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Treasury & Capital Markets
DTCC’s AIP solution reaches 10,000 unique funds
Continued increase in new clients adopting alternative investment product services
The Asset 4 Dec 2023

Post-trade services provider the Depository Trust and Clearing Corporation (DTCC)’s alternative investment product services platform 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%.

In addition to client and fund growth, the DTCC says, it has continued to enhance its AIP services offering this year, delivering new capabilities, including document transfer and delayed net asset value 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 company products.

This, the company adds, further enhances firms’ ability to decrease the cycle time to execute transactions by removing manual processes, increasing transparency and improving resiliency.

The AIP services platform, launched in 2008, centralizes and standardizes trading and reporting by securely and efficiently linking the alternative investments industry to exchange data.

Ann Bergin, the company’s managing director and general manager for wealth management services, adds: “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.”

 

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