This Week’s Vendor News

NEW & UPDATED PRODUCTS

Portagon has announced a new update to Portagon Go, its distribution platform. Now users can self-assess and classify your investors as a semi-professional also known as well-informed investor within its investor portal. ↗

CAIS launches new SaaS platform for advisors to centralize and streamline alternative investment workflows. CAIS Solutions centralizes all alternative investment funds onto one platform, providing a unified and scalable end-to-end solution. ↗

Altrata has announced the launch of the new Radar by RelSci, a contact intelligence solution designed for growth. Radar provides companies with deeper insight into the opportunities their employee relationships can deliver by identifying the clients and prospects employees interact with the most. ↗

ListAlpha has announced the launch of its investor relations functionality, a new module tailor-made for fundraising. ListAlpha's IR module, eliminates most of redundant data entry out of fundraising and allows IR teams to focus on what matters most - identifying and closing new commitments. ↗

PFA Solutions has launched its Compensation, Planning and Recommendations (CPR) module for FirmView, its carried interest and compensation management platform. FirmView CPR consolidates historical cash and equity compensation alongside recommendations for annual increases, and equity awards/grants into a multi-step workflow process and distribution to decision makers. ↗

Delio has launched Vaults, which enables the interconnectivity of firms that want to collaborate and syndicate deal flow. Delio Core’s Vaults functionality uses a hub and spoke model that enables the creation of private distribution networks across a unified digital infrastructure that allows distributors and partners to share deal flow in a controlled, compliant and trackable way. ↗

Canoe expands product suite with Canoe Tax. Canoe Tax streamlines the management of common tax documents, which eliminates the manual processes associated with collecting, categorizing, and storing these documents. ↗

SS&C has introduced InView, a purpose-built portfolio management solution for LPs. The solution collects financial reports across funds from multiple sources – including InvestorVision, other external systems and emails – and presents them in one user-friendly interface. ↗

Tactyc has introduced Loss Ratios, which means Tactyc can now analyze and summarize loss ratios across your venture portfolio. ↗

Envestnet | Yodlee expands access to credit with its newest technology solution, Credit Accelerator. Credit Accelerator is a lending data solution that promotes financial inclusion by harnessing alternative data to expand access to credit for individuals who may have limited or no traditional credit history. ↗

DEAL ACTIVITY

Betterfront has been acquired by Equation to boost fundraising efficiency and private market secondaries. Equation AG is an asset manager with a focus on private market analytics. Both companies are based in Germany and declined to share details of the acquisition. ↗

PARTNERSHIPS & INTEGRATIONS

KnowledgeNet.ai has announced a partnership with Pipedrive. With this integration KnowledgeNet.ai users can now source new contacts, access relationship intelligence, real-time information and interactions of every contact and account. ↗

Carahsoft and RepRisk have partnered to bring Business Conduct Risk Data to the public sector. RepRisk and Carahsoft have integrated to help public sector entities make risk-informed business decisions by leveraging RepRisk’s issues-driven ESG research methodology. ↗

MSCI has announced a partnership with Nuant, which will bring MSCI's Datonomy directly to Nuant's platform. The collaboration offers institutions in-depth sector classifications for digital assets, facilitated through MSCI's Datonomy. ↗

Venture360 has announced a partnership with Brex, the all-in-one financial stack for startups, to bring founders perks and benefits. ↗

Mend.io has announced a new integration with Secure Code Warrior, a platform that provides secure coding training and tools that help shift developer 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. ↗

Carta has announced a new partnership with Secfi, an equity advocate for the startup community and wealth manager. Carta’s Portfolio API allows Secfi users to effortlessly connect their Carta accounts and instantly import all their equity compensation data. This seeks to ensure that all information remains up-to-date without the need for manual updates or data entry. ↗

Worldfavor has announced its new partnership with Sustainable Advantage, a UK-based consultancy firm that provides a range of services in the ESG arena. This partnership offers companies and investors strategic and technical ESG consulting combined with specialist energy and waste procurement and management services. ↗

