SimCorp and Colmore partner on data service

SimCorp and Colmore have partnered to deliver a holistic data service to the private markets.

The partnership integrates Colmore’s INSIGHT (data management) and FAIR (fees) services with SimCorp’s alternatives investment manager offering. 

Colmore’s INSIGHT covers more than 3,000 invested funds and 60,000 assets. It does this using the firm’s recently launched STRIDE, a proprietary machine learning solution that automates and enhances the collection, extraction and analysis of unstructured data, in this case, all portfolio information from the invested fund to the underlying assets. Data is delivered in real-time, providing investors with portfolio monitoring and analytics.

Colmore’s FAIR service uses a systematic validation service to tackle the complexity of tracking PE management and incentive fees. The solution was created as a response to the increasing concerns from LPs over their fiduciary duties to stakeholders, as a way to build confidence in the underlying fund charges.

Alex Tarantino, commercial director at Colmore, said: “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 optimise the asset management process with more control and clarity long into the future."