This Week’s Vendor News

NEW & UPDATED PRODUCTS

Bite Investments has launched a new wealth management feature on its Bite Stream platform. This new feature, available to asset managers globally, will enhance access and operational efficiency for alternative investments, facilitating connections between fund managers and the global wealth management community. ↗ Bite Investments has revealed another new feature on its platform. This updated feature enables managers to connect with investors digitally, allowing them to ask questions at any stage of their investment journey - as and when they need to. This leads to simplifying investing and boosting relationships between investors and managers. ↗

Nasdaq launches new ESG data platform called Nasdaq Sustainable Lens. This is a new an AI-powered SaaS platform aimed at helping companies and investors to navigate and utilize ESG data from across thousands of companies. Key features of the new platform include the ability to deliver answers to questions through chat and summarization, monitor ESG trends across peers and sectors, use a natural language search tool to navigate thousands of sustainability reports and financial filings, benchmark disclosures against peers, back up sustainability claims, and assess alignment of ESG reporting with regulations and frameworks. ↗

Bain & Company has announced an enhancement of its strategic relationship with Amazon Web Services with the launch of Cloud Value Acceleration. This new offering is designed to help clients secure higher returns on their investments and harness the power of the AWS cloud to unlock further value. ↗

Albourne has announced that its new website, Albourne.com, has gone live. Albourne.com has seperate pages for Insights, Managers, Careers, and Indices. ↗

InvestorFlow has announced the release of Pipe 14, which brings new and improved features on its platform for alternative asset firms. New features include InvestorFlow’s newest AI tool (now in Pilot) and improved data visualization in SmartLists with SmartCharts. InvestorFlow has also updated: Pipe Profiles, FlexLists, Enhanced Meeting Notes and Tearsheets. ↗

Kroll has introduced its Alternatives Risk Assessment Platform, a portfolio monitoring and diligence solution for asset allocators and managers. For asset allocators - Optimize operational due diligence (ODD) and effortlessly collect, analyze and report on the full spectrum of investment performance indicators. And for asset managers - Optimize portfolio management and maximize access to LP capital. This is an end-to-end solution for capturing, analyzing and creating value from portfolio data. ↗

FactSet has launched AI Blueprint and Explorer, its product review program. The AI Blueprint, is FactSet's product roadmap designed to leverage the power of AI to further enhance its solutions and deliver personalization, discoverability, and productivity to its clients. ↗

SimCorp has introduced its new Investment Analytics Platform with real-time performance analytics. This new service is the inaugural offering under SimCorp’s Investment Analytics Platform, providing investors with the capability to quickly calculate performance attribution in real-time. ↗

Novata adds SFDR reporting capabilities to Private Markets ESG Data Platform. This expansion enables clients to simplify reporting against European regulatory requirements. Novata’s SFDR solution now includes data collection aligned with SFDR requirements, a PAI Automation Tool enabling calculation and aggregation and reporting on PAI indicators at the fund and entity level. ↗

DEAL ACTIVITY

DuploCloud has raised $32 million in a Series B financing round led by WestBridge Capital and StepStone Group with participation from existing investor Mayfield. DuploCloud sells a set of tools to make provisioning apps to public clouds like Google Cloud, Azure and AWS easier. ↗

Yieldstreet is set to acquire online investment platform Cadre. This acquisition will extend Yieldstreet's category leadership with nearly $3 billion AUM, institutional distribution channels and new platform capabilities. ↗

SEI has completed its acquisition of the National Pensions Trust. This acquisition reinforces SEI's commitment to the institutional markets and provides stability to members. ↗

PARTNERSHIPS & INTEGRATIONS

GP Fund Solutions has announced its new collaboration with Passthrough. This integration will help with investor onboarding, reducing friction and increasing security during fund launch. ↗

Mirador, a technology-enabled service provider for consolidated financial reporting and offline data management for the wealth management industry, has announced a new partnership with Alkymi. This new partnership adds additional AI and machine learning capabilities to Mirador’s core data processing platform called RELI (Retrieve, Extract, Label, Ingest). ↗

Atominvest has announced a new partnership with Notion Capital. Notion Capital is a Venture Capital investment firm focused on European SaaS and Cloud and is receiving support from Atominvest with LP Reporting. ↗

