This Week’s Vendor News

NEW & UPDATED PRODUCTS

Passthrough introduces new AML solution for private fund managers. With evolving AML regulations now affecting private markets, Passthrough’s new AML Compliance Officer offering has been launched to help private fund managers navigate these changes. As part of this new product, Passthrough will: 1 - Be your AML Compliance Officer responsible for oversight of day-to-day AML operations. 2 - Prepare policies and procedures that are enforced by its KYC/AML. 3 - Provide annual training and testing online. 4 - Run and coordinate the audit. 5 - Create a positive experience for your LPs to fulfill KYC/AML requests and manage your risk. 6 - File suspicious activity reports and coordinate with law enforcement on any investigations. 7 - Monitor source of wealth and funds to make sure there’s no illicit activity. ↗

CAIS launches enhanced trade solution to streamline investment experience. This new solution, which features a flexible investment experience, was designed to simplify the alternative investment lifecycle for financial advisors. Key features of the new trade experience include: 1 - Guided transaction workflow: Advisors gain access to a streamlined interface that brings the subscription process into one user-friendly view—enhancing clarity and efficiency. 2 - Essential information only: Advisors can kick off transactions with only essential information, reducing the amount of data entry required and saving time for advisors. 3 - Enhanced flexibility in order creation: Advisors can now create accounts in multiple stages along the pre-trade journey, offering flexibility and ensuring that information is captured across various transactions. 4 - Optimized for efficiency: Advisors can manage household-level information across multiple accounts with CAIS' enhanced profile structure—minimizing redundancy and maximizing productivity. ↗

73 Strings introduces 73 Value: Digitalizing Valuations in Equity & Credit. 73 Value (Formerly Qubit X) is a new AI-driven solution designed to make portfolio valuations fast and easy. Built for private capital fund managers, it enhances the valuation and reporting process with precision and efficiency. Key benefits: 1 - AI & Advanced Analytics: Streamline workflows and deliver auditable, real-time valuations. 2 - Efficiency & Accuracy: Achieve valuations fast and reduce costs by 50%. 3 - Robust Security: SOC 1 & 2 compliance (pending), ensuring data integrity. Additional benefits of 73 Value include: 1 - Scale Valuations: 73 Value offers multi-strategy capabilities so that you can keep expanding and evolving in pursuit of returns. 2 - Increase Valuation Frequency: With 73 Value’s AI algorithms, you can operate fast, speeding up calculations and analytics. 3 - Reporting Transparency and Confidence: 73 Value offers AI-augmented intelligence to make well-informed judgements grounded in robust analytics. 4 - Audit Defendable Valuations: 73 Value provides an audit trail so that you can trust your data and communicate with stakeholders effectively. Clients can use 73 Value for: benchmarking, calibration, scenario analysis, waterfall analysis, discounted cash flow analysis, transaction comps and trading comps. ↗

DiligenceVault launches a few new features on its platform. These new enhancements consist of the following: 1 - Smart Document Wizardry: DV identifies recurring documents (hello, DDQs and RFPs!) and streamlines digitization, cutting out repetitive work and letting users focus on responding to requests quickly with AI-powered autofill. 2 - DV’s enhanced workflows ensure: SMEs know what’s coming and when it’s due, Partial approvals keep the ball rolling, Familiar Word-like tools make reviews seamless. No more endless email threads, just transparent teamwork. 3 - New Personal Dashboards: get tasks front and center with the My Work Dashboard, that is a personal command center, helping users find what they need and stay on top of deadlines with minimal effort. Also, users can now store diligence documents, AUM, and track record libraries also in DV. ↗

Grata unveils the latest version of the Grata Go mobile app. With this new update, users can now see funding information on every company profile in the app, including: funding received, acquisitions, investments made and all investors. Grata Go can be downloaded from the Apple store or Google Play. ↗

