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Sector
Technology
Size
Large Cap
Market Cap £3.69bn
Enterprise Value £3.68bn
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Position in Universe 162nd / 1831

SimCorp and Colmore partner to deliver holistic private markets asset management service

Mon 25th January, 2021 9:00am
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Jan 25, 2021

Press Release

SimCorp (http://bit.ly/2eLVIft), a leading provider of integrated,
front-to-back, multi-asset investment management solutions
(http://bit.ly/1Vv1QUw) and services to the world’s largest buy-side
institutions, today announces a new partnership with Colmore, a leading,
technology-driven private markets specialist, to deliver a holistic data
service for private markets asset management. Monitoring over $100 billion in
assets, Colmore has revolutionized private markets asset management, bringing
it into the 21(st) century, with the delivery of real-time portfolio
monitoring, standardized data management and greater transparency of private
equity fees. The complete service is now available within SimCorp’s
Alternative Investments Manager offer, empowering the buy side with
consolidated  private and public markets asset workflows and data management,
in one core multi-asset class investment management platform. 

The growth of private markets has rapidly been embraced by institutional
investment, but throughout its expansion, Limited Partners (LPs), such as
pension funds, asset managers and even insurance firms have consistently
struggled to understand their portfolios in real-time, let alone process the
vast volumes of unstandardized private markets data, or make sense of
quarterly PDFs that become altogether redundant in the midst of a market
event. Throughout heightened conditions in 2020 and with many firms
outsourcing parts of private markets asset management or running off siloed
best-of-breed systems, it has become increasingly challenging to get an
accurate, real-time view of private markets exposure, to reliably determine
overall portfolio risk and impact to the firm’s P/L.

To address these pain points and consolidate private markets asset management
into a firm’s core investment management platform, rather than a standalone
strategy, the partnership integrates Colmore’s INSIGHT (Data Management) and
FAIR (fee) services within SimCorp’s Alternatives Investments Manager offer.
This delivers clients one investment truth across both public and private
markets. Built by a team of former LPs with over 25 years of private equity
experience, Colmore’s services intuitively understand the rich
functionality, simplified workflows and business outcomes desired by LPs
investing in private markets.

Covering over 3,000 invested funds and 60,000 assets, Colmore’s INSIGHT
service is empowered by proprietary machine learning technology, called
STRIDE, together with deep team expertise to collect, validate and extract all
portfolio information, from the invested fund, to the underlying assets.
Delivered in real-time, it consistently provides investors with portfolio
monitoring and analytics, to inform on exactly where their positions and
holdings are. Colmore’s integrated data management service for private
markets adds further value to SimCorp clients already using SimCorp DataCare,
and delivers the buy-side market a complete public and private markets data
management service.

SimCorp will also integrate Colmore’s FAIR service, which tackles the
complexity of tracking private equity management and incentive fees, with a
systematic validation service. Colmore’s ongoing approach to tracking and
validating management fees, carried interest and expenses, addresses the
rising concern from LPs over their fiduciary duties to stakeholders. The
service creates a simpler, more cost-effective way to achieve greater
confidence in underlying fund charges.

Hugues Chabanis, Vice President, Innovation at SimCorp: We’re pleased to
introduce Colmore as an innovative and reliable partner in our fast-growing
open ecosystem. Colmore’s vision for delivering a complete service, aligns
with our own consolidated front-to-back approach and reinforces the
partnership further. When we launched the Alternatives Investments Manager
offer three years ago, our vision has always been that multi-asset portfolios,
including private markets assets, should be consolidated into a core
front-to-back investment management platform and not run in siloes. We are
confident that Colmore’s private markets services will complement the
capabilities of our Alternatives Investments Manager, market-leading IBOR
(Investment Book of Record) and DataCare offer, providing SimCorp clients a
consolidated offering that ultimately meets their private market needs and
delivers on their overall business outcomes.”

Alex Tarantino, Commercial Director at Colmore adds: The team at Colmore are
thrilled to partner with SimCorp, a pillar in the investment management
software industry. Like SimCorp, we’ve grown strong client partnerships on
the back of our unwavering focus on the technology and services we offer. We
are guided by the in-house private asset experience we’ve honed over 25
years and as former LPs, we know how important extracting and analyzing
private markets data is, to accurately understand portfolios. It is our belief
that combining the asset management process together with a strong data
management service designed for private markets, will not only address the
present day challenges LPs face, but also optimize the asset management
process with more control and clarity long into the future.”

Enquiries regarding this announcement should be addressed to:
Mittal Shah, Head of PR, SimCorp +44 (0) 207 397 8072 mittal.shah@simcorp.com

About SimCorp  
SimCorp provides integrated, best-in-class, multi-asset investment management
solutions (http://bit.ly/1Vv1QUw) to the world’s leading asset managers,
fund managers, asset servicers, pension and insurance funds, wealth managers,
central banks, sovereign wealth funds, and treasury. Deployed on premise or in
the cloud, SimCorp’s core solution, SimCorp Dimension(®), alongside SimCorp
Coric(®), SimCorp Gain(™), and SimCorp Sofia(™) form a powerful and
complete solution. Together with a range of managed services, they support the
entire investment life cycle, based on a market-leading IBOR
(http://bit.ly/20xajKh). SimCorp invests around 20% of its annual revenue in
R&D, helping clients develop their business and stay ahead of ever-changing
industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company,
with regional offices across Europe, North America, and Asia Pacific. For more
information, please visit www.simcorp.com

About Colmore

COLMORE is a leading, technology-driven private markets investor services
business focused on the Limited Partner and Allocator market. The business
operates from five offices located in New York and Dallas in the US, London
and Birmingham in the UK, and Zug in Switzerland. COLMORE employs more than
150 professionals and the business monitors over 3,000 private market funds,
60,000+ holdings and undertakes more than 70+ million daily calculations.
www.colmore.com
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