This Week’s Vendor News

NEW & UPDATED PRODUCTS

Broadridge has launched OpsGPT, a new capability for operations users, analysts, and management teams to update their operations across the post-trade lifecycle. Powered by GenAI and LLM technology, OpsGPT uses transactions, settlements and positions data to provide clients real-time visibility for faster fails resolution, researching next best actions and prioritizing key risk items in a single interface. This new product is a direct response to industry and regulatory changes. ↗

Apex Group has unveiled its brand new sustainability and ESG services brand, Holtara. Holtara offers a range of solutions that can support users in achieving ESG goals by staying compliant with regulation, to assessing performance and creating value. ↗

Tactyc has introduced Ratio Analysis on KPIs. Tactyc can now automatically compute ratios using the KPIs collected from portfolio companies. Users can select a numerator KPI and a denominator KPI and Tactyc will generate ratios over the time period of KPIs collected for each portfolio company. ↗

Caja de Valores, Argentina’s Central Securities Depository (CSD) has launched a new technology platform using Nasdaq’s CSD technology. The launch is the culmination of a multi-year, major change program, which began with Caja de Valores recognizing the potential benefits of modernizing its legacy infrastructure to support the continued growth and institutionalization of Argentina’s capital markets. The core platform went live in September 2023, with more asset classes and additional functionality incorporated ahead of its formal launch in January 2024. ↗

Northern Trust enters 2024 with newly acquired ESG capabilities courtesy of its recent investment in Novata. Northern Trust’s clients now have access to sustainability data and analytics to help them assess their portfolios. ↗

Intelligo has updated its website. The new website showcases all of the services Intelligo provides including due diligence, continuous subject monitoring, and executive background checks. ↗

Tegus has launched a new feature on its platform. Top Investor Questions is Tegus' latest AI -powered feature designed to help users understand companies faster, increase investable universe, and help pick the best company for an outsized return. This new feature constantly scans thousands of pages of expert transcripts to surface the most important takeaways for a business– without needing prompts. ↗

ValueWorks has announced a few new features that dropped on its platform in 2023, which include: enhanced Investor Reporting, Dynamic Dashboards 1.0, and Custom Charts. New features coming in 2024 include: Co-Pilot with AI, versatile Forecast models, and an improved financial dashboard. ↗

Owlin has launched a new feature called Cases, which is designed to foster collaboration among risk professionals within a team. Owlin's Cases feature changes the way risks are tracked and addressed, simplifying the process by flagging, discarding, and grouping articles. ↗

Altvia has introduced its ShareSecure Workspaces, where users can connect multiple portal or data room instances to its AIM CRM and distribute documents to distinct workspaces with its Investor Correspondence solution. This new feature will help users: Manage and distribute sensitive information based on specific business use cases, will allow portal and data room custodians by securely segmenting data, will Increase visibility into LP activity across multiple portals and enhance your LP's portal experience. ↗

Dealroom.co has unveiled its latest update: the all-new Sectors Page. The Sectors Page will give insights and the latest trends within emerging sectors and will also allow users to discover Dealroom's tech taxonomy. ↗

Affinity has announced six new updates to its platform. First, they have launched API V2, so users can accelerate data pipelines and expand the capabilities of their CRM data. Affinity has also launched Notetaker, which automates meeting notes and transcripts synced to Affinity CRM. They have also unveiled Collaborator Seats to easily and securely share talent, investor, and deal lists with collaborators. The next is Inferred Connections, which has grown to include potential connections based on shared work experiences with people at company’s users are interested in. The next update is Employee Growth Insights, where users can access an interactive module featuring Affinity Data to company profiles to track hiring trends and employees composition in the companies users are interested in. And lastly Formula Fields has been updated to perform simple calculations directly within users lists and create formulas that update as deals progress. ↗

Affinity has also released three new features on its platform for external collaboration, scalable calculations, and profile insights. These are: Collaborator Seats - share data securely with external partners. Formula Fields - save time by making calculations in Affinity lists. Employee Growth Insights - make employee growth data more actionable. ↗

