BNY Mellon launches fund administration service

The Bank of New York Mellon's Alternative Investment Service is launching a private equity servicing platform. The service is designed for the buyout, venture capital, mezzanine, real estate and hybrid hedge fund sectors.

The platform will deliver reporting capabilities through a secure web-based portal from fund setup to capital calls and distributions and portfolio monitoring, including account balances and performance.

The Bank of New York Mellon offers private equity fund administration services by teams in Ireland, the UK, the US and Hong Kong.

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