Wilshire, a global provider of indexes, advanced analytics, and multi-asset investment solutions, has joined FactSet’s Model Center. With Model Center, advisors can integrate model portfolios into wealth management workflow. Advisors can utilize tools to perform portfolio analysis, review product materials, and create client reports throughout the FactSet’s workstation. ↗

OptiGroup AB, an FSN Capital Partners portfolio company, has partnered with Dealstack to validate and manage their management incentive programme (MIP). Key features of this partnership include: Dealstack validates the share register and the investment programme information as part of onboarding. Also, portfolio company teams, deal teams and legal professionals now have an easily accessible and accurate record of ownership. Additionally, Dealstack has removed the deal admin burden, which allows teams to dedicate their time to value-added activities. ↗

Cyndx has announced a new partnership with Finalis. Launched in 2020, Finalis is a dealmaking platform based in San Francisco and New York. ↗

New Zealand credit bureau Centrix has partnered with Envestnet | Yodlee, which will allow live bank data feeds for Centrix customers. Through this collaboration, Centrix gains direct access to transaction data from borrowers’ bank accounts with their consent. This access facilitates real-time debt servicing and affordability checks based on actual income and expenditure, providing a more accurate assessment compared to self-reported estimates or proxies. ↗

Manos, a subsidiary of BNP Paribas and modular investment service platform, has announced its partnership with RepRisk. By integrating RepRisk's dataset, Manaos clients are now equipped with resourceful information enabling decision-useful insights on public companies. ↗

Mend.io has announced a new integration with Secure Code Warrior, a platform that provides secure coding training and tools that help shift developers' focus from vulnerability reaction to prevention. With this integration, Mend.io offers developers access to the security knowledge database of Secure Code Warrior to help fix security vulnerabilities in their proprietary code. ↗

Position Green has welcomed Ideagen, provider of software solutions for regulated industries, as a new Sustainability Reporting software user. Ideagen provides governance, risk and compliance management solutions for financial services. ↗

CentarRise Partners has selected PE Front Office to manage its alternative investment process. CentarRise Partners is a Dominican Republic-based asset and wealth management firm. ↗

Lerer Hippeau has selected Standard Metrics for their portfolio data. Leveraging Standard Metrics’ managed data services, the finance team gained access to 300k comparable metrics across 400 portfolio companies. ↗

Addepar has announced two new clients. The first is Titleist Asset Management. Tiitleist’s platform helps advisors navigate the complex investment landscape with clearing and custody, technology and a team of experienced investment professionals. ↗ The second client is the Singapore-based investment management firm Shorea Capital. Shorea Capital specializes in public and private markets, wealth management and real estate. ↗

OFFICE & PERSONNEL

CEO and founder of Apperio, Nicholas d’Adhemar, has left his position at the firm. D’Adhemar will continue to support the firm as strategic adviser as he moves onto his next venture, which is not currently known. ↗

IQ-EQ has announced that Andrew Ragaven has started a new position, Head of Talent Acquisition, AIME Region. Before joining IQ-EQ, Ragaven spent 7 years at Aspen Global Incorporated in HR and Talent Acquisition. ↗ Also, IQ-EQ Cayman Islands is moving to a new office. Starting December 1, 2023 the new office will be at: 3rd Floor Whitehall House, 238 North Church Street, George Town, Grand Cayman. ↗

+SUBSCRIBE has welcomed Sarah Williams as an Investment Operations Analyst. Most recently Williams was a Wealth Management Operations Analyst at Morgan Stanley. ↗

AlphaSense has welcomed two new additions to the company. Samantha Isman is a new Product Marketing Manager. Before joining AlphaSense, Isman was at Via, a TransitTech software company. ↗ Mohit Sharma has joined AlphaSense as an AI Research Manager. Most recently, Sharma was a Machine Learning Engineer at Sharechat. ↗

MSCI appoints Jana Haines as Head of Index and as a member of MSCI’s Executive Committee. Based in NY, Haines will be responsible for the strategic development and execution of MSCI’s global Index product line. Haines has held a variety of senior leadership roles at MSCI from 2006 to 2021 and most recently was Chief Strategy Officer at ARK Investments. ↗

Melanie McLaughlin has joined Aumni as a Implementation Manager - VP. Before joining Aumni, McLaughlin was an Enterprise Implementation Manager at Rippling. ↗

