State Street's Private Edge^® Group has extensive experience in this area, having provided performance and analytics services to institutional investors with a focus on alternative assets for nearly fifteen years. Since our inception, our customers have committed more than $250 billion to alternative assets such as private equity, real estate and natural resources. In addition, our team maintains a uniquely broad exposure to the industry by working with customers at all stages of the investment process, from pre-trade research to post-trade reporting. Because we take a partnership approach to every business relationship, State Street does much more than simply provide software to our customers. By tailoring our extensive resources to our customers' needs, we integrate our services to act as an extension of each customer's staff to support fully their unique business model. This allows our customers - General and Limited Partners - to focus on investment management, not data management.

The Private Edge^® application is highly robust and flexible, and has been designed to accommodate any type of private market investment, (e.g., real estate, natural resources, venture capital, corporate finance) and to provide for considerable user-based definition and customization.

Our service includes determining data and reporting requirements, portfolio and investment structures, conversion of historical data to enable stratification and associated long-term rates. Private Edge^® electronically captures all cash transactions, coordinating with investment managers to obtain financial and investment characteristic information, calculating performance, reconciling returns to those reported by managers, designing and calculating reports, responding to ad hoc queries, and providing industry expertise on a consulting basis. Private Edge^® customers can elect to have online access to the database or a direct delivery report.