Northern Trust has enhanced the depth and range of alternative asset data it can provide to asset owner clients through a collaboration with Accelex, a data acquisition, analytics and reporting provider focused on the alternative investment space. The new capability for unstructured data complements other artificial intelligence-powered data extraction capabilities that Northern Trust has developed in house for its alternative asset servicing business and for clients of Northern Trust’s Front Office Solutions platform.

Limited partners in private equity and other alternative investments are pushing for greater insights from the mountain of unstructured data they receive from investment managers. Increasingly, LPs seek data beyond basic performance and exposure metrics to analyze their investments. Leveraging Accelex technology, Northern Trust can provide asset owners with a broader, more timely range of insights as the solution expands data granularity and automates the extraction process to provide cleaner inputs to the Northern Trust Front Office Solutions system.

“Northern Trust continues on our multi-year initiative to digitize the servicing of alternative assets,” said Melanie Pickett, head of Front Office Solutions at Northern Trust. “By leveraging Accelex’s scalable technology to complement our top-notch service teams, we will provide our asset allocator clients with an increasing ability to ingest, curate, and use unstructured data to lead them to insights and improve their investment decision-making.”

“We are thrilled to collaborate with Northern Trust, enabling them to deliver compelling alternative investment transparency for asset owners worldwide,” said Michael Aldridge, president of Accelex. “Our data science-led solution automates the often-manual process of extracting data from large volumes of complex fund investment documents. Accelex seamlessly surfaces data at both the fund and underlying asset level, allowing Northern Trust to offer critical look-through insights to their clients.”

Source: Northern Trust