DEAL ACTIVITY

Verivend has received investment from Launch NY as part of a larger seed extension round. Launch NY is investing $50,000 from its nonprofit Seed Fund into Verivend and is now featured on Launch NY’s Investor Network, a network of more than 300 accredited investors who are committed to backing startups in Upstate New York. ↗

BlackRock has plans to buy Global Infrastructure Partners for $12.5 billion. The deal includes $3 billion in cash and 12 million BlackRock shares and once the deal closes, the firm will hold approximately $150 billion in infrastructure assets across a diverse portfolio. ↗

PARTNERSHIPS & INTEGRATIONS

TagniFi adds Salesforce integration for better M&A workflows. This new integration will help users send private equity profiles and contacts directly to Salesforce without needing to download and upload CSV files. ↗

AssetMetrix has partnered with Proof, to offer asset managers an integrated SFDR solution. Founded in 2019, Proof is a data-driven impact intelligence platform, which makes impact data accessible to maximize return on investments with Impact-as-a-Service. ↗

Apliqo has signed a new partnership agreement with Hendricks, Rost & CIE, a German that works to implement business intelligence solutions for corporate management teams. In addition to Apliqo UX, Hendricks will also be introducing some other Apliqo products such as Apliqo FPM and Apliqo C&C to their clients. ↗

LoopFX and FactSet have announced plans to integrate LoopFX into FactSet's Foreign Exchange execution management system, Portware, in early 2024. With this integration, FactSet will embed LoopFX's Peer-To-Bank’ matching engine technology into Portware, providing FactSet’s clients easy access within their existing workflows directly on their trading screen. ↗

AtomInvest has announced that Monograph Capital is its newest client. Monograph invests in life sciences companies that seek to create new therapeutics and healthcare related technology-enabled business services. Atominvest supports Monograph Capital across Investor CRM, Dataroom and Portfolio Management. ↗

Schroders Personal Wealth has selected SS&C for Transfer Agency. Schroders Personal Wealth is the financial planning joint venture between Schroders plc and Lloyds Banking Group. SS&C will provide fund registry, investor services and digital solutions for the full range of Schroders' funds. ↗

Foenix Partners has chosen Atfinity for help with end-to-end onboarding and integrations. Foenix Partners is an FX and commodity brokerage firm based in London. ↗

The SILC Group has selected Pacific Fund Systems PAXUS fund administration system for its third-party fund administration business operations. The SILC Group is a specialist Australian based professional trustee and fund administration business focusing on alternative investment assets. ↗

ValueWorks has been chosen by Navigator Group to help with inconsistencies in Navigator's investor reporting, which lacked standardization and real-time insights. By collaborating with ValueWorks, Navigator introduced a reporting template, implemented prioritized dashboards and KPIs, and enabled data availability. ↗

Alkymi has been selected by Thompson Street Capital Partners, a private equity firm based in St. Louis, to expedite their data review processes utilizing Alkymi’s new generative AI product, Alpha. TSCP selected Alkymi and their Alpha product, for their ability to expedite data review and processing, as well as extend the types of information that they were able to capture. ↗

Edda has been chosen by Satgana to manage their planet-positive investments. Satgana is a Climate Tech Venture Capital firm based in Paris. Edda provides Satgana will deal data collection, managing deal flow and portfolio management. ↗

HIRING & PERSONNEL

FIS has announced that Ramkumar Narayanan has joined the company as Executive Vice President, Head of FIS India and Philippines Technology and Services Organization. Most recently Narayanan was VP Technology & Managing Director at VMware. ↗

Suzanne Casey has joined Northern Trust Asset Management as Co-Head of the Wealth Client Group. Casey brings 30 years of sales and leadership experience to this role, and will co-lead the Wealth Client Group with Sunitha C. Thomas. Most recently, Casey was Managing Director and Head of Sales and Distribution at Hilton Capital Management. ↗

IQ-EQ has announced that Mattias De Mol, previously its Business Director for Luxembourg, has been appointed into the new role of Regional Head of Sales Operations for Continental Europe. Prior to joining IQ-EQ, De Mol was Head of Business and Relationship Development and Client Service Management at Fundsquare. ↗

