March 16, 2011

BNY Mellon Asset Servicing Brings Private Equity Reporting for Institutional Investors onto its Workbench™ Platform


Combined public and private investment reporting enhances total portfolio transparency; First custodian to offer integrated content from the Burgiss Group

BOSTON, March 16, 2011 — BNY Mellon, the global leader in investment services, has announced a new capability that integrates investment-level information on client private equity portfolios – sourced from the Burgiss Group – and makes it available via BNY Mellon Asset Servicing's Workbench™ portal.  The service will, for the first time, allow institutional clients with a Burgiss data subscription to access consolidated, detailed information on their public and private market investments in a single location.

According to data tracked by the BNY Mellon U.S. Master Trust Universe, for plans with more than $1 billion in assets, 95% have an allocation to private equity (PE).  The median PE allocation among all plan types was almost 10% of total assets, with Foundations and Endowments having the highest share at just under 30%.  As of Dec. 31, 2010, the market value of PE assets in the Trust Universe was $110 billion.

"Private equity represents a significant exposure for most institutional investors, and with our ability to bring their PE  data onto our Workbench portal, we can now help clients see their entire portfolio in a few clicks," said John Gruber, managing director, global product strategy of BNY Mellon Asset Servicing's Performance & Risk Analytics (P&RA) group.  "Historically, institutional investors have been challenged to combine their exposure to these private investments with publicly-traded portfolios.  This capability adds a new level of transparency, which is critical to our clients."

BNY Mellon is the first custodian to integrate content produced by Burgiss onto a custodial reporting platform.  Identified as a key need through BNY Mellon's client advisory board, the consolidated private equity information allows institutions to streamline their reporting process while gaining greater insight and transparency into performance and investment risks.  Without leaving the Workbench interface, clients can access holdings-level analysis of their limited partnerships and can view, analyze and report on holdings, sector and geographical exposures.

"Our long-standing partnership with BNY Mellon has always been about the customer.  Getting more of their data into Workbench is a big win for clients," said James Kocis, president of the Burgiss Group.

For more than a decade, BNY Mellon Asset Servicing has supported institutional clients' private equity analysis and reporting needs through its relationship with the Burgiss Group, including providing data management and accounting services as well as access to advanced private equity tools.  

The Burgiss Group, LLC, headquartered in Hoboken, New Jersey (USA), is a privately held data and technology company catering to limited partners, advisors and fund of funds in the private equity market. With over 300 clients worldwide, Burgiss provides solutions to manage investments through every stage of the private equity investment life cycle.  The Burgiss Group counts many of the world's largest investors in alternative assets among its customers, including pension funds, endowments, foundations, funds of funds, gatekeepers, consultants and family offices.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.  BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com.