This Week’s Vendor News

NEW & UPDATED PRODUCTS

Position Green has launched a new ESG Due Diligence product. This new ESG DD module includes 30 ESG measures based on best practices, identifies pre-mitigation risk levels based on management responses and recommends mitigation action items with project management features. ↗

Preqin has introduced Transaction Intelligence, which is a repository of $4tn worth of private capital transactions powered by customizable analytics. Transaction Intelligence enables users to: 1)Review ~50k private market deals across industries, geographies, deal type, performance, and operating metrics. 2) Analyze deal and asset-level performance – including TVPI, RVPI, IRR, and multi-stage operating metrics. 3) Create and customize charts such as box plots, risk return, TVPI composition, loss ratio, multiple trends, and correlation analysis. 4)Build value bridge analysis to see how value was created from entry to exit for your selected cohort. Transaction Intelligence works by Preqin extracting data directly from fund manager portfolio reports, then aggregating and anonymizing it to create up-to-date and reliable repository of transaction intelligence. ↗

Attio has launched Reporting 2.0. This new release includes updates to its reporting system, such as a whole new building flow, new configurations, refreshed designs, and more. First, Attio has overhauled its report builder by including five key report types, each with their own unique configuration and new features. These new report types mean users can now identify and build any report they need, quicker than ever. Additionally, the redesigned report building flow now starts with selecting the data source, rather than choosing a chart type upfront. This allows users to focus on the data they need to analyze. There are also intuitive visualizations, improved historical reporting and data exploration. ↗

Alto has started a marketplace for 'difficult-to-access' private investments, called Alto Marketplace. Alto Marketplace will give investors access to several alternative investment funds available through its registered broker/dealer affiliate, Alto Securities. Alto Marketplace is initially geared toward investors with accredited, qualified purchaser and qualified client status, the program includes funds focusing on farmland and whiskey. ↗

Zapflow has launched a new universal search feature on its platform to streamline workflow. Features include: quicker and more accurate searches, easy access with keyboard shortcut (Ctrl + K ) and improved flexibility in search. Zapflow's algorithm now identifies close matches to search terms, even catching typos, for more relevant results. And Zapflow plans to include searches within tags, fields, documents, and email content in future updates. ↗

Atfinity has introduced a new commenting feature on its platform. Users can now directly comment on provided information or created people and companies. This improves case collaboration and allows users to have conversations about specific data points directly in context. ↗

iCapital has launched the first fund leveraging iCapital’s new Distributed Ledger Technology. The inaugural fund, which is available through UBS Wealth Management and administered by Gen II, will use iCapital’s technology to optimize fund management and operations across the alternative investment ecosystem. iCapital’s DLT aims to foster a secure, efficient alternative investment management environment, connecting financial players and allowing for seamless data sharing and transaction processing. ↗

Apperio has debuted two new features on its platform to help businesses harness and interpret data within the legal sector. The first new feature is the implementation of three tiers of data collection: Tier 1 - Real-Time Data Connections, Tier 2 - Long Tail Data Collection and Tier 3 - Invoice-Only Data Collection. Additionally, coming soon are second generation AI/ML capabilities to address the whole e-billing market. ↗

OneTrust has unveiled its latest platform release with new features. The new platform capabilities are designed to help users accelerate the use of AI through responsible data activation while managing and reducing data risk. First, is data discovery, to enhance data classification and streamline policy enforcement. The others are: scaling resources with Compliance Automation, accelerate responsible AI adoption with AI Governance and simplify regulatory analysis with DataGuidance. ↗

PitchBook has launched PitchBook Credit. PitchBook Credit, powered by LCD, is a database of credit news, research, and data covering US and European leveraged loans, high-yield bonds, private debt, and CLOs. When using PitchBook Credit, users can strengthen their credit analysis, market intelligence, debt deal sourcing, and portfolio allocation workflows. PitchBook Credit includes LCD Credit News, LCD Credit Research, LCD Credit Data and Morningstar Leveraged Loan Indexes. ↗

Visible AI has unveiled its Visible AI Inbox. Visible AI Inbox allows investors to automatically parse and structure email updates they are receiving from founders. AI Inbox is fully integrated with the rest of Visible's portfolio monitoring and reporting tools to help build a centralized place for portfolio data. ↗

