Simcorp partners with Colmore to empower buy-side with private markets asset management service

By Pavithra R

SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the buy-side institutions, has announced a new partnership with Colmore, leading provider cutting-edge technology and services to private market investors, to deliver a holistic data service for private markets asset management.

Colmore has revolutionized private markets asset management through its real-time portfolio monitoring, standardized data management and greater transparency of private equity fees. Through the collaboration, these services are 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. 

“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,” said Hugues Chabanis, Vice President, Innovation at SimCorp.

Throughout heightened conditions in 2020, it has become increasingly challenging to gain an accurate, real-time view of private markets exposure, to determine overall portfolio risk and the impacts to the firm’s P/L reliably. To address these challenges and consolidate private markets asset management into a firm’s core investment management platform, the partnership integrates Colmore’s INSIGHT (Data Management) and FAIR (fee) services within SimCorp’s Alternatives Investments Manager offer. The integration will delivers clients one investment truth across both public and private markets.

“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,” said Alex Tarantino, Commercial Director at Colmore.