IQ-EQ has also appointed John Gout as its new Continental Europe Sales Director for Funds & Institutional Asset Owners. Gout has joined the company from BNP Paribas where he was Senior Business Development Manager, responsible for sales management, client relationship development and project management. ↗

IQ-EQ has additionally announced that Bram Eijsbouts’ role as Chief Commercial Officer for Luxembourg has been extended to include the Netherlands. As its CCO for Luxembourg and the Netherlands, Eijsbouts is now responsible for driving IQ-EQ's cross-segment commercial agenda across both jurisdictions. ↗

Sebastien Rolland has joined 73 Strings as Associate VP in London. Rolland has experience in managing complex digital solutions implementation for alternatives investments funds. Most recently, Rolland was a Senior Implementation Consultant at S&P Global. ↗

Gareth Parsons has joined LemonEdge Software as SVP Implementation. Most recently Parsons was Director - IT and Product Development Director at Colmore. ↗

Evan Mikaelian has been promoted at FactSet and is now a Consulting Manager. Mikaelian has been with FactSet for almost 4 years. ↗

Timothy Eberle has been promoted at Citco and is now Managing Director - Waterfall Services. Eberle has been with The Citco Group for over 14 years. ↗

Lisa Kurtz is the new Business Development Manager at OneTrust, based in Madrid. Most recently, Kurtz was the Business Development Manager at Protex AI and has also worked at Salesforce and DucSign. ↗

Bain & Company has elected Christophe De Vusser to serve as the firm’s new Worldwide Managing Partner (Chief Executive Officer), effective July 1, 2024. De Vusser will succeed Manny Maceda, who is currently serving his second three-year term as Bain’s Worldwide Managing Partner. De Vusser currently serves on the Bain’s Board of Directors and multiple Board committees and leads Bain’s work with its Private Equity and Financial Investors practice in EMEA. ↗

AlphaSense has welcomed Saria Nazneen, who's joined the company as a Talent Acquisition Partner. Prior to joining AlphaSense, Nazneed was a Talent Acquisition Specialist at Meta. ↗

SS&C has welcomed Debra Walton-Ruskin as a new independent director to its Board of Directors. Walton-Ruskin spent her career in financial data, data operations and executive leadership roles. Prior to joining SS&C, Walton-Ruskin served as the Chief Revenue Officer at the London Stock Exchange Group, following LSEG's acquisition of Refinitiv. ↗

Drawbridge has appointed Lou Cordone as head of Client Success. Cordone will oversee the company’s information security advisors and cyber program coordination teams. Prior to joining Drawbridge, Cordone was Senior Vice President - Data Strategy at AST, which is now EQ. ↗

VENDOR WHITEPAPERS

ShareVault has posted a new blog, "Best Practices for Setting Up a Virtual Data Room". In this piece ShareVault discusses 10 best practices for setting up a VDR. ShareVault feels that to ensure the utmost security, efficiency, and professionalism, following best practices when setting up a virtual data room is paramount. ↗

Moonfare has a new piece, "Fund Lifecycle: Formation". In this post, Moonfare discusses what fund formation is, how long it takes and what the different stages of formation are. ↗

Pitchbook has released a new article, "Heat is on for PE exits to rebound in 2024". Pitchbook feels that advisers to private equity firms are optimistic about a rebound in exit activity this year. Pitchbook believes that several factors have contributed to the urgency to exit, which are discussed in this article. ↗

Dynamo has a new Whitepaper, "ROI Primer for Asset Managers". This white paper highlights key considerations for evaluating fund management software, as well as the quantitative and qualitative ROI. ↗

Dynamo has also posted a new blog, "Solve For These 3 Challenges When Measuring the Performance of Alternative Assets". In this piece, Dynamo states that LPs and GPs may encounter a long held challenge - capturing accurate and timely data when analyzing alternative assets’ performance. Dynamo believes that a multitude of metrics, analyzing risk, and wrangling data are three key challenges alternative investors must solve for. ↗

Nth Round has posted a new blog, "The Corporate Transparency Act: Navigating the New Landscape of Beneficial Ownership Reporting". This blog serves as a comprehensive guide to the Corporate Transparency Act, since it was implemented on January 1 2024. ↗