Canoe Intelligence has announced two new company hires. The first is Tricia Rothschild, who is the newest member of its Board of Directors. Rothschild brings 30 years of experience in the financial technology and global wealth management sectors. Rothschild is currently a Managing Partner at Advent International. ↗ Additionally, Tiffany Mosher Taylor has joined Canoe Intelligence as its Head of People. Most recently, Mosher Taylor was Head of People at Appcues. ↗

LemonEdge has announced the appointment of Mike Dickey as its new Product Director. For his new role, Dickey will be leading the Product and Pre-Sales functions at LemonEdge. ↗

Ontra has announced that Nicklaus Connor has joined the company as a Full Stack Engineer. Before joining Ontra, Connor was a Software Engineer at Onit. ↗

Moonfare has appointed Marc Lamik as its Chief Product and Technology Officer, a newly-created executive committee position reporting to Co-CEO Lorenz Jüngling. Lamik joined Moonfare in July 2022 as VP of Product and Data. In his new role he oversees Moonfare’s digital product, technology platform, security, and data, including the product management, software engineering and platform. ↗

Quantium has appointed Piotr Piorkowski to lead the Client Solutions team. Piorkowski joins Quantium in Singapore after being at Citco Fund Services, where he also led the firm’s Client Services team. Piorkowski brings over 13 years of industry expertise in fund administration to Quantium. ↗

SS&C in Ireland has moved to a new location. The office is now located at Bishop's Square, Redmond's Hill in Dublin. ↗

VENDOR WHITEPAPERS

Tegus has published a new blog, "Not all expert research vendors are created equal". In this post, Tegus answers 8 questions that investors should ask their vendors, to help vet whether they see “compliance” as a buzzword, or if they’re really doing what it takes to ensure your research is safe, useable, and in line with SEC guidelines. ↗

Chronograph has released a new article, "Best Practices for Managing Private Equity Portfolio Company Restatements". Chronograph states that while portfolio company updates and restatements are common, they feel that most private equity firms lack efficient infrastructure for identifying and responding to changes in portfolio company financial statements in their portfolio monitoring, valuation, and reporting efforts. ↗

eVestment has published a new article, "The fundamentals of a successful database strategy". In this piece, eVestment discusses five key database strategy fundamentals that asset managers must master to effectively facilitate engagement with institutional investors and their consultants. ↗

Intelligo has a new blog, "Due Diligence Could Have Saved FinTech from Prashant Bhardwaj. Here’s How.". In this piece, Intelligo provides many examples of how doing the right due dilligence could have prevented Bhardwaj from getting as far in fintech as he did. ↗

Novata has published a new blog, "Walking a Tightrope: Striking a Balance Between Proprietary Metrics and ESG Standards". Novata feels that by striking a balance between proprietary metrics and ESG standards, companies can create a winning combination that benefits both their bottom line and society as a whole. ↗

SimilarWeb has posted a new blog, "ChatGPT’s First Birthday is November 30: A Year in Review". SimilarWeb states that the chatbot turned openai.com into one of the world’s most visited web domains. It also raised big questions about how bots and humans will coexist. ↗

qashqade has a new whitepaper, "A Jumble of Waterfalls". qashqade says that the term "waterfall" in private markets can mean different things to different people, often leading to confusion, misunderstandings and ultimately, wasted time. In this white paper, qashqade determines four main areas where waterfalls exist: allocation between products, allocation of proceeds among limited partners, allocation between GP and LP and allocation within the GP. ↗

Alkymi has published a new blog, "The future of standardization is not templates". Alkymi feels that with the right tools, standardization can now be a setting at the software level, where you can identify the parameters you need and the format in which you need the information, while the technology does the work. ↗

FactSet has released a new article, "ChatGPT turns 1, What's next for AI?" In this piece FactSet reflects on the progress ChatGPT has made in the year since it was first released to the public on Nov. 30, 2022, exactly one year ago. Additionally, this piece also discusses what’s next for AI at FactSet. ↗

AlphaSense has posted a new blog, "The Value of Broker Research: Insights You Won’t Find Elsewhere". In this blog, AlphaSense discusses how broker research can benefit you and your team and the value proposition it can add to an organization. ↗

