The Bank of New York Mellon has unveiled a new suite of alternative investment administration services for plan sponsors and non-profit organizations.

The new services include data administration, reconciliation, document management, performance measurement and integrated reporting and analysis.

“With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labor-intensive asset class,” Eve Kingsley, first vice president and product manager for BNY Mellon, said.