Delio has integrated with SumSub to allow for Anti Money Laundering (AML) and Know Your Customer (KYC) checks to further streamline through the Delio Core platform. With this integration, Delio’s AML/KYC module enables financial institutions to create a more streamlined transaction workflow. ↗

NewEdge Wealth, a registered investment advisor specializing in servicing the needs of ultra-high net worth families, family offices and institutional clients, and iCapital have announced a strategic partnership that provides NewEdge Wealth financial advisors and their clients with access to a diversified range of alternative investing opportunities. The partnership includes a customized technology offering that provides advisors at NewEdge Wealth with a curated menu of alternative investment strategies – from private equity, private credit, real estate to hedge funds – and also enables the firm’s advisors to purchase structured investment opportunities. ↗

GFT North America has partnered with LemonEdge to deliver an end-to-end solution for private equity firms. The partnership enables clients and future adopters of LemonEdge to maximise their return. ↗

Alternative investment fund manager and fund administrator Adepa has chosen, eFront, as its private markets technology solution. By using eFront, Adepa will be able to enhance its service offering for clients across private equity, private debt, infrastructure and real estate. The solution is available across Adepa’s entire business, including fund administration, transfer agency and alternative investment fund manager services. ↗

Jungle Ventures has selected Dynamo Software for portfolio management. Jungle Ventures is Singapore’s first private venture capital firm to raise over $1 billion aum. In addition to portfolio management services, Jungle is taking advantage of Dynamo’s unified single cloud-based platform to integrate its firm even further. ↗

Accelex has announced that Amundi Technology has selected Accelex to deliver enhanced private capital portfolio monitoring through automated document harvesting and data extraction across its private capital portfolio. ↗

HIRING & PERSONNEL

73 Strings has announced two new additions to the company. Nicolas Ballian has joined the firm as Managing Director and Swapnil Sarode has joined the firm as Vice President.

SEI has appointed Stephanie Miller to its Board of Directors. In addition to her board responsibilities, Miller will serve as a member of the Audit and Legal and Regulatory Oversight Committees. ↗

Tagnifi has announced that Bob Wegbreit has joined the company as Managing Director, Private Markets. In this role he will focus on middle-market investment bankers, valuation professionals, private equity professionals, lenders, and corporate development buyers to help them utilize the TagniFi platform. ↗

Domos has welcomed Anna Bogdanova, as a Project Manager in their Parisian Professional Services team. ↗

Affinity has welcomed its new CTO, Dominique Simoneau-Ritchie. Simoneau-Ritchie was most recently Vice President Of Engineering at Wealthsimple. ↗

Filament Syfter has announced that Emma Luetchford has joined Filament as its new COO. Luetchford has prior experience in marketing, strategy, and operations and has specific experience in PE backed data-centric scaleup. ↗

VENDOR WHITEPAPERS

Maestro has released a new blog, "In Unique and Varying Ways, Marketers' Impact and Influence on Value Creation in PE Expands". In this blog, Maestro talks about how many marketers today are playing an outsized role across their organizations and taking on greater responsibility for building pipeline, adopting new technologies, managing teams of business development and sales representatives, and ensuring that marketing investments drive and deliver growth. ↗

FundCount has released a new article, "Legacy Systems: Is it Time for an Upgrade?". FundCount discusses the benefits of upgrading legacy systems, which include: operational efficiency, reduced costs and IT agility. ↗

Arcesium has posted a new blog, "Low-Code, No-Code and What It Unlocks". Low-code tools enable faster application programming powered by visual interfaces, while no-code platforms simplify building products without needing to write any code. The recent popularization of low-code, no-code can be attributed to platforms that make it easy to self-build and customize applications. ↗

Mend.io has released a new article, "Vulnerability Assessment: A Guide". A vulnerability assessment is a process of defining, identifying, classifying, and prioritizing vulnerabilities in your organization’s apps, systems, and network for the purpose of understanding risks and formulating a strategy to improve security. ↗

Aimably has published a new article, "The Top 7 Cloud Cost Management Solutions". As part of this piece, Aimably discusses what you need from a cloud cost management solution and the primary issues that need to be addressed by the solutions, which are: Visibility, Accountability, Verification, Transparency, Accessibility, Control and Forecasting. ↗