Bloomberg has made its proprietary alternative data now available alongside traditional enterprise content. For the first time, the Bloomberg Second Measure transaction data analytics feeds are now available via Bloomberg Data License. Data professionals and quantitative researchers can now seamlessly connect this alternative dataset with Bloomberg’s more traditional Data License content. Making Bloomberg Second Measure’s transaction data analytics available for use across the enterprise is Bloomberg’s latest step in developing solutions tailored for quant customers requiring new data solutions and technologies to help with their investment process. ↗

Dialllog has put forth a new feature on its platform, streamlined CC & BCC for bulk emails. Now, when sending bulk emails in Dialllog CRM, users can add CC and BCC recipients. This new feature, based on customer feedback, ensures all relevant participants are looped in, keeping everyone on the same page. ↗

Daloopa has launched a new podcast called InDaloop. In the debut episode, Andy Lee from Parallaxes Capital dives into the importance of data infrastructure in their research process, explaining how it can be a game-changer in the niche market of Tax Receivable Agreements. ↗

OneTrust has launched new platform capabilities and enhancements to help organizations discover, secure, and responsibly use data. Available as part of the company’s latest release, these innovations allow organizations to activate data responsibly, surface and mitigate risk, and navigate the regulatory environment. These upgrades include but are not limited to: The launch of OneTrust Data Discovery, which makes it simple to uncover potential security and compliance issues, automatically apply the right policies, and reduce data risk. An enhanced Data Policy Engine, that helps strengthen data security and compliance posture. Advancements to OneTrust AI Governance to help govern the use of AI without slowing down innovation. OneTrust IT & Security Risk Management now offers Dynamic Risk Workflows to reduce time spent manually reviewing risk from one workflow stage to the next, enforcing better data hygiene. Third-Party Risk Management, that allows users to streamline vendor evaluations and AI Governance with Third-Party AI Usage Tracking and Third-Party Due Diligence to keep your third-party ecosystem in check. ↗

AlternativeSoft has introduced AlternativeSoft Managed Services. This new solution is designed to bring AlternativeSoft solutions to life on the go, across multiple devices. Key benefits include: access to Fund Statistics and Peer Groups on any device, the ability to work anytime, anywhere with cloud integration and eliminate the need for expensive server hardware. ↗

GF Data has been working on improving its site functionality for subscribers and the new website will be ready to officially launch in June. The improved site will feature: new data, easier navigation and reports for subscribers that are live on the site. ↗

CB Insights has unveiled its AI-powered Personal Briefing. Your personal briefing is like having a team of researchers working around the clock to present the information that’s most important to you and your business—and to advise you on what to do about it. Your personal briefing is delivered to your inbox and always accessible on your CB Insights homepage. Your personal briefing combines three important aspects: Specific to you and your next action, full-spectrum/no blind spots and it runs on top of a proprietary, pre-vetted database, not just the public internet. ↗

Tegus has released its Big Tech Dashboard. This new dashboard showcases critical data and KPIs from eight mega-cap technology companies. Tegus' Big Tech Dashboard takes users beyond surface-level data, providing them with detailed financials, including stock returns, growth drivers, and forward valuation multiples. ↗

DEAL ACTIVITY

Venture to Future Fund, in cooperation with SLSP Seed Starter, has completed a €1 million Series A investment round, to support the global growth of Vestberry. This investment will help with Vestberry's expansion into the American market. ↗

Novata has received new investment to globally expand its sustainability solutions. Novata has received this new financing from returning investors Hamilton Lane and S&P Global, and new investor Motive Ventures. The newly secured funds will be directed towards the continuous development of Novata’s software platform to meet the evolving needs of the private markets, offer solutions tailored specifically for private companies, and support expansion to new geographies. ↗

Tenon, a marketing solution built on ServiceNow, has secured an $8 million Series A investment, co-led by High Alpha and StepStone Group, with continued investment from ServiceNow Ventures. The funding will support the expansion of the Tenon team and accelerate the company’s product roadmap, expanding from marketing work management into marketing automation to connect the entire lifecycle of marketing initiatives. ↗

