Hamilton Lane (NASDAQ: HLNE), a global private markets investment management firm, has selected our Enterprise Data Management (EDM) solution. Hamilton Lane will use EDM to link, match, cleanse and apply rules and hierarchies across the firm's critical private asset data set. EDM is the latest addition to Hamilton Lane's IHS Markit product portfolio that includes our portfolio monitoring software, our private equity valuations service and our loan portfolio administration solution.

One of the challenges facing GPs and LPs today is mastering all of the data they collect in disparate systems on increasingly complex and diversified investment portfolios. There are many data sources and underlying attributes to integrate in order to manage entity and fund structures and, given the broad range of legal and ownership hierarchies, accurately capturing and aggregating investments across all these entities is a pain-point for many firms. In addition, firms need to maintain both a current snapshot of their portfolio data at an entity- and fund-level, along with an auditable history of any changes to that data. The natural complexity of this task is magnified when the underlying data originates from different systems which may not capture consistent views.

Hamilton Lane had been assessing how best to manage these challenges internally, and opted to implement EDM, which will enable them to manage and centralize data across several internal systems. The EDM team will manage the application on Hamilton Lane's behalf via our cloud-based managed services offering, run on Amazon Web Services (AWS), which will free up the firm's team to focus on value-add activities.

"This is the latest development in a long relationship between our two firms," said Jim Noon, Principal on the Applications Development team at Hamilton Lane. "We chose the EDM solution as it will link and validate our disparate data sets and provide audit and lineage, all within a cloud-based managed service offering. We hope to see a significant reduction in manual processes and lower operational risk."

"We're delighted to build on our relationship with Hamilton Lane and support the firm's data strategy through our leading EDM platform, which serves both the private and public markets," said Jamie Penniman, head of EDM at IHS Markit. "Many private asset firms are facing similar data management complexities involved with managing disparate data across increasingly complex investment portfolios. With our 15-year track record in the financial services industry, we're well-placed to help tackle these data challenges to support more accurate business decisions and lower operational risk."

S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.