Northern Trust has entered into a strategic agreement with Hamilton Lane, a global private markets investment management firm, to provide proprietary Cobalt LP software and comprehensive services to Northern Trust Asset Servicing clients.

Under the agreement, Northern Trust will offer clients access to Hamilton Lane’s proprietary market data, analytics and tools through its Northern Trust Total Portfolio Analytics suite of solutions, a system that includes integrated technology and capabilities across the entire investment lifecycle.

Hamilton Lane’s technology solutions available to asset servicing clients will include Cobalt LP, which provides advanced private market analytics and pre-commitment research capabilities in a digital, turnkey format.

In addition, Northern Trust clients will be able to use Hamilton Lane’s core portfolio company data service, which includes tracking of portfolio company fundamentals, company fundamentals and the performance of specific asset classes in clients’ private markets portfolios.

Melanie Pickett is Head of Americas Asset Owners and Global Portfolio Solutions at Northern Trust. “As our global clients maintain significant exposure to private markets, their need for sophisticated analytics continues to grow.”

“At Hamilton Lane, our Cobalt LP platform and integrated services are designed to help asset allocators make informed decisions with greater confidence, accuracy and insight,” added Griffith Norville, head of technology solutions at Hamilton Lane.