PARTNERSHIPS & INTEGRATIONS

Decusoft has partnered with Paycor, a provider of human capital management software. With this collaboration, organizations utilizing Decusoft and Paycor will benefit from a seamless integration that enables data exchange between the two platforms. Users will have access to their Paycor data in Compose for seamless compensation planning and execution. ↗

Luminary and SS&C's Black Diamond Wealth Platform have integrated to streamline trust & estate planning. Luminary’s partnership with SS&C allows advisors to sync data to Luminary so they can visualize and manage trust & estate strategies for their clients. By bringing together Luminary and SS&C, advisors can sync their client profiles and entities in Luminary with existing Black Diamond portfolios, which ensures trust and estate plans have up-to-date asset and account values, enabling advisors to provide timely and accurate advice. ↗

CAIS is expanding its relationship with Blue Owl Capital by bringing a new strategy to the CAIS platform. With over $174 billion in aum, Blue Owl focuses on providing private capital solutions to the firm's investors and users of capital to drive long-term growth. Blue Owl Capital, founded in 2021, invests across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. ↗

Attio has announced its integration with Polytomic. Polytomic is a no-code platform for two-way ETL and data syncing. With this new integration, users can enrich data, run ETL, perform reverse-ETL, pull in product data and set up two-way data syncs. ↗

Addepar has welcomed SMArtX to its partner program. SMArtX Advisory Solutions is a provider of managed accounts technology, offering solutions designed to modernize outdated legacy technologies across the financial services industry. Now users can analyze 3rd party managers, compare strategies and optimize client portfolios. Additionally, users can now analyze drift, generate orders and perform pre-trade review, including tax impact analysis. ↗

Alecta Occupational Pension, a European pension fund with 110 bn EUR in AUM, has selected FactSet’s multi-asset class risk and performance services to provide a unified solution for all aspects of Alecta’s portfolio analytics. FactSet will help Alecta's core operations while providing flexibility to conduct ad-hoc risk analysis, portfolio decomposition, stress-testing, ESG reporting, and more. ↗

Corient Private Wealth has chosen Addepar as its central platform for client portfolio data aggregation and performance reporting. Corient Private Wealth is a US wealth management firm serving high- and ultra-high-net-worth clients. Addepar will be the exclusive portfolio data aggregation and performance reporting solution across Corient's client portfolio of $160+ billion in assets. ↗

Allvue Systems has been picked by BGV to provide investor relations software solutions. BGV is an early-stage venture capital firm based in Silicon Valley focusing on global Enterprise 4.0 technology innovation. Allvue’s solutions will streamline BGV's investor relations and prospective investor communications efforts through the delivery of Allvue Investor Portal. BGV will also serve as an early adopter for Allvue’s Fundraising Portal, a new solution coming soon to the broader market. ↗

Gryphon Fund Group, an Ohio-based fund administrator, has selected FundGuard as its primary accounting book of record for its open-end fund client base. This decision will provide transparency, scalability, and operational resilience in support of Gryphon’s growth plan. By implementing FundGuard’s ABOR solution, Gryphon aims to optimize its accounting processes and scale its operation. ↗

Inex One is now providing support to Adepto Partners, a Stockholm-based management consultancy. Inex One has been hired to run expert interviews and surveys for projects. Inex One’s range of suppliers and efficient technology helps Adepto get market insights in a cost-effective way. By choosing Inex One, Adepto Partners can control cost and compliance, be more efficient and automate knowledge management. ↗

Addepar has welcomed Markdale Financial Management as a new client. Markdale is a fintech company based in Toronto that provides family office services. ↗

Canoe Intelligence has a new client engagement with Toronto-based, Prime Quadrant. Prime Quadrant has engaged Canoe Connect to automate its alternative investment document collection workflow and Canoe Intelligence to systematize its data extraction processes. With this engagement, Prime Quadrant will be able to automate 90% of data processes with Canoe Intelligence. ↗

Ezdehar Management has chosen PE Front Office to enhance its alternative investment process. Founded in 2015, Ezdehar Management is a a private equity fund manager in Egypt. ↗

Northern Trust will provide asset servicing solutions, including global custody, fund administration and portfolio analytics services, to Equip Super, a player in the Australian Superannuation industry. Equip Super chose Northern Trust as its new custodian based on their global services and product offering and competitive fees. ↗