Drawbridge has a new blog, "How Family Offices can preserve assets and mitigate cyber risk in 2024". In this piece Drawbridge explains that as Family Offices look to preserve asset values and safeguard their reputation, a lack of adequate cyber controls remains as one of the most significant financial and operational risks. ↗

CEPRES has a new post, "The Role of High-Quality Data in Private Market Investments". In this piece, CEPRES states that private market investors operate in an environment with less public scrutiny and information compared to public markets. Reliable data empowers investors to make well-informed decisions by providing insights into key performance indicators, financial metrics, and market trends. ↗

OneTrust has posted a new piece, "An AI inventory: your first step towards compliance and control". OneTrust feels that setting up your AI inventory and getting an understanding of where AI is used in your business is a key first step in your AI governance program. ↗

Astrella has published a new blog, "What is a 409A and When Do You Need One?" In this blog post, Astrella discusses what a 409A is, how to define non-qualified deferred compensation, the regulations outlined in IRC 409A, determining the fair market value for stock options, and common misuses of 409As. ↗

SimilarWeb has published a new blog, "2024 Digital Marketing Trends: The 7 You Want to Know About". In this piece, SimilarWeb outlines some of the 2024 digital marketing trends users want to be considering for strategy. These trends include: 1) User-generated content marketing. 2) Hyper-personalization 3) AI and 4) Human content and storytelling. ↗

DiligenceVault has published a new blog, "What is an Investor Relations Technology Stack for Asset Managers / GPs?" In this piece, DiligenceVault discuses an investor relations tech stack is and what does it actually cover. ↗

IDR Group has published a new blog, "KYC in 2024 – trends, challenges and opportunities". IDR feels that from a private markets perspective these trends are of particular significance with the ongoing democratization of the asset class increasing the KYC challenge with a wider pool of investors encompassing retail and HNWIs. ↗

Hyperscience has published a new article, "Designing AI Legislation: Balancing Regulation and Innovation". In this piece Hyperscience explains why it feels that the government should regulate AI use cases, not tech development, for a balanced approach to innovation and safety. ↗

Cygnetise has posted a new blog, "Sealing the digital deal: The evolution of e-signatures from digital stamps to Adobe’s Digital Identity Gateway". In this piece, Cygnetise states that Adobe's Digital Identity Gateway has revolutionized e-signing, transforming it from simple digital stamps to a secure, identity-verified authorization process, pivotal for regulated sectors like financial services. ↗

qashqade has published a new blog, "Understanding private markets contracts: an insightful analogy". In this piece, qashqade uses a 'Once Upon A Time..." analogy to explain how A Limited Partnership Agreement (LPA), serving as a contract, is made and used. ↗

qashqade has published a second new blog this week, "Understanding private markets contracts: an insightful analogy". In this piece, qashqade uses a 'Once Upon A Time..." analogy to explain how A Limited Partnership Agreement (LPA), serving as a contract, is made and used. ↗

Astrella has posted a new article, "What Is a Single vs. a Double Acceleration Trigger?" This piece explores the differences between single and double-trigger acceleration, outline each type’s advantages and disadvantages, and recommend the best type for a given business. ↗

AWARDS

The Modern Sales Leader Award Winners have been announced and Ang McManamon - VP of Sales at Crunchbase is a winner. McManamon is currently the VP of Revenue at Crunchbase, where she leads a high-growth team of SDRs, AEs, CSMs, Rev Ops, and Marketing. She previously served as a sales leader for Amazon, Knotel, and Stack Overflow. ↗

A number of vendors from our Vendor Profiles database has be named in Built In’s Best Places to Work 2024 Winners.

Winners include (alphabetically):

Addepar - New York Best Midsize Places to Work, San Francisco, CA Best Midsize Places to Work, Chicago, IL Best Places to Work and Chicago, IL Best Midsize Places to Work

CAIS - New York Best Midsize Places to Work, Los Angeles Best Midsize Places to Work, Austin Best Midsize Places to Work. They also won for: New York Best Places to Work, Los Angeles Best Places to Work, Austin Best Places to Work.

Canoe - New York Best Startups to Work For

Crunchbase - San Francisco Best Places to Work

iCapital - New York Best Places to Work

Congrats to all Winners! ↗