BNP Paribas Securities Services has taken a stake in AssetMetrix, and will use its suite of data analytics to provide private capital clients with more in-depth information on their non-listed investments.
Founded in 2013 as a spin-off from the European fund-of-funds manager von Braun & Schreiber Private Equity Partners, AssetMetrix takes over the laborious task of portfolio building and administration to provide uses with a comprehensive dashboard from which to mange their holdings in private equity and debt.
The range of services available include portfolio monitoring with full look-through capabilities on investee companies, cash flow and performance forecast, risk analysis, stress testing, benchmarking, workflow and document management.
Laurent Durdilly, head of private capital solutions at BNP Paribas Securities Services, says: ”This marks a major milestone in the development of our offering to private capital clients, including direct fund managers, asset owners and private equity funds of funds, who need specialist tools to monitor their non-listed investments. With this partnership, we will be able to offer our clients powerful analytics and reporting for their investors via a dedicated and interactive web portal for real-time monitoring and live scenario analysis.”
The value of the investment was not disclosed.