Entrilia has posted a new blog "Maximizing Efficiency in Private Equity Accounting: Unleashing the Power of Entrilia’s Treasury Management Module." This blog highlights three ways that Entrilia’s treasury module will enhance efficiency in treasury management: Standardize Processes, Automate Repetitive Tasks and Leverage Modern Technology Solutions. ↗

Grandview Analytics has released a new post, "Are You Ready For AI?" In this piece Grandview feels that particularly for smaller enterprises or startups, it all starts with data. Clean, accessible, and organized data lays the foundation for successful implementations of AI, machine learning, data science, and predictive analytics. ↗

Alkymi has released a new blog, "Minimize hallucination risk while maximizing LLM output". Alkymi discusses how LLMs excel in a wide spectrum of language-related tasks, from translation to summarization, text generation, and more. A hallucination is when an LLM confidently responds to a user prompt with information that is incorrect or nonsensical. ↗

MSCI has released a new article, "The Rise of AI Companions: No longer science fiction". MSCI feels that AI companions, are quickly becoming a primary application for generative AI. The more common forms of AI companions already in existence, like chatbots and smart assistants, are transforming the way we interact with technology. ↗

Dynamo has published a new blog, "Four Actions for Investment Advisers of Private Funds to Take Now as New SEC Rules Impact Alternative Assets in Five Key Areas". As the rules go into effect in November 2023, private fund advisers must quickly begin to understand how the updated requirements will affect their firms and business practices. In this blog, Dynamo discusses five important takeaways from the new rules, followed by four key actions to take now. ↗

Allvue has released a new report, "What is Fund Finance?" Fund finance refers to the class of credit extended by institutions to alternative asset managers to capitalize their funds. In this piece, Allvue breaks down the history of fund finance, explores the opportunities and challenges the market presents, and explains how purpose-built fund finance software will become increasingly essential. ↗

Mend.io has released a new blog, "Let’s Embrace Death in the Software Development Lifecycle". In this blog Mend.io discusses the lifecycle of software development and how there is no obvious place where the "death" of software occurs. ↗

ShareVault has published a new blog, "Exploring the latest Trends in Cybersecurity". ShareVault feels that AI and Machine Learning have emerged as game-changers in the realm of cybersecurity. AI and ML algorithms are employed to analyze massive amounts of data, detect patterns, and identify anomalies, thereby enhancing threat detection and response capabilities. ↗

AWARDS

The winners of The Private Equity Wire US Awards have been announced. These awards were created to recognize excellence among private equity fund managers and service providers in the US across a wide range of categories.

Winners from our Vendor Profiles database include:

Best Secure Work-flow Management Provider – SUBSCRIBE
Best Accounting and Reporting Solution -- LemonEdge
Best Portfolio Management Software – 73 Strings
Best ODD Solution – Dasseti
Best New Solution Provider – Altvia
Best Cyber Security Provider – Drawbridge
Best Data Management Solution – Canoe Intelligence
Best Data Provider: ESG – RepRisk
Best Data Provider: Overall – DealCloud by Intapp
Best Deal Origination Technology – Grata
Best ESG Advisory – Novata
Best ESG Solution Provider – MSCI
Best Fund Administrator- Large Managers – IQ-EQ
Best Fundraising Solution – SS&C Intralinks
Best Regulatory & Compliance Firm – Kroll
Best Risk Management Software Provider – Validus Risk Management

Congrats to all the Winners!! ↗

Hedgeweek & Private Equity Wire have announced the winners of the European Credit Awards 2023.

Winners from our Vendor Profiles database include:

Best Compliance Service - Fund Domicile - IQ-EQ
Best Data Provider - Overall - PitchBook Data
Best Data Provider - Analytics & Insights - DealCloud
Best Deal Originiation Solution - AtomInvest
Best Fund Accounting and Reporting Software - Dynamo Software
Best Middle Office Services - SS&C Technologies
Best Portfolio Management System - FIS
Best Valuation Service - Chronograph
Best New Solution - Oxane Partners

Congrats to all the Winners!! ↗