Northern Trust Partners with Hamilton Lane to Enhance Asset Servicing Capabilities

Strategic Insights -

Northern Trust, a leading provider of wealth management, asset servicing, and banking services, has partnered with Hamilton Lane, a prominent private markets investment management firm, to offer its clients advanced private market data, analytics, and tools. The strategic agreement provides access to Hamilton Lane's proprietary software, Cobalt LP, and integrated services through Northern Trust's Total Portfolio Analytics solutions. This collaboration aims to empower asset owners to maximize investment returns and serve their constituents and communities.

Key Takeaways:

  • Northern Trust has entered into a strategic agreement with Hamilton Lane to provide its clients with access to private market data, analytics, and tools through its Total Portfolio Analytics solutions.
  • The partnership will offer Northern Trust clients access to Hamilton Lane's technology-enabled solutions, including Cobalt LP, which provides advanced private market analytics and pre-commitment research capabilities.
  • Hamilton Lane's Cobalt LP platform includes a suite of tools and services designed to meet the strategic objectives and complex investment goals of private market investors.
  • Northern Trust has a longstanding commitment to the asset owner space, aiming to empower clients to maximize investment returns and serve their constituents and communities.
  • Hamilton Lane has more than USD 940 billion in assets under management and supervision, composed of nearly USD 130 billion in discretionary assets and over USD 810 billion in non-discretionary assets, as of June 30, 2024.
  • Northern Trust has a global presence with offices in 24 US states and Washington, DC, and across 22 locations in Canada, Europe, the Middle East, and the Asia-Pacific region.

Statistics:

  • USD 940 billion: Hamilton Lane's total assets under management and supervision, as of June 30, 2024.
  • USD 130 billion: Hamilton Lane's discretionary assets under management and supervision, as of June 30, 2024.
  • USD 810 billion: Hamilton Lane's non-discretionary assets under management and supervision, as of June 30, 2024.
  • USD 16.6 trillion: Northern Trust's assets under custody/administration, as of June 30, 2024.
  • USD 1.5 trillion: Northern Trust's assets under management, as of June 30, 2024.

Sources:

  • "Chicago, US-based wealth management, asset servicing, asset management and banking firm Northern Trust (NASDAQ: NTRS) has entered into a strategic agreement with private markets investment management firm Hamilton Lane (NASDAQ: HLNE)..." - (C)2024 M2 COMMUNICATIONS http://www.m2.co.uk
  • Northern Trust Corp. (NASDAQ: NTRS) is a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
  • Hamilton Lane (NASDAQ: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world.