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Northern Trust and Hamilton Lane Announce Strategic Collaboration to Provide Advanced Private Market Analytics and Decision Support

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Northern Trust (Nasdaq: NTRS) has announced a strategic agreement with Hamilton Lane (Nasdaq: HLNE) to provide Hamilton Lane's proprietary software Cobalt LP® and integrated services to Northern Trust Asset Servicing clients. This collaboration aims to offer advanced private market analytics and decision support to Northern Trust clients.

The agreement includes access to Hamilton Lane's private market data, analytics, and tools through Northern Trust's Total Portfolio Analytics solutions. Clients will benefit from Cobalt LP®'s advanced analytics and pre-commitment research capabilities, as well as Hamilton Lane's portfolio company data service for tracking core metrics across private markets portfolios.

This partnership addresses the increasing need for sophisticated analytics as global clients maintain significant exposure to private markets. It combines Hamilton Lane's front office analytics with Northern Trust's core Front Office Solutions investment book of record (IBOR) support, offering a comprehensive front-to-back office decision-making solution.

Northern Trust (Nasdaq: NTRS) ha annunciato un accordo strategico con Hamilton Lane (Nasdaq: HLNE) per fornire il software proprietario Cobalt LP® e i servizi integrati di Hamilton Lane ai clienti del servizio di asset management di Northern Trust. Questa collaborazione mira a offrire analisi avanzate del mercato privato e supporto decisionale ai clienti di Northern Trust.

L'accordo prevede l'accesso ai dati di mercato privato, analisi e strumenti di Hamilton Lane attraverso le soluzioni di Total Portfolio Analytics di Northern Trust. I clienti trarranno vantaggio dalle analisi avanzate e dalle capacità di ricerca pre-impegno di Cobalt LP®, oltre al servizio di dati sulle aziende del portafoglio di Hamilton Lane per monitorare le metriche fondamentali nei portafogli dei mercati privati.

Questa partnership risponde alla crescente necessità di analisi sofisticate mentre i clienti globali mantengono un'esposizione significativa ai mercati privati. Combina le analisi di front office di Hamilton Lane con il supporto per l'investment book of record (IBOR) delle Front Office Solutions di Northern Trust, offrendo una soluzione decisionale completa dal front office al back office.

Northern Trust (Nasdaq: NTRS) ha anunciado un acuerdo estratégico con Hamilton Lane (Nasdaq: HLNE) para proporcionar el software propietario Cobalt LP® y los servicios integrados de Hamilton Lane a los clientes de Northern Trust Asset Servicing. Esta colaboración tiene como objetivo ofrecer análisis avanzados del mercado privado y apoyo a la toma de decisiones a los clientes de Northern Trust.

El acuerdo incluye el acceso a los datos de mercado privado, análisis y herramientas de Hamilton Lane a través de las soluciones de Total Portfolio Analytics de Northern Trust. Los clientes se beneficiarán de los análisis avanzados y las capacidades de investigación previa al compromiso de Cobalt LP®, así como del servicio de datos de empresas del portafolio de Hamilton Lane para rastrear métricas clave en los portafolios de mercados privados.

Esta asociación aborda la creciente necesidad de análisis sofisticados a medida que los clientes globales mantienen una exposición significativa a los mercados privados. Combina los análisis del front office de Hamilton Lane con el soporte de registro de inversiones (IBOR) de las soluciones de Front Office de Northern Trust, ofreciendo una solución integral de toma de decisiones de front a back office.

노던 트러스트(Nasdaq: NTRS)는 해밀턴 레인(Nasdaq: HLNE)과 전략적 협약을 체결하고 해밀턴 레인의 독점 소프트웨어 Cobalt LP® 및 통합 서비스를 노던 트러스트 자산 관리 고객에게 제공한다고 발표했습니다. 이번 협력은 노던 트러스트 고객에게 고급 사모 시장 분석 및 의사 결정 지원을 제공하는 것을 목표로 하고 있습니다.

이 협정에는 노던 트러스트의 전체 포트폴리오 분석 솔루션을 통해 해밀턴 레인의 사모 시장 데이터, 분석 및 도구에 대한 접근이 포함됩니다. 고객들은 Cobalt LP®의 고급 분석 및 선행 연구 기능, 그리고 사모 시장 포트폴리오 전반에 걸쳐 핵심 지표를 추적하는 해밀턴 레인의 포트폴리오 기업 데이터 서비스의 혜택을 누리게 됩니다.

