Case Study: NYC Comptroller streamlines private equity due diligence with Nasdaq eVestment TopQ+

NYC Comptroller streamlines due diligence for $229 billion with eVestment

The NYC Comptroller's Bureau of Asset Management, responsible for a $229 billion pension portfolio, faced a challenge in conducting efficient and independent due diligence on private equity managers. Previously reliant on external consultants and fund managers for data and analysis, the team sought an internal solution to streamline their process. They implemented Nasdaq eVestment's TopQ+ platform to gain greater control and insight.

Using Nasdaq eVestment's TopQ+, the team gained an independent, holistic view of fund manager track records through a customizable dashboard. The solution automated performance calculations and data manipulation, saving significant time and allowing for instant currency conversions and benchmark comparisons. A key result was the ability to easily conduct "What If" scenario analyses, which transformed their ability to evaluate potential future fund performance and ask more insightful questions of managers.

NYC Comptroller