Emerald Technology Ventures adopts Broadridge’s blockchain-based private equity solution
01 November 2021 UK
Image: LuckyStep/stock.adobe.com
Broadridge has announced that Emerald Technology Ventures will utilise its Private Market Hub ecosystem to gain visibility and reduce transaction friction to interact in real-time on all Guernsey-domiciled funds.
The blockchain technology provides access to data and a view of the fund lifecycle, according to Broadridge. It provides connectivity to existing industry tools and technologies to help automate workflows between front, middle and back-office functions.
Additionally, the solution enables investment managers to manage, communicate and engage with investors and other stakeholders with efficiency and data transparency, streamlined through a distributed ledger technology.
Northern Trust has migrated four Emerald Technology Ventures funds to the Broadridge Private Market Hub, providing a single, transparent view into all funds and allowing for interaction in real-time. Emerald Technology Ventures funds can call and distribute funds directly through Private Market Hub and process the fund lifecycle through an automated workflow solution.
Commenting on the announcement, Hans Dellenbach, partner and chief financial officer at Emerald Technology Ventures, says: “We are pleased to have worked with Northern Trust and Broadridge on the development of Private Market Hub, using blockchain technology to deliver a full private equity ecosystem.
“Through the use of the Private Market Hub, we now can directly interact in real-time and have a full, 360-degree view of all of our Guernsey domiciled funds, giving us better oversight and flexibility moving forward.”
Brian Crowley, global head of product and product strategy at Broadridge, adds: “Investors have shown an increased interest in private assets over the past decade amid a search for returns, and Broadridge is creating technology-based solutions to create better operational structures and scalability.”
The blockchain technology provides access to data and a view of the fund lifecycle, according to Broadridge. It provides connectivity to existing industry tools and technologies to help automate workflows between front, middle and back-office functions.
Additionally, the solution enables investment managers to manage, communicate and engage with investors and other stakeholders with efficiency and data transparency, streamlined through a distributed ledger technology.
Northern Trust has migrated four Emerald Technology Ventures funds to the Broadridge Private Market Hub, providing a single, transparent view into all funds and allowing for interaction in real-time. Emerald Technology Ventures funds can call and distribute funds directly through Private Market Hub and process the fund lifecycle through an automated workflow solution.
Commenting on the announcement, Hans Dellenbach, partner and chief financial officer at Emerald Technology Ventures, says: “We are pleased to have worked with Northern Trust and Broadridge on the development of Private Market Hub, using blockchain technology to deliver a full private equity ecosystem.
“Through the use of the Private Market Hub, we now can directly interact in real-time and have a full, 360-degree view of all of our Guernsey domiciled funds, giving us better oversight and flexibility moving forward.”
Brian Crowley, global head of product and product strategy at Broadridge, adds: “Investors have shown an increased interest in private assets over the past decade amid a search for returns, and Broadridge is creating technology-based solutions to create better operational structures and scalability.”
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