Bank of New York Mellon Corp. is offering a credit fund service for alternative fund managers that puts loan administration, fund administration, and investor services on one platform.

The new service, announced Wednesday, combines offerings from Bank of New York Mellon's alternative investment services and global corporate trust businesses.

The company provides hedge fund administration services to more than 130 clients and 700 funds with total assets under administration of more than $200 billion. Its global corporate trust business services $12 trillion of outstanding debt from 56 locations globally covering all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities, and international debt offerings.

Bank of New York Mellon had more than $22.4 trillion of assets under custody and administration, more than $1.1 trillion of assets under management, and $12 trillion of outstanding debt as of Sept. 30.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.