This Week’s Vendor News

NEW & UPDATED PRODUCTS

Delio launches ‘Core Lite’ to improve digital client experience in private markets. Delio Core Lite is a modularized solution designed to help smaller firms digitize their private market offerings and open up the potential for a well rounded client experience. Designed as an entry point into the Delio ecosystem, Core Lite enables boutique wealth managers, GPs, distributors and investment service providers to compliantly offer investment products to their client base. This new platform offers a cost-effective solution for firms looking to take the first step in building new capabilities or modernizing their existing private market propositions. Furthermore, the modularized nature of the Delio Core operating system enables “hub and spoke” solutions to be delivered via Core Lite, helping distributors unlock B2B2C channels. This solution can be further utilized to help service providers deliver multi-platform infrastructures that enable clients to have their own white-label capability within an interconnected ecosystem for the sharing of data and managing large volumes of clients within a consistent framework. ↗

Yieldstreet is launching Yieldstreet 360 Managed Portfolios, an automated private markets investing solution. This new solution is designed to remove traditional barriers to private markets, offering diversified exposure to private equity, private credit, and real estate. Yieldstreet 360 Managed Portfolios are expected to feature investments from Goldman Sachs Asset Management, Carlyle, and StepStone with strategies advised by Wilshire. Yieldstreet 360 builds and manages diversified private markets portfolios that span thousands of underlying assets, addressing the high investment minimums, complex structures, and limited access points that have kept individual investors on the sidelines for too long. Investors can select from multiple strategies that align with their specific goals, with options ranging from income-focused to growth-oriented approaches. Each portfolio provides automated investment management, rebalancing, and real-time performance tracking without requiring investor involvement. Yieldstreet 360 will be available to accredited investors later this year. ↗

Sonata One enhances its tax capabilities with two new services. These two new tax services are: 1 - Next Generation Tax Form management (including W-Form automation) and 2 - Withholding tax services. These allow for a streamlined process for both investors (generate forms directly from their profile) and fund managers (achieve scalable global compliance). These two new services were developed in-house by Sonata One’s tax technology team to address operational pain points in private markets tax compliance. ↗

Ideals unveils recent platform enhancements to improve the speed, security, and efficiency of deal execution. New features include: AI-driven redaction, version tracking, document translation, and advanced search, enabling dealmakers to streamline workflows and improve decision-making. ↗

Similarweb introduces new updates to its platform from March. These new features are: 1 - AI Chatbot Traffic, 2 - New Search Overview page, 3 - New Demand Analysis homepage, 4 - AI autotagging in Rank Tracker, 5 - New Search 3.0 API Endpoints, 6 - Ranking Distribution in Search 3.0, 7 - Similarweb's search Intelligence tool now shows Year over Year keyword performance, 8 - NAICS/SIC Codes Filters and 9 - Hubspot plug and play. ↗

Private Equity Info releases six platform enhancements during Q1 2025. These new features are: 1 - Improved Search and filters: Refine portfolio company results with a new private equity firm filter, multi-select search criteria, and access other new filtering & sorting tools. 2 - Improved User Experience: User experience updates were implemented throughout the platform, including improved table views for add-ons, NAICS codes, portfolio companies and executives. 3 - New Dataset: Investment Bank Related Deals- Identify relationships between investment banks and portfolio company transactions. 4 - New Dataset: M&A Law Firms-Search the database for law firms involved in M&A deals and identify key relationships. 5 - Enhanced Exports-View portfolio company business descriptions & private equity acquisition criteria columns in Excel, and export private equity firm profile PDFs. 6- Improved Dataset: Private Equity Executive Dataset-See a list of portfolio companies where an executive has led a transaction. ↗

FINTRX adds to its platform with a new 'Producing Advisor' field. This new feature is powered by AI and verified by FINTRX's research team for accuracy. This feature spotlights only active advisors. ↗

Addepar unveils a new feature on its platform. The new Addepar Portal updates features seamless Portal Views and Dashboards with an enhanced design and custom firm branding. ↗

DEAL ACTIVITY

Apex Group is acquiring Flow. The addition of Flow adds 15 employees and assets under administration of $17bn to Apex Group. This acquisition builds upon the pre-existing partnership between Apex Group and Flow, which culminated in the launch of Apex Ventures. Benefits of this acquisition include: 1 - End-to-end private markets infrastructure: Users will now have access to an all-in-one solution that streamlines investor onboarding, data management, entity administration, and compliance. 2 - Enhanced efficiency and transparency: By embedding Flow’s digital platform into Apex Group’s fund administration and middle-office services, clients will benefit from real-time insights, automation, and improved reporting capabilities. 3 - Scalability for fund managers: The combined offering enables funds to scale fast while reducing administrative burdens. ↗

