October 15, 2015

Alternative Investment Services (AIS) adopts Yardi solutions for its real estate investment clients

Will enhance client service and delivery with a single platform for property and investment accounting

BNY Mellon’s Alternative Investment Services (AIS) business will use Yardi Voyager 7S, a mobile-enabled and tablet compatible platform, and Yardi Investment Management™ to provide property accounting and real estate private equity fund accounting services for its real estate investment clients around the world.

“As a complete vertical solution, Voyager gives us a robust platform for serving clients in their varied and widely dispersed investment and property accounting activities. The system’s scalability is also significant as we continue to grow our business worldwide,” said Alan Flanagan, global head of Private Equity & Real Estate Fund Services at BNY Mellon.

Comprehensive front office and back office solutions, full business intelligence, and mobility will be key factors in helping BNY Mellon’s AIS business provide greater transparency and control for its clients.

“Yardi looks forward to delivering a single platform capable of serving the fund, asset and property accounting requirements of one of the world’s largest and most prominent investment service organizations,” said Terri Dowen, senior vice president of sales for Yardi.

BNY Mellon is a leading administrator of alternative assets – including single manager hedge funds, funds of hedge funds, and private equity – with more than $760 billion of alternative assets under administration and/or custody and offices worldwide. BNY Mellon also offers a wide range of cash management, foreign exchange, collateral management, corporate trust, and wealth management services to the alternative investments industry.