IBOR for Public and Private Markets

What is an IBOR (Investment Book of Record)?

An IBOR is the operational layer that provides a real-time view of your investment positions, exposures, transactions and cash.

It brings together:

• Positions across all asset classes
• Cash balances and forecasts
• Transactions and lifecycle events
• Intraday exposures and risk metrics

Unlike traditional systems, designed mainly for accounting or end-of-period reporting, IBOR is built to support investment decision-making, it gives portfolio managers, risk teams, and operations teams access to consistent investment data when they need it.

Why traditional IBOR models fall short

Many IBOR implementations were built for listed assets only. As investment strategies expand, this can create limitations.

For example:

• Private assets are managed outside the IBOR
• Data models lack flexibility for alternatives
• Updates are delayed or batch-dependent
• Integration with accounting and reporting remains complex

Because of these limitations, your view of the portfolio is incomplete.

Decision-making becomes slower, reconciliation takes longer, and teams may need manual workarounds to close the gaps.

One IBOR across public and private assets

A modern IBOR must support all asset classes in a unified model.

This includes:

• Equities and fixed income
• Derivatives and structured products
• Private equity and real estate
• Loans and alternative investments

With a unified IBOR, you can:

• Combine listed and illiquid assets in one view
• Apply consistent valuation and exposure logic
• Monitor performance across the full portfolio
• Reduce reliance on disconnected tools and manual consolidation

You no longer manage public and private markets as separate worlds. Instead, you can operate with one integrated investment view.

IBOR vs ABOR vs PBOR: why alignment matters

Your IBOR does not operate in isolation. It must align with accounting (ABOR) and reporting (PBOR).

However, when these layers are disconnected:

• Positions differ between systems
• Reconciliation becomes manual and time-consuming
• Reporting outputs lose consistency
• Confidence in investment data decreases

A unified data foundation ensures alignment across:

• IBOR (investment view)
• ABOR (accounting view)
• PBOR (performance and reporting view)

As a result, you reduce breaks and improve trust in your data. Learn more about IBOR vs PBOR vs ABOR alignment.

Enabling a total portfolio approach

As investment strategies evolve, asset managers need a holistic view of the portfolio.

A modern IBOR helps you :

• Aggregate exposures across asset classes
• Measure risk at a total portfolio level
• Combine public and private investments
• Deliver consistent performance insights
• Support portfolio decisions with a complete view of assets, cash, and exposures

This allows you to move beyond siloed decision-making. Instead, you adopt a true total portfolio approach.

NeoXam IBOR powered by a unified data foundation

NeoXam delivers an IBOR supported by a strong investment data backbone.

With NeoXam, you can:

• Integrate real-time and batch data seamlessly
• Leverage golden copy data management for consistency
• Ensure full data lineage and auditability
• Align IBOR with accounting and reporting layers
• Connect investment data with reconciliation and reporting workflows

This means your investment lifecycle can operate on the same trusted data foundation, from portfolio management to operations and reporting.

From visibility to control

An IBOR is not just about seeing your data. It is about acting on it with confidence.

With the right IBOR, you can:

• Make faster investment decisions
• Detect issues before they impact reporting
• Reduce manual intervention
• Improve operational efficiency
• Strengthen control across the front-to-back investment process

Ultimately, you move from reactive processes to proactive control.

Build an IBOR that evolves with your strategy

Your IBOR should adapt as your business grows.

With a modern approach, you can:

• Add new asset classes without redesigning your system
• Scale across geographies and entities
• Integrate new data providers quickly
• Support increasing regulatory requirements

As a result, your IBOR becomes a long-term foundation for investment operations, not a limitation.

See your portfolio as one, not in parts

Discover how a modern IBOR helps you unify public and private assets, improve investment visibility, and support a total portfolio view.

Speak with NeoXam about building a modern IBOR