Clearwater Analytics is acquiring Beacon and Blackstone’s Bistro to deliver investment intelligence across private markets. Clearwater has entered into a definitive agreement to acquire Beacon, a next-generation platform for cross-asset class modeling and risk analytics for derivatives, private credit and debt, structured products and other alternative assets. Clearwater also announced a definitive asset purchase agreement to acquire Bistro, Blackstone’s proprietary portfolio visualization software platform built for Blackstone’s Credit & Insurance business. Once these acquisitions close, the Clearwater platform will utilize a single security master and a unified data plane across all asset classes, business functions, and clients—including portfolio modeling, pre-trade compliance, trade execution, risk and performance management, accounting, post-trade compliance, and regulatory reporting. Clearwater is acquiring Beacon for an aggregate purchase price of approximately $560m, 60% of which will be paid in cash, with the remainder to be paid in shares of Clearwater Class A common stock. The purchase price for the Bistro software is $125m, of which $10m will be paid in cash and the remainder will be paid in shares of Class A common stock. ↗

Dealstack closes $5.5 million seed funding round. The company has received investment from current and former professionals at Paul Weiss, Kirkland & Ellis, Latham & Watkins, KKR, CVC, TA Associates, Goldman Sachs and others. This new funding will help unlock AI and agentic workflows in private capital operations. ↗

Bain Capital to acquire Sizzling Platter from CapitalSpring in $1bn+ restaurant platform deal. Bain Capital has reached an agreement to acquire Sizzling Platter, a multi-brand restaurant platform, from private equity firm CapitalSpring in a transaction exceeding $1bn including debt. Jefferies and UBS have committed to finance the buyout. ↗

Intapp will acquire TermSheet, a software provider for real estate teams. Bringing together Intapp DealCloud and TermSheet, the unified solution will provide an advanced operating system for every aspect of the real assets investment lifecycle. Once launched, the unified solution will be made available to current DealCloud and TermSheet clients, without the need for additional purchase. Using data-driven insights and applied AI, the solution will foster firm growth by streamlining operations and accelerating execution of investment strategies. Intapp will also welcome the TermSheet team, including founders Roger Smith and Sahil Rattan. The transaction is subject to regular and customary closing conditions and is expected to close within the next 45 days. ↗

Bain Capital invests $825m in Lincoln Financial. This transaction includes a 10-year, non-exclusive investment management relationship under which Bain Capital will manage assets across private credit, structured products, mortgage loans, and private equity. The partnership provides Lincoln with direct access to Bain’s private market strategies. Lincoln Financial will use the capital to accelerate its growth strategy. Proceeds will support the expansion of spread-based earnings, strengthen asset sourcing capabilities, and optimize Lincoln’s legacy life insurance portfolio. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals. ↗

PARTNERSHIPS & INTEGRATIONS

ERM adds to collaboration with Salesforce by becoming a global tier one Net Zero Cloud Advisory & Implementation Partner. Net Zero Cloud connects sustainability data from the entire value chain to an organization. Unified with the Salesforce platform and ecosystem, it increases productivity, improves accuracy, and decreases costs by delivering insights on demand, filling data gaps, and automating reporting and other tasks. ↗

FNEX forms strategic partnership with Maverick Fund Solutions to expand the distribution of curated alternative investments. This new partnership aims to enhance the distribution and accessibility of curated alternative investments through the recently launched FNEX Alternatives Market for Registered Investment Advisors. Maverick Fund Solutions brings prior experience in asset raising and fund marketing. Through this collaboration, FNEX will benefit from Maverick's infrastructure and strategic salesforce, which will enhance market penetration and advisor engagement. ↗

SEI Investments partners with Ctrl Alt to enroll in the Bank of England's Digital Securities Sandbox and to explore tokenization in a traditional financial infrastructure. The DSS provides an environment for firms to trial the use of distributed ledger technology in issuing and trading digital securities. This new partnership will see SEI Investments provide the real-work assets for Ctrl Alt to tokenize during phase two of the DSS initiative. Phase two, also known as the go-live stage, allows firms to move beyond preliminary testing and begin live issuance, trading, and settlement of digital securities under regulatory supervision. Additionally, as part of the collaboration, SEI has made an early-stage investment in Ctrl Alt through SEI Ventures. ↗

Ocorian and Canoe Intelligence partner to simplify data workflows for fund managers. Ocorian’s fund services clients will benefit from Canoe’s AI and machine learning technology, which automates document collection, data extraction, validation, and cloud reporting. By integrating Canoe’s technology into Ocorian’s operating model, their teams will be able to access data efficiently and at scale. ↗