이번 파트너십은 글로벌 고객들이 사모 시장에 대해 상당한 노출을 유지함에 따라 정교한 분석에 대한 증가하는 필요성을 충족합니다. 해밀턴 레인의 프론트 오피스 분석과 노던 트러스트의 핵심 프론트 오피스 솔루션 투자 기록(IBOR) 지원을 결합하여 프론트에서 백 오피스로 이어지는 포괄적인 의사 결정 솔루션을 제공합니다.

Northern Trust (Nasdaq: NTRS) a annoncé un accord stratégique avec Hamilton Lane (Nasdaq: HLNE) pour fournir le logiciel propriétaire Cobalt LP® et les services intégrés de Hamilton Lane aux clients de Northern Trust Asset Servicing. Cette collaboration a pour but d'offrir des analyses avancées des marchés privés et un support à la décision aux clients de Northern Trust.

L'accord inclut l'accès aux données, analyses et outils du marché privé de Hamilton Lane via les solutions de Total Portfolio Analytics de Northern Trust. Les clients bénéficieront des analyses avancées et des capacités de recherche pré-engagement de Cobalt LP®, ainsi que du service de données sur les entreprises du portefeuille de Hamilton Lane pour suivre les indicateurs clés à travers les portefeuilles de marchés privés.

Ce partenariat répond à la demande croissante d'analyses sophistiquées alors que les clients mondiaux maintiennent une exposition significative aux marchés privés. Il combine les analyses de front office de Hamilton Lane avec le soutien pour le livre d'enregistrement des investissements (IBOR) des solutions Front Office de Northern Trust, offrant une solution décisionnelle complète du front office au back office.

Northern Trust (Nasdaq: NTRS) hat eine strategische Vereinbarung mit Hamilton Lane (Nasdaq: HLNE) bekannt gegeben, um die proprietäre Software Cobalt LP® und integrierte Dienstleistungen von Hamilton Lane den Kunden von Northern Trust Asset Servicing anzubieten. Diese Zusammenarbeit zielt darauf ab, den Kunden von Northern Trust fortgeschrittene Analysen des privaten Marktes und Entscheidungsunterstützung zu bieten.

Die Vereinbarung umfasst den Zugang zu Hamilton Lanes Daten, Analysen und Tools für den privaten Markt über die Total Portfolio Analytics-Lösungen von Northern Trust. Die Kunden werden von den fortgeschrittenen Analysen und Forschungsfähigkeiten von Cobalt LP® sowie von Hamilton Lanes Datenservice für Portfoliounternehmen profitieren, um wichtige Kennzahlen in privaten Märkten zu verfolgen.

Diese Partnerschaft reagiert auf die zunehmende Notwendigkeit für anspruchsvolle Analysen, da globale Kunden eine bedeutende Exposition gegenüber privaten Märkten aufrechterhalten. Sie kombiniert Hamilton Lanes Front-Office-Analysen mit der Unterstützung für die Investmentbuchführung (IBOR) der Front Office Solutions von Northern Trust und bietet eine umfassende Entscheidungslösung von Front- zu Back-Office.

Positive
  • Strategic agreement to provide advanced private market analytics to Northern Trust clients
  • Access to Hamilton Lane's Cobalt LP® software and integrated services
  • Enhanced decision support for private market investments
  • Comprehensive front-to-back office solution combining analytics and IBOR support
Negative
  • None.

Insights

This strategic collaboration between Northern Trust and Hamilton Lane is a significant development in the private markets investment space. By integrating Hamilton Lane's Cobalt LP® platform and data services into Northern Trust's Total Portfolio Analytics solutions, clients gain access to advanced private market analytics and decision support tools.

The partnership addresses a growing need among institutional investors for sophisticated analytics in private markets, which have become increasingly important in diversified portfolios. This move could potentially:

  • Enhance Northern Trust's competitive position in asset servicing
  • Increase client retention and attraction for both firms
  • Drive additional revenue streams through value-added services

For Hamilton Lane, this collaboration expands the reach of their technology solutions, potentially leading to increased adoption of their Cobalt LP® platform. While the immediate financial impact may be , the long-term strategic value could be substantial as it positions both companies to better serve the evolving needs of institutional investors in private markets.

