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Hamilton Lane
(NASDAQ: HLNE), a global private markets investment management
firm, has selected our Enterprise
Data Management (EDM) solution. Hamilton Lane will use EDM to
link, match, cleanse and apply rules and hierarchies across the
firm's critical private asset data set. EDM is the latest addition
to Hamilton Lane's IHS Markit product portfolio that includes our
portfolio monitoring software, our private equity valuations
service and our loan portfolio administration solution.
One of the challenges facing GPs and LPs today is mastering all
of the data they collect in disparate systems on increasingly
complex and diversified investment portfolios. There are many data
sources and underlying attributes to integrate in order to manage
entity and fund structures and, given the broad range of legal and
ownership hierarchies, accurately capturing and aggregating
investments across all these entities is a pain-point for many
firms. In addition, firms need to maintain both a current snapshot
of their portfolio data at an entity- and fund-level, along with an
auditable history of any changes to that data. The natural
complexity of this task is magnified when the underlying data
originates from different systems which may not capture consistent
views.
Hamilton Lane had been assessing how best to manage these
challenges internally, and opted to implement EDM, which will
enable them to manage and centralize data across several internal
systems. The EDM team will manage the application on Hamilton
Lane's behalf via our cloud-based managed services offering, run on
Amazon Web Services (AWS), which will free up the firm's team to
focus on value-add activities.
"This is the latest development in a long relationship between
our two firms," said Jim Noon, Principal on the Applications
Development team at Hamilton Lane. "We chose the EDM solution as it
will link and validate our disparate data sets and provide audit
and lineage, all within a cloud-based managed service offering. We
hope to see a significant reduction in manual processes and lower
operational risk."
"We're delighted to build on our relationship with Hamilton Lane
and support the firm's data strategy through our leading EDM
platform, which serves both the private and public markets," said
Jamie
Penniman, head of EDM at IHS Markit. "Many private asset firms
are facing similar data management complexities involved with
managing disparate data across increasingly complex investment
portfolios. With our 15-year track record in the financial services
industry, we're well-placed to help tackle these data challenges to
support more accurate business decisions and lower operational
risk."
Posted 04 March 2021 by Jamie Penniman, Senior Vice President, Head of Commercial Strategy, Software Solutions, S&P Global Market Intelligence
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
