Custodian Northern Trust and global private markets investment management firm Hamilton Lane are collaborating to provide Northern Trust Asset Servicing clients a new link to private market analytics and decision support services. Officials say that the collaboration offers a front-to-back office decision-making solution that combines Hamilton Lane’s analytics with Northern Trust’s investment book of record… Read More >>
Bain Capital Buys Envestnet for $4.5 Billion
Private equity giant Bain Capital is acquiring Envestnet, Inc., a provider of integrated technology, intelligent data, and wealth solutions, via a transaction valuing Envestnet at $4.5 billion ($63.15 per share), officials say. The transaction will take Envestnet private. The Envestnet platform is used by wealth management firms, registered investment advisors (RIAs), and broker-dealers. The buyout… Read More >>
Northern Trust Transforms PE Clauses into Smart Contracts
Northern Trust reports that it has added to its private equity services by enabling private equity participants to negotiate, review and digitally sign legal agreements via an administrative blockchain. Officials say that Northern Trust and its partners have developed a way to deploy legal clauses as smart contracts in a direct way from a digital… Read More >>