Bipsync unveils the latest enhancement to the Bipsync suite-of-apps: the Bipsync for Gmail add-on, available to all Bipsync users. This new feature integrates Bipsync with your Gmail account, enabling you to import and manage your email communications– including email content, files, attachments and associated metadata–as notes within the Bipsync RMS. The Bipsync for Gmail add-on is designed to connect Bipsync directly to your inbox, transforming how you manage and categorize your emails as part of your research workflow. Here’s what you can do: 1 - OAuth Authentication with Bipsync API: connect your Gmail with Bipsync to start importing emails as research notes. 2 - Import Emails as Research: import emails into Bipsync, where they are treated as research notes, ensuring that valuable information is captured and organized. 3 - Duplicate Check: The add-on automatically checks if an email has already been imported, preventing duplicates and maintaining a clean research repository. 4 - Quick Access: A few clicks within Gmail allows you to open the associated research entry in the Bipsync, streamlining your workflow. 5 - Attachment Handling: Email attachments are automatically included as note attachments in Bipsync, so no crucial information is left behind. 6 - Customizable Form Inputs: Utilize fields driven by the Bipsync RMS, such as list/lookup/date fields, with specific options tailored to your organization’s needs. ↗

SESAMm introduces its new Partner Network. The Partner Network, set to launch in Q1 2025, is a new initiative designed to provide clients with access to expert remediation services, which is important in light of new regulations like CSDDD. Whether conducting on-site audits, providing grievance mechanisms, or offering cybersecurity due diligence, SESAMm's partners are carefully selected to address diverse client needs. Key Features of the Partner Network: 1 - Remediation Options: 2 - Comprehensive services for CS3D compliance and financial regulations. 3 - Streamlined Processes: Pre-negotiated agreements for access to expert teams. 4 - Seamless Integration: Automated recommendations and real-time results tracking via SESAMm’s platform. SESAMm's first network partner is CybelAngel, which offers an external risk protection platform that proactively identifies and mitigates external threats before they can be exploited. ↗

DealsPlus unveils a new feature on its platform, which was built in collaboration with its users based on their feedback. This new feature allows users to review cap structure changes before approving cap table data each quarter, simplifying the process before running waterfall valuations for quarterly reporting. This addition makes it easy for users to stay in control and make informed decisions. ↗

DEAL ACTIVITY

BlackRock acquires HPS Investment Partners to deliver integrated solutions across private markets. BlackRock is set to acquire HPS for around $12 billion. Under this deal, BlackRock and HPS will form a new private financing solutions business unit led by Scott Kapnick, Scot French, and Michael Patterson. This combined platform will have capabilities across senior and junior credit solutions, asset-based finance, real estate, private placements, and CLOs. To develop a full-service financing solution for alternative asset managers, the business will unite direct lending, fund finance, and BlackRock’s GP and LP solutions (fund of funds, GP/LP secondaries, co-investments). This combination creates an integrated solution for clients and borrowers across corporate and asset-based finance, investment and non-investment grade and private credit. As part of this transaction, Messrs. Kapnick, French, and Patterson will join BlackRock’s Global Executive Committee and Kapnick will be an observer to the BlackRock Board of Directors. ↗

PARTNERSHIPS & INTEGRATIONS

FactSet and J.P. Morgan Securities Services collaborate to deliver data management and performance solution. This joint initiative will deliver FactSet’s performance, reporting, and portfolio analytics solutions through J.P. Morgan’s data management platform, Fusion. This new partnership enables asset managers and asset owners to focus on investment insights and generating alpha while benefiting from modern data management, outsourced accounting, and advanced portfolio analytics. Under this partnership, clients can benefit from reduced total cost of ownership and the flexibility to outsource or insource their portfolio analytics needs. ↗

Assette welcomes Alpha Financial Markets Consulting as its latest ACE Certified Partner. As an ACE Certified Partner, Alpha FMC is certified as a consulting firm to implement Assette for asset managers. Alpha FMC’s capabilities spans data development, business and data analysis, content authoring, and project management. ↗

Arrow Global selects SEI as a strategic growth partner. Arrow Global, a European alternative asset manager specializing in private credit and real estate, selected SEI to support its fund administration, loan operations, and investor services for its private credit fund domiciled in Luxembourg. ↗

