BOSTON--(BUSINESS WIRE)--

State Street Corporation (NYSE:STT) today announced that it will work with Fidelity National Information Services (FIS) to distribute its GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, to nearly 300 global asset management clients, including private equity managers, investors and third-party administrators. The PEI will be integrated into FIS’s Data Exchange portal (DX), a platform for sharing documents and data via advanced data visualizations, analytics and dynamic and interactive reporting.

“State Street’s GX Private Equity Index is a high-quality, industry-recognized source of private equity data,” said Sami Juma, chief operating officer, Private Equity Business for Fidelity National. “We believe this benchmark will offer our clients increased transparency into the private equity landscape through which they can dynamically compare portfolio performance and make even more informed investment decisions. We continue to create a more fully-integrated and improved experience for our clients, and the addition of the PEI furthers that agenda.”

The PEI is based on directly-sourced limited partnership data, in some cases dating back to 1980. It represents more than $2.4 trillion in private equity investments, with more than 2,600 unique private equity partnerships, as of June 30, 2016.

“We are thrilled to partner with FIS to offer the PEI to their asset management clients,” said John Plansky, global head of State Street Global Exchange. “With the PEI, we believe FIS’s clients will benefit from the ability to create custom benchmarks, so they aren’t measuring performance against a sample that is not representative of their unique portfolio allocations. As private market investing becomes increasingly prevalent, we further believe investors need tools like these to help them avoid risk and successfully generate alpha.”

For additional insights, or to learn more about the GX Private Equity Index please visit http://www.ssgx.com/peindex.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of December 31, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approximately $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

CORP-2662

View source version on businesswire.com: http://www.businesswire.com/news/home/20170330005927/en/