Private Equity Admin Enhancements Announced

November 10, 2008 (PLANSPONSOR.com) - The Bank of New York Mellon has unveiled enhanced administration services for private equity funds.

According to a press release, the organization’s Alternative Investment Services (AIS) business’s enhanced private equity servicing platform combines new technology and outsourcing services to support the specific administrative needs of private equity investment companies.

The newly integrated services support a range of private equity investments, including buyouts, venture capital, mezzanine financing, real estate, and hybrid hedge fund deals.

An advanced technology platform will deliver reporting capabilities through a secure Web-based portal, from fund setup to capital calls/distributions and portfolio monitoring, including account balances and performance.

Private equity fund administration is a dedicated service offering within The Bank of New York Mellon and its affiliates, delivered by a team of professionals based in Ireland, the United Kingdom, United States, and Hong Kong.

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