The service will allow institutional clients with a Burgiss data subscription to access consolidated, detailed information on their public and private market investments in a single location.
According to data tracked by the BNY Mellon US Master Trust Universe, for plans with more than $1bn in assets, 95% have an allocation to private equity (PE).
The median PE allocation among all plan types was almost 10% of total assets, with foundations and endowments having the highest share at just under 30%. As of 31 December 2010, the market value of PE assets in the Trust Universe was $110bn.
BNY Mellon said identified as a key need through it client advisory board, the consolidated private equity information allows institutions to streamline their reporting process while gaining better insight and transparency into performance and investment risks.
Without leaving the Workbench interface, clients can access holdings-level analysis of their limited partnerships and can view, analyze and report on holdings, sector and geographical exposures.
BNY Mellon Asset Servicing Performance & Risk Analytics (P&RA) group managing director, global product strategy John Gruber said that private equity represents a significant exposure for most institutional investors, and with the ability to bring their PE data onto the Workbench portal, BNY Mellon can now help clients see their entire portfolio in a few clicks.
Burgiss Group president James Kocis said that the long-standing partnership with BNY Mellon has always been about the customer. Getting more of their data into Workbench is a big win for clients.
For more than a decade, BNY Mellon Asset Servicing has supported institutional clients’ private equity analysis and reporting needs through its relationship with the Burgiss Group, including providing data management and accounting services as well as access to advanced private equity tools.
The Burgiss Group is a New Jersey-based privately held data and technology company catering to limited partners, advisors and fund of funds in the private equity market.
With more than 300 clients worldwide, Burgiss provides solutions to manage investments through every stage of the private equity investment life cycle.
