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Nov 29, 2023 • Press Releases

DTCC'S Alternative Investment Product Services Surpasses 10,000 Unique Funds

Alternative Investment Product Services has processed over 500 million transactions since inception.

New York/London/Hong Kong/Singapore/Sydney, November 29, 2023 ‒ DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that its Alternative Investment Product Services (AIP) has reached a new milestone by surpassing over 10,000 unique funds on the service, an increase of 20% in the past year. At the same time, the number of clients leveraging the product rose to over 2,200, an increase of 28%.

“The number of unique funds that have been added to the service, combined with the continued increase in new clients adopting AIP has reinforced the value of automation for the alternative investment industry,” said Ann Bergin, DTCC Managing Director and General Manager, Wealth Management Services. “We remain committed to supporting our clients’ evolving needs by providing scalable infrastructure that automates critical processes, essential to advancing the alternative investments industry.”

In addition to client and fund growth, DTCC continued to enhance its AIP offering this year, delivering new capabilities including Document Transfer and Delayed NAV purchase support. These new processes enable users to share documents while mitigating risks effectively and efficiently on incoming files and providing the ability to automate purchase orders for complex Business Development Companies products. This further enhances firms’ ability to decrease the cycle time to execute transactions by removing manual processes, increasing transparency, and improving resiliency.

Added Bergin, “When we launched the service 15 years ago, we anticipated it would transform alternative investment processing. We look forward to continuing to advance our AIP enhancements efforts to support our clients in this growing business.”

DTCC’s AIP service, which launched in 2008, is a centralized, standardized trading and reporting platform that securely and efficiently links the alternative investments industry to exchange data. The service includes centralized money settlement for orders, distributions, and other financial activities and is situated between product providers or issuers and distributors, acting as a transaction processing and trade execution channel.


About DTCC

With 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes and bringing increased security, enhanced resilience and soundness to financial markets. In 2022, DTCC’s subsidiaries processed securities transactions valued at U.S. $2.5 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $72 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 17.5 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook, and Instagram.

Press Contacts

 

DTCC

Emily Kish

+1 857 265 5194

[email protected]

 

US
Eric Hazard, Vested
+1 917 765 8720
[email protected] 

 

Europe
Ana Reynaud
+44 (0) 7866 202 656
[email protected]

 

Asia
Corinne Lee, DTCC
+65 6805 8033
[email protected]

 

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Additional Information

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