Canoe Intelligence and Bloomberg have announced a certified integration that automates the delivery of private fund data directly into PORT Enterprise, Bloomberg’s premium portfolio and risk analytics offering.
Canoe automates the collection, extraction, and normalisation of private fund data, turning cash flows, portfolio positions, and holdings into validated, portfolio-ready information. Using the Financial Instrument Global Identifier (FIGI), an unchanging, open data standard, as a consistent fund identifier, Canoe delivers data into Bloomberg PORT Enterprise via secure FTP for mutual clients, reducing manual mapping and data entry.
The firms write that with private fund data accessible in PORT Enterprise, asset owners can analyse public and private investments for a total portfolio view, while supporting Investment Book of Record aligned workflows that provide an accurate view of private funds’ cash and position data.
Clients can use PORT’s interactive dashboards on the Terminal to visualise portfolios, run cross-asset risk and scenario analysis with Bloomberg’s Multi-Asset Class Fundamental Risk Model (MAC3), assess performance against Bloomberg’s alternative indices, as well as compare private fund metrics alongside traditional portfolio time-weighted returns.
“For far too long, those of us working in private markets have had to manually input data,” says Mike Muniz, Chief Strategy Officer at Canoe Intelligence. “This Canoe and Bloomberg integration is a more systematic and automated solution for clients looking to refocus on true private fund and portfolio analysis. We look forward to continuing to work with Bloomberg and expanding what this integration can do for mutual clients.”
“Total portfolio management requires interoperability across public and private data, from identifiers and positions to the workflows built on top of them,” says Brad Foster, Head of Fixed Income & Private Markets at Bloomberg. “Our integration with Canoe automates the flow of clients’ private fund data into Bloomberg, where they can apply the analytics and tools they use every day to manage public investments, making it easier to compare, monitor, and act across the portfolio.”
“This was one of the easiest integrations that our operations team has managed. Manual data entry for our private fund holdings was consuming significant time each quarter and delaying portfolio reviews. With the Canoe–Bloomberg integration, that data now flows directly into PORT Enterprise, strengthening our total portfolio view and supporting deeper cross-asset risk and scenario analysis using Bloomberg’s data and analytics,” says Lupita Breland, Investment Operations Manager at Arizona State Retirement System. “We’ve eliminated hours of operational work and can close our reporting cycles faster with confidence in the data accuracy.”