OFFICE & PERSONNEL

Affinity’s new CEO is Ken Fine. Shubham Goel and Ray Zhou will be stepping down from their co-CEO roles and remain focused on Affinity as co-founders and board members. Prior to Affinity, Fine led growth at Heap, where he helped developed technology and GTM execution to drive market leadership and revenue growth. Before Heap, Fine played a role in leading both Medallia and Financial Engines through periods of expansion, culminating in IPOs and revenue milestones exceeding $200 million. ↗

Morningstar has announced that Rod Diefendorf will be appointed the next leader of PitchBook as President and Chief Operating Officer. Diefendorf will report to Morningstar CEO Kunal Kapoor. This appointment comes after PitchBook Founder John Gabbert announced his plans to depart last week. Diefendorf has been COO of PitchBook since 2016 and has nearly 30 years of experience driving growth and increasing shareholder value at startups and large corporations in the technology sector. ↗

Matt Guy has been appointed to lead Holland Mountain’s AI professional services for private capital firms. Guy was most recently a Director at Hermes GPE and brings experience working with c-suite executives and private capital managers. He has delivered strategic initiatives and digital transformation, as well as experience in implementing AI tooling for private markets firms. ↗

Private Equity Info has hired a new sales representative, Madeleine Boos. Boos will be focused on reaching out to firms that could benefit from PEI's M&A research database and reconnecting with past clients to share details about its new features and data. ↗

Ben Hemingway has joined SESAMm as Sales Director, UK. Hemingway was previously
Senior Vice President, Business Development at MDOTM and has also spent time at Nasdaq and Preqin. ↗

Andrew Elder has been promoted at IQ-EQ to the role of Chief Commercial Officer for Guernsey. Elder has been with the company for the last five years and has worked in financial services for over 20 years, primarily in the Funds sector. ↗

Yiwen Fan has been promoted at Assette to a Senior Client Consultant. Fan has been with Assette for the last year. Previously she was a Business Development Assistant Manager at Asset Management One in Tokyo. ↗

ERM has appointed Liam Walsh as its new Chief Commercial Officer. Walsh will lead ERM's market teams and will enhance value creation for clients in support of the firm’s strategic objectives. Walsh joins ERM from KPMG, where he spent 16 years in a variety of senior leadership roles with a focus on business transformation and growth. ↗

Apex Group is expanding across the Middle East with new office in Saudi Arabia. Apex Saudi Arabia will provide a full range of financial services and solutions including managing, advisory and operating. ↗

VENDOR RESEARCH & WHITEPAPERS

Hypercore has a new blog, "How Loan Management Software Streamlines Operations and Reduces Costs". In this blog, Hypercore writes that streamlining operations, automating processes, and providing valuable insights through analytics, loan management software enables lenders to cut operational costs and improve overall efficiency. ↗

FundCount has a new blog, "Why Ignoring a Unified General Ledger Can Cost You Clients". Key takeaways from this blog include: financial silos are just as problematic as typical data silos, a unified general ledger system provides a single source of truth for financial data and cloud/AI enhance the unified general ledger. ↗

Aumni has a new blog, "Valuations and momentum in 2024". Aumni states that data shown from the start of 2024 presents a market that is still finding its footing but feels that there are some indications of normalization in early-stage financings. ↗

Acuity Knowledge Partners has a new blog, "Why spotting negative news matters for financial institution". In this blog, Acuity lists four things that can happens when you miss negative news and how the company can help. ↗

Arcesium has a new blog, "Future-Proof Your Firm’s Middle- and Back-Office Operations". Arcesium feels that the true value of a digital transformation for investment firms lies in modernizing their middle- and back-office systems, which helps improve long-term competitiveness, cost-efficiency, resilience, security, and compliance protocols in a constantly changing regulatory landscape. ↗

RelPro has a new blog, "Drive Deeper SMB Banking Relationships by Becoming a Trusted Advisor". In this blog, RelPro goes over what is a trusted advisor and the best practices to become one. ↗

SS&C has a new whitepaper, "On to the Next Chapter:What You Need to Know When It’s Time to Wind Down a Fund". SS&C states that if properly planned and executed, an orderly wind-down can open the door to new opportunities for both GPs & LPs. This whitepaper details the issues that need to be addressed to ensure a smooth transition. ↗