New York-listed global financial services firm BNY has been appointed by Japan's Government Pension Investment Fund ( GPIF ) to provide high-quality granular data on alternative assets.

One of the world’s largest pension funds with over US$1.6 trillion in assets under management, GPIF is tapping BNY’s data and analytics platform to make informed investment decisions based on a clear view of the performance and risk of the asset class.

The platform accesses the extensive dataset of Cepres, a private market data company with over 20 years of experience and the largest private assets database globally.

GPIF’s five-year medium-term plan emphasizes achieving excess returns through alternative investments, making scarce, high-quality data for robust quantitative analysis essential.

By consistently collecting investment look-through data directly from general partners, combined with strong data validation capabilities, BNY will provide vital support for GPIF to achieve its objective.

“Clients need access to cloud-based data-driven decision-making tools that improve agility and adaptability in the fast-evolving capital markets landscape," says BNY Japan country executive Kunio Watanabe. “The appointment sets a new standard for quality data for investment decision-making among global asset owners as alternatives continue to grow in their portfolios.”