BNY Mellon has launched Private iQ by the Burgiss Group, a private capital benchmarking service available to its institutional clients.
Private iQ provides information and tools to help clients analyze the behavior and performance of private capital markets. Subscribers will be able to benchmark private equity managers, compare asset classes, and stay informed about macro-level changes in the investment environment.
BNY Mellon’s plan sponsor clients will be able to access Private iQ directly from its Workbench information delivery portal.
“Plan sponsors look to service providers for help with their most pressing challenges, including assessing performance for private equity and other illiquid assets,” says John Gruber, managing director, global product strategy of BNY Mellon Asset Servicing’s Performance & Risk Analytics group. “With access to Private iQ or our new standard report, our clients will be able to address the critical need for better understanding of the private capital markets.”