BNY Mellon Provides Private Capital Benchmarking Service
Private iQ provides information and tools to help clients analyze the behavior and performance of private capital markets. Subscribers will be able to benchmark private equity managers, compare asset classes, and stay informed about macro-level changes in the investment environment.
According to the announcement, BNY Mellon’s plan sponsor clients will be able to access Private iQ directly from its Workbench information delivery portal, opening up a range of private equity data and analytics, including fund performance by vintage year (with returns, multiples and cash flow statistics), fund behavior over time, concentration analysis, and fund track record comparisons against specific universes. BNY Mellon also has developed a standard report with key information asset owners have been seeking, such as performance across asset type and vintage year.
“Plan sponsors look to service providers for help with their most pressing challenges, including assessing performance for private equity and other illiquid assets,” said John Gruber, managing director, global product strategy of BNY Mellon Asset Servicing’s Performance & Risk Analytics group, in the announcement. “With access to Private iQ or our new standard report, our clients will be able to address the critical need for better understanding of the private capital markets.”