SunGard and NYPPEX team on secondary market data on private investment funds

Source: SunGard

SunGard will make secondary market price data on private equity, real estate and hedge funds available from its Investran platform through a collaboration with NYPPEX Private Markets.

The secondary market price data for private investment funds will be offered on a confidential basis to help customers better manage risk and meet regulatory compliance through improved private market transparency

SunGard's Investran is an award winning application suite that supports the entire investment lifecycle, from fundraising to portfolio monitoring and reporting, by automating front-, middle- and back-office processes and providing a real-time, end-to-end solution for private equity and alternative investment firms. NYPPEX Closing Prices for Private Funds is a leading source for secondary market price data for interests in over 18,735 private investment funds including private equity, real estate and hedge funds.

Laurence Allen, chief executive officer of NYPPEX, said, "NYPPEX Closing Prices will be made available through confidential reports on the Investran platform to fund administrators, qualified investors, consultants and private investment firms. These advanced fund reports will help high performance portfolio managers more rapidly evaluate portfolio rebalancing alternatives and develop policies to independently estimate fair values of alternative assets to meet various regulatory and financial reporting requirements including Topic 820. SunGard's Investran and NYPPEX will help provide a scalable solution for portfolio managers to better manage risk in today's regulatory environment."

Lauren Iaslovits, chief operating officer of SunGard's Investran business unit, said, "NYPPEX offers a unique value proposition for fund administrators, institutional investors, consultants and private investment firms that seek to evaluate secondary market price data from an independent third party having an established track record as a leading provider of secondary private market liquidity and price data. NYPPEX has global insights into proprietary secondary price data which SunGard's Investran will now make available on a confidential basis to its customers." 

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