State Street’s GX Private Equity Idx to be Redistributed through Fidelity National Information Services’ Data Exchange Po...
March 30 2017 - 12:00PM
Business Wire
Asset Management Clients to Benefit from Greater Ability to
Benchmark Private Equity Performance
State Street Corporation (NYSE:STT) today announced that it will
work with Fidelity National Information Services (FIS) to
distribute its GX Private Equity Index (PEI), a benchmark for
comparative analysis of private equity performance, to nearly 300
global asset management clients, including private equity managers,
investors and third-party administrators. The PEI will be
integrated into FIS’s Data Exchange portal (DX), a platform for
sharing documents and data via advanced data visualizations,
analytics and dynamic and interactive reporting.
“State Street’s GX Private Equity Index is a high-quality,
industry-recognized source of private equity data,” said Sami Juma,
chief operating officer, Private Equity Business for Fidelity
National. “We believe this benchmark will offer our clients
increased transparency into the private equity landscape through
which they can dynamically compare portfolio performance and make
even more informed investment decisions. We continue to create a
more fully-integrated and improved experience for our clients, and
the addition of the PEI furthers that agenda.”
The PEI is based on directly-sourced limited partnership data,
in some cases dating back to 1980. It represents more than $2.4
trillion in private equity investments, with more than 2,600 unique
private equity partnerships, as of June 30, 2016.
“We are thrilled to partner with FIS to offer the PEI to their
asset management clients,” said John Plansky, global head of State
Street Global Exchange. “With the PEI, we believe FIS’s clients
will benefit from the ability to create custom benchmarks, so they
aren’t measuring performance against a sample that is not
representative of their unique portfolio allocations. As private
market investing becomes increasingly prevalent, we further believe
investors need tools like these to help them avoid risk and
successfully generate alpha.”
For additional insights, or to learn more about the GX Private
Equity Index please visit http://www.ssgx.com/peindex.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $29 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of December 31, 2016, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management were $2.47 trillion as of December 31,
2016. AUM reflects approximately $30.62 billion (as of December 31,
2016) with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
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State Street CorporationJulie Kane, +1
617-664-3001JEKane@statestreet.com@StateStreet
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