Northern Trust, the cornerstone client, has gone live with the first group of North American clients – marking a new milestone in the evolution of the platform.

"We are delighted that Private Market Hub is now available to North American domiciled funds – it comes at a time of explosive growth in the US, with PE fundraising tipping $400 billion and assets under management at an all-time high of $2.9 trillion," Mike Sleightholme, Broadridge's president of asset management solutions, said. 

The hub automates and unifies workflows between front, middle and back-office functions while simultaneously protecting the integrity and sovereignty of data. It brings together various participants with a consistent, secure, real-time view of data – reducing friction for fund managers, investors and administrators, Broadridge said.