics and fundamentals across various private market portfolios.

Melanie Pickett, Head of Asset Owners, Americas, and Global Total Portfolio Solutions at Northern Trust, highlighted the increasing demand for sophisticated analytics among global clients with significant private market exposure. She stated, “We are proud to offer a comprehensive decision-making solution featuring Hamilton Lane’s analytics along with our investment book of record (IBOR) support.”

Griffith Norville, Head of Technology Solutions at Hamilton Lane, emphasized the partnership’s potential to enhance decision-making for asset allocators. “Through this collaboration, we aim to provide a new level of transparency and timeliness to Northern Trust client portfolios,” Norville remarked.

This strategic move highlights Northern Trust’s efforts to equip its clients with robust tools and insights, reinforcing its position as a leader in asset servicing.

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