Dialllog has released a new article, "Investment Banking Software Tools". This piece covers and discusses five key categories: information tools, data analytics and visualization, deal management and collaboration, lead generation and mass mailing, and risk management and compliance. ↗

Infrrd has published a new blog, "How Not To Use LLMs with IDP". Infrrd states that many Intelligent Document Processing (IDP) vendors, including Infrrd, have announced integrations between their knowledge graphs and LLMs. This blog delves into the practicalities of this technology. ↗

Tactyc has a released a new blog, "Leveling up on MOIC Analysis". This blog looks into seven different types of MOIC calculations and they can be used in fund analysis. ↗

AlphaSense has a new blog, "Building an Effective Investor Relations Strategy". In this blog, AlphaSense asks questions like, "What is the role of an IR office in today’s volatile market? How does an IR firm succeed in the midst of unpredictability, placate shareholder interest, and generate new investment interest"? ↗

Affinity has published a new blog, "Three ways to improve deal sourcing in 2024". In this blog, Affinity points out that in 2024, deal sourcing will look different. Affinity feels that on the one hand, it’s a dealmaker’s market but at the same time there are more funds than ever. ↗

Owlin has released a new blog, "Enhancing Third-Party Risk Management through Partnerships: The Success of Venminder – Owlin Partnership in Adverse Media Monitoring". This white paper discusses the challenges organizations face when monitoring third-party risk continuously. It also explores how these challenges can be minimized and investigate how combining TPRM vendors’ strengths through partnerships can contribute to a solution. ↗

Dynamo has piblished a new blog, "Solve For These 3 Challenges When Measuring the Performance of Alternative Assets". Dynamo discusses in the blog that a multitude of metrics, analyzing risk, and wrangling data are three key challenges alternative investors must solve for. ↗

DealCloud has posted a new blog, "Streamline deal marketing with AI-generated email content". In this blog, DealCloud discusses in detail when to use AI-generated emails during the deal marketing timeline. ↗

Broadridge has posted a new whitepaper, "The Future State of Global OMS". Key findings from this paper include, Global sell-side firms are beset by significant challenges both regionally and across asset classes. Also, customer needs are growing, and the sell-side is responding through front-office innovation. Lastly, brokers report three key metrics for judging trade optimization success. ↗

Decimal Point Analytics has published a new blog, "AI In ESG Analysis: How AI Is Transforming The Way We Assess Environmental, Social, And Governance Factors". This blog goes over ways AI is being used in ESG analysis and the benefits of using AI in ESG analysis. ↗

Chronograph has published a new blog, "How to Streamline Private Market Valuation Workflows". Chronograph believes that GPs need technology that supports the flexibility of Excel-based valuation workflows, offering key efficiency gains by automating manual tasks and providing intuitive integration with firms’ existing processes. Flexible technology systems provide several advantages for valuation workflows. ↗

AWARDS

Decimal Point Analytics has been named the winner of the "Best ESG Solution 2023"at the Canadian RegTech Awards. These awards are a benchmark for recognizing leaders and innovators in the regulatory technology space. ↗

S&P Global Market Intelligence has won “Best Corporate Actions Solution” for the third consecutive year at the A Team Group’s annual Data Management Insight Awards for Europe. FundGuard has won Best Fund Accounting, Portfolio Management & Data Platform. MSCI has won for Best Index Data Provider. Arcesium has won Most Innovative European Data Management Provider. These awards recognize both established solution vendors and innovative newcomers providing data management solutions, services and consultancy to capital markets participants across Europe. ↗

Arcesium has won Global Custodian's 2023 Industry Leader's Awards Editor's Choice award for Best Fund Services Technology Provider. The Editors’ Choice and Innovation awards honor product launches, partnerships, and technology developments. ↗

IQ-EQ has won ‘Best Fund Administrator overall – Pan Africa’ and ‘Best Fund Administrator: Private Equity Funds over $20bn’ at the 2023 Africa Global Funds Service Providers Awards. ↗

FundCount has won the award for 'Client Communications Solution' at The WealthBriefing MENA Awards 2023. ↗

IQ-EQ has won the awards for ‘Innovation in Fund Administration’ and ‘Global Fund Administrator’ in the 2023 Asset Servicing Times Industry Excellence Awards. The awards support and recognize talented and dedicated firms, individuals and departments across the financial services industry. ↗