This partnership reflects broader trends in the asset management industry:

  • Increasing allocation to private markets by institutional investors
  • Growing demand for integrated, data-driven investment solutions
  • Convergence of traditional and alternative asset classes in portfolio management

The collaboration leverages Northern Trust's strong position in asset servicing and Hamilton Lane's expertise in private markets, creating a synergistic offering. This could potentially reshape competitive dynamics in the institutional investment services market, putting pressure on other players to enhance their private market capabilities.

While the immediate market reaction may be muted due to the long-term nature of the benefits, this move positions both companies favorably for future growth in the expanding private markets segment. Investors should monitor adoption rates among Northern Trust clients and any impact on client acquisition or retention metrics in upcoming quarterly reports.

Hamilton Lane’s market leading analytics and data will be available to help Northern Trust Asset Servicing clients gain insight into their private market investments

CHICAGO & CONSHOHOCKEN, Pa.--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today that it has entered into a strategic agreement with Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, to provide its proprietary software Cobalt LP ® and integrated services to Northern Trust Asset Servicing clients.

Under the agreement, Northern Trust will offer clients access to Hamilton Lane’s private market data, analytics, and tools through its suite of Northern Trust Total Portfolio Analytics solutions, an ecosystem that comprises integrated technology and capabilities across the entire investment lifecycle.

Hamilton Lane’s tech-enabled solutions available to asset servicing clients will include Cobalt LP ®, which provides advanced private market analytics and pre-commitment research capabilities in a digital, turn-key format. In addition, Northern Trust clients will be able to leverage Hamilton Lane’s underlying portfolio company data service which includes the tracking of core portfolio company metrics, company fundamentals and asset class specific metrics across clients’ private markets portfolios.

“As our global clients maintain significant exposure to private markets, their need for sophisticated analytics continues to increase,” said Melanie Pickett, Head of Asset Owners, Americas and Global Total Portfolio Solutions at Northern Trust. “We are proud to offer a full front-to-back office decision-making solution featuring Hamilton Lane’s front office analytics combined with our core Front Office Solutions investment book of record (IBOR) support.”

Hamilton Lane’s Cobalt LP ® platform includes a suite of tools and services expertly designed to meet the strategic objectives and complex investment goals of private market investors.

“At Hamilton Lane, our Cobalt LP ® platform and integrated services are designed to help asset allocators make informed decisions with greater confidence, precision and insight,” said Griffith Norville, Head of Technology Solutions at Hamilton Lane. “Through this exciting collaboration, we seek to deliver a new level of transparency and timeliness to Northern Trust client portfolios."

Northern Trust has had an unwavering and longstanding commitment to the asset owner space for many decades. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may then serve their constituents, their communities and the world.

About Hamilton Lane

Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 700 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $940 billion in assets under management and supervision, composed of nearly $130 billion in discretionary assets and more than $810 billion in non-discretionary assets, as of June 30, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2024, Northern Trust had assets under custody/administration of US$16.6 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Media Contacts

Europe, Middle East, Africa & Asia-Pacific:

Camilla Greene

+44 (0) 20 7982 2176

Camilla_Greene@ntrs.com

Simon Ansell

+ 44 (0) 20 7982 1016

Simon_Ansell@ntrs.com

US & Canada:

John O’Connell

+1 312 444 2388

John_O’Connell@ntrs.com

Tia Wilson

twilson@hamiltonlane.com

+1 484 816 6982

Source: Northern Trust and Hamilton Lane

FAQ

What is the purpose of the collaboration between Northern Trust and Hamilton Lane?

The collaboration aims to provide Northern Trust Asset Servicing clients with advanced private market analytics and decision support through Hamilton Lane's Cobalt LP® software and integrated services.

What specific tools will be available to Northern Trust clients through this agreement?

Northern Trust clients will have access to Hamilton Lane's Cobalt LP® platform, which offers advanced private market analytics, pre-commitment research capabilities, and portfolio company data services for tracking metrics across private markets portfolios.

How does this collaboration benefit Northern Trust's global clients?

The collaboration addresses the increasing need for sophisticated analytics as clients maintain significant exposure to private markets, offering a comprehensive front-to-back office decision-making solution that combines Hamilton Lane's front office analytics with Northern Trust's IBOR support.

What is the stock symbol for Hamilton Lane mentioned in the press release?

The stock symbol for Hamilton Lane mentioned in the press release is HLNE (Nasdaq: HLNE).

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