New York, NY (PRWEB) November 01, 2011
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 at 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.”
About NYPPEX Private Markets
Established in 1998, NYPPEX is one of the world’s leading secondary private market intermediaries. NYPPEX provides a wide variety of liquidity solutions for interests in private investment funds, securities in private companies and their respective derivative instruments. Its core services are Block Trading, Advisory, Transfer Administration and Market Data. Over 685 organizations worldwide use NYPPEX Private Market Data. Since 2004, the NYPPEX Qualified Matching Service has been recognized by the IRS through a private letter ruling under Internal Revenue Code §1.7704. The NYPPEX IPL Private Trading System platform is utilized by numerous global banks, institutional investors, advisors and wealthy private clients. Member FINRA and SIPC. http://www.nyppex.com.
About SunGard's Investran
SunGard's Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. Investran helps improve business efficiencies to facilitate collaboration, support deal flow and automate accounting. Firms rely on Investran’s integrated capabilities to help meet their needs in the entire investment life-cycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management. For more information, please visit http://www.sungard.com/investran/learnmore.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
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