P&SC partner with Owlin to enhance B2B risk intelligence. P&SC have partnered with Owlin, to being real-time adverse media screening to clients. Together, both companies are delivering an alternative to legacy solutions — designed to give risk & compliance teams fast and smart insights. This partnership unlocks three advantages: 1. Access millions of global, multilingual sources -more than traditional platforms - to capture risks. 2. Real-Time, Actionable Intelligence - Get alerts with insights, analysis, and contextual risk tagging, helping users stay ahead of emerging threats. 3. Flexible & Seamless Integration - Owlin’s API approach ensures smooth integration into existing risk workflows. ↗

Coller Capital selects SUBSCRIBE to broaden advisor access to alternative investments. Coller Capital manages $38 billion in AUM and serves institutional and private wealth investors. Coller Capital is using SUBSCRIBE for investor onboarding, streamlining fundraising efforts and as an end-to-end operating system. ↗

CaixaBank picks Salesforce to enhance AI capabilities. The Spanish bank, CaixaBank, will adopt Salesforce's Data Cloud and Agentforce solutions to streamline processes and enhance customer experience. As part of the collaboration, CaixaBank will leverage Salesforce's AI tools to provide specialized support to customers across the bank's apps, chatbots, call centers, and branches. Salesforce will also assist employees by reducing the workload of repetitive tasks, enabling them to focus on value-added tasks such as personalized advice. CaixaBank says it is also adopting Salesforce's Data Cloud solution for cloud data management and analysis, and has agreed to use Salesforce as the unified platform to centralize all sales and service interactions. ↗

Fifth Wall chooses Standard Metrics to enhance workflow efficiency. Fifth Wall integrated Standard Metrics in order to streamline data collection from its portfolio companies and reduce the overall time spent on administrative tasks. This has enabled the deal team to dedicate time to high-impact work like evaluating investments, strengthening portfolio relationships and driving value creation. ↗

OFFICE & PERSONNEL

Sheryl Needham joins Titanbay as Global Head of Distribution. Needham has more than two decades of experience across investment management, client strategy and distribution leadership. Most recently, she worked with AllianceBernstein, helping shape their family office distribution strategy across EMEA and driving private markets initiatives. She also spent over 20 years at BlackRock, where she held a range of senior leadership roles, including heading up Alternatives Distribution for Wealth, leading Hedge Fund Distribution, and scaling the Family Office business. ↗

SimCorp promotes Ronan Donnelly to Chief Operations Officer. Donnelly has been with SimCorp since 2020. Most recently, he served as Senior Vice President of SaaS Operations. During this time, he helped implement AI enabled support and established a global presence in Mexico City. Prior to SimCorp, Donnelly held buy-side focused, leadership roles at global Fintech firms, including SunGard, FIS and Finastra. ↗

Pallavi Pal promoted to SVP of Product at Grata. In this new role, Pal will continue to manage the Product org and working with the Product Management, Design, and Solutions Engineering teams. Additionally, Spencer Schimel has been promoted to Design Director, Joe Woodard is now Lead PM and Sindura Ravichandran has become a Senior PM 2. ↗

Decimal Point Analytics appoints Eric Yuen as Partner and Head of Data Science. Yuen joins Decimal Point Analytics with over 20 years of experience in finance, technology, and data science. Most recently, he served as Managing Director and Head of Data Science at Blackstone Credit, where he was responsible for building and leading a data science team supporting both Liquid and Private Credit strategies. Prior to Blackstone, Yuen held a variety of senior leadership roles at JPMorgan Chase & Co. over a 19-year career. His tenure included overseeing digital strategy and fintech investments, driving enterprise-wide regulatory initiatives, and leading business operations for global commodities and capital management functions. ↗

SS&C enhances Middle East business with Saudi Arabia Office. The new office in Riyadh, Saudi Arabia, will enable SS&C to forge new relationships and work closely with the Capital Markets Authority and the Saudi Arabian Monetary Agency. SS&C's Middle East business serves 850 financial institutions and corporate clients; 150 of these clients are in Saudi Arabia. Issa Jadon, Director, will lead the new office. ↗

Simon Preston joins Holland Mountain as an Associate Director. Preston brings over 20 years of experience across accounting, administration, operations, and IT, having worked with fund administrators and asset managers across Europe and the US. At Holland Mountain, Preston will both support new and existing clients on operational strategy and transformation service projects, as well as contributing to the development, implementation and growth of the ATLAS data platform. ↗

VENDOR RESEARCH & WHITEPAPERS

Beyond has a new blog, "How to Spot an Overbuilt, Un-scalable Product". In this blog, Beyond states that in technology due diligence, some products are overbuilt and underdesigned for scale. Beyond feels that recognizing the signs early can prevent costly missteps for investors and acquiring teams. This blog goes over six ways to spot an overbuilt and un-scalable product. ↗