Charles River Development, a State Street company, today announced plans to expand its support of private market assets within the unified managed accounts (UMA) capabilities offered through the Charles River Investment Management Solution (IMS). Through new enhancements to Charles River IMS, the offering aims to provide a streamlined and integrated solution with advanced portfolio management capabilities across public and private assets within a single portfolio. The expanded solution is intended to address the administrative complexities and product delivery challenges for both enterprise wealth management firms and private asset managers.

Building on longstanding UMA capabilities to hold, value, and position-keep alternative instruments as sleeve options in Charles River IMS, the enhanced capabilities are designed to offer systematic support for asset allocation handling, portfolio rebalancing, cash management, and trade sequencing activities associated with semi-liquid instruments and more traditional illiquid fund structures.

Charles River is also partnering with leading third party providers that support alternative investments to deliver a seamless user experience and simplified workflow. The objective is to provide a differentiated solution in the market through the combination of Charles River’s technology expertise and integrated access to private assets from partners.

“Retail investors are looking for new sources of portfolio return and diversification, and private assets are surging in popularity as a result,” said Swati Verma, Head of CRD Wealth and Advisory Platforms, State Street. “Our goal is to improve and expand access to private assets with an efficient, comprehensive UMA solution that helps wealth managers and advisors navigate the complexities of private markets, ultimately unlocking more value for their clients.”

About Charles River Development, A State Street Company

Investment and wealth managers, asset owners and insurers in ~30 countries rely on Charles River IMS to manage USD $59 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-based front office technology forms the foundation of State Street Alpha^®.

Charles River IMS helps automate and simplify the investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River for Private Markets helps solve complex data challenges for investors in private credit, real estate, private equity, and infrastructure. Charles River’s partner ecosystem enables clients to access the data, analytics, application and liquidity providers that support their product and asset class mix. With more than 195% increase in headcount over the last 8 years, Charles River serves clients globally offering 24/7 support. To learn more visit www.crd.com.

*Statistics as of Q3 2025. Assets are inclusive of clients using the platform for purposes of secondary compliance.

About State Street Corporation

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 $53.8 trillion in assets under custody and/or administration and $5.7 trillion* in assets under management as of December 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of December 31, 2025 includes approximately $173 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

Charles River Development - A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts).

This document and information herein (together, the “Content”) is subject to change without notice based on market and other conditions and may not reflect the views of State Street Corporation and its subsidiaries and affiliates (“State Street”). The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client’s or prospect’s particular investment or other financial objectives or strategies, nor any client’s or prospect’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client’s or prospect’s own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. State Street is not acting as an investment advisor or fiduciary in providing this Content. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise. State Street disclaims all liability, whether arising in contract, tort or otherwise, for any claims, losses, liabilities, damages (including direct, indirect, special or consequential), expenses or costs arising from or connected with the Content. The Content is not intended for retail clients or for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. The Content provided may contain certain statements that could be deemed forward-looking statements; any such statements or forecasted information are not guarantees or reliable indicators for future performance and actual results or developments may differ materially from those depicted or projected. Past performance is no guarantee of future results. No permission is granted to reprint, sell, copy, distribute, or modify the Content in any form or by any means without the prior written consent of State Street.

The offer or sale of any of these products and services in your jurisdiction is subject to the receipt by State Street of such internal and external approvals as it deems necessary in its sole discretion. Please contact your sales representative for further information. State Street may from time to time, as principal or agent, for its own account or for those of its clients, have positions in and/or actively trade in financial instruments or other products identical to or economically related to those discussed in this communication. State Street may have a commercial relationship with issuers of financial instruments or other products discussed in this communication.

©2026 STATE STREET CORPORATION

8708134.1.1.GBL

View source version on businesswire.com: https://www.businesswire.com/news/home/20260122773485/en/

"Our goal is to improve and expand access to private assets with an efficient, comprehensive UMA solution that helps wealth managers and advisors navigate the complexities of private markets, ultimately unlocking more value for their clients."