Hamilton Lane Teams With Ipreo For Private Markets Joint Venture

Jun 8 2017 | 9:47pm ET

Fresh of the close of its new $1.9 billion private equity secondaries fund, Hamilton Lane has partnered with financial services data and technology firm Ipreo to launch a new platform aimed at addressing the considerable data challenges that exist between general partners and limited partners, and scaling, automating and normalizing the information flow between the two. 

The joint venture, named Private Market Connect LLC, is ultimately aimed at achieving straight-through processing, the companies said in a statement. It represents the latest evolution in an existing strategic partnership that dates from 2012. 

As a separate entity, Private Market Connect will provide end-to-end support of a representative community of market participants and create the next generation of straight-through processing within the industry, the statement added. It integrates Ipreo's iLEVEL technology with Hamilton Lane's premiere LP data management services to automate and normalize the collection of fund and underlying portfolio company data from GPs. This unique combination aims to provide institutional investors with accurate transparency into the lifecycle of their investments.

"We are excited to expand upon our strategic partnership with Ipreo in an effort to further scale our best-in-class portfolio administration service offerings for LPs," said Erik Hirsch, vice chairman at Hamilton Lane. "In partnership with Ipreo, we are transforming the private capital markets to create a more well-connected ecosystem with technology as the backbone and with the ultimate objective of driving greater transparency and efficiency in our asset class."

Hamilton Lane's experience in private market data aggregation dates back to the firm's inception in 1991, the company said. The company has developed a unique data control environment to assist clients with data management and compliance, and has amassed one of the largest and most robust private markets databases in the industry. Meanwhile, Ipreo's iLEVEL platform supports more than 450 clients today, including seven of the top 10 private equity firms, five of the top 10 venture capital firms worldwide, and many of the world's largest limited partners.

"Developing Private Market Connect with Hamilton Lane is an exciting and transformational milestone – both for our businesses and for the evolution of the private markets as a whole," said Kevin Black, EVP and head of Ipreo Private Capital Markets. "The need for simple, technology-enabled, straight-through processing of data in the private markets has been intensifying for many years. With Private Market Connect, we believe we have the right vehicle with the right capabilities to bring this much-needed solution to the market."

Ipreo is a leading global provider of financial services technology, data, and analytical services, supporting all participants in the capital-raising process including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers. 

Headquartered in Bala Cynwyd, PA, Hamilton Lane is an independent alternative investment management firm providing private markets solutions to investors worldwide. It has more than $332 billion in total assets under management and supervision deployed across a range of private market strategies.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...