Ipreo and Hamilton Lane have launched Private Market Connect, a joint venture developed to help solve the existing data challenges faced by Limited Partners and address the information inefficiencies that exist throughout the private markets globally.
Private Market Connect will focus on scaling, automating and normalising the information flow between General Partners (GPs) and Limited Partners (LPs) – ultimately resulting in straight-through processing.
This venture represents the latest evolution in an existing strategic partnership forged between the firms in 2012. Both Ipreo and Hamilton Lane continue to build upon their original shared goal of advancing industry cooperation and addressing the considerable data challenges that exist between GPs and LPs.
Combining market expertise and insight, along with industry-leading technology, Private Market Connect was formed as a separate entity to provide end-to-end support of a representative community of market participants that will create the next generation of straight-through processing within the industry. Private Market Connect integrates Ipreo’s iLEVEL technology with Hamilton Lane’s premiere LP data management services to automate and normalise the collection of fund and underlying portfolio company data from GPs. This unique combination aims to provide institutional investors with accurate transparency into the lifecycle of their investments.
Hamilton Lane has long been committed to investing in its internal resources and infrastructure as a means of enhancing portfolio monitoring on behalf of its clients. Likewise, iLEVEL has continually demonstrated its ability to support the ongoing development and implementation of cutting-edge communication and monitoring technologies for the private markets. As a result of this venture, Hamilton Lane’s current and future clients will continue to benefit from the firm’s premiere Reporting and Analytics Solutions, which will include the full power of Private Market Connect; in addition, iLEVEL will now offer its clients data management services provided by Private Market Connect.
“We are excited to expand upon our strategic partnership with Ipreo in an effort to further scale our best-in-class portfolio administration service offerings for LPs,” says Erik Hirsch (pictured), Vice Chairman at Hamilton Lane. “In partnership with Ipreo, we are transforming the private capital markets to create a more well-connected ecosystem with technology as the backbone and with the ultimate objective of driving greater transparency and efficiency in our asset class.”
Hamilton Lane’s experience in private market data aggregation dates back to the firm’s inception in 1991. Over the years, Hamilton Lane has developed a unique data control environment to assist its clients in data management, while seeking to ensure compliance with the highest standards of data controls and quality. Hamilton Lane has also amassed one of the largest and most robust private markets databases in the industry, tracking 4,400 unique funds and USD3 trillion in private markets commitments managed by more than 1,200 GPs with vintage years dating back to 1974. Ipreo’s iLEVEL platform supports more than 450 clients today, including seven of the top 10 private equity firms1, five of the top 10 venture capital firms worldwide2, and many of the world’s largest limited partners.
“Developing Private Market Connect with Hamilton Lane is an exciting and transformational milestone – both for our businesses and for the evolution of the private markets as a whole,” says Kevin Black, EVP and Head of Ipreo Private Capital Markets. “The need for simple, technology-enabled, straight-through processing of data in the private markets has been intensifying for many years. With Private Market Connect, we believe we have the right vehicle with the right capabilities to bring this much-needed solution to the market.”