SUBSCRIBE's enhanced Salesforce integration is here. With this enhanced integration, both fund managers and fund investors are able to sync and update invites, investor data, order status, and documents automatically across both software platforms. Now, fund managers and fund investors can: 1 - Sync data and docs seamlessly between platforms, 2 - simplify the invitation process for LPs to start the subscription process and 3 - save time spent on duplicative data entry. ↗

Domos FS is now integrated with Kyriba Marketplace via APIs. This integration simplifies payment processes and enhances efficiency for managing alternative assets. ↗

Antin Infrastructure Partners has selected Chronograph to bolster its portfolio monitoring capabilities, which will bring automation to data collection, reporting and valuation processes. Antin Infrastructure Partners is a private equity firm focused on infrastructure. With over €32bn in AUM across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. ↗

Asset Class selected by Explorer Investments to provide Investor & Fund Management and Deal & Portfolio Management solutions. Explorer Investments, an independent private equity and real estate management company with offices in Lisbon, Portugal, will benefit from Asset Class's solution as it upgrades and enhances its capabilities in the Portuguese Private Capital Markets. Asset Class’s Fund OS platform will enhance Explorer Investments operations by providing streamlined digital onboarding for investors, comprehensive reporting, and efficient fund and LP management. Additionally, real-time investor activity tracking and enhanced data functions will lead to operational efficiency and accuracy. ↗

Vintage Investment Partners selects Backstop Solutions to streamline fundraising, investor relations, and investor communications. Vintage, a global investment fund with $4 billion in aum, invests in funds and startups in the USA, Europe, and Israel by combining fund-of-fund, secondary fund, and growth fund investments. To streamline its data, workflow, and reporting, the firm sought out a platform for its fundraising, investor relations, and investor communications. Backstop will give Vintage Investment Partners a holistic view of the investor lifecycle and will support communications, collaboration, and decision-making across the organization. ↗

PGIM Joins SUBSCRIBE Alternative Investment Platform. PGIM has chosen the SUBSCRIBE platform with the goal of providing digital onboarding, electronic subscription documents and streamlined workflows for investors. ↗

VESTBERRY is the new portfolio monitoring and management solution for World Fund, a European climate-tech VC. World Fund, which is dedicated to tackling the climate crisis and helping decarbonize the global economy, invests in technologies with scalable businesses and emission-savings potential. ↗

OFFICE & PERSONNEL

FactSet appoints Christopher McLoughlin as Executive Vice President, Chief Legal Officer. McLoughlin brings over 20 years of legal experience, 12 of which have been in the financial information and technology sectors. He will oversee FactSet’s global legal, compliance, risk, government and regulatory affairs functions. ↗

Philitsa Hanson has joined Allvue as its Global Head of Product - Equity and Fund Administration. Before joining Allvue, Hanson spent 21 years at Linedata, most recently as its Global Head of Product. At Allvue, Hanson also held roles such as Director Client Solutions and Head of Transformation. ↗

Andrea Auerbach, Global Head of Private Investments at Cambridge Associates, has been appointed to the Board of the Global Private Capital Association. Cambridge Associates has been a member of the non-profit for 17 years, working with GPCA on a shared mission to identify the sectors, strategies, and deals that will drive investment returns and meet societal needs. ↗

Bunch launches in the UK. The new London team consists of Tomás Herrmann, former investor at Creandum and Hedosophia, Cheyenne Lake, Head of Customer Success, Emma Shaw, a dedicated UK Account Manager, and Lucca Frare, Strategy Associate. The plan is to add more employees in the near future to strengthen client partnerships and drive growth for the company. ↗

Himanshu Lohia has joined Colmore as Vice President of Fund Accounting in Bangalore. In his new role, Lohia will be responsible for helping Colmore clients with their accounting needs. Lohia brings over 15 years of previous experience to Colmore, mainly in accountancy, fund accounting, and NAV calculus. ↗

Mosaic welcomes Michael Suh to the commercial team in NYC. Suh joins Mosaic after a career of principal investing and M&A advisory across firms including Cross River, Deutsche Bank, KKR, and Goldman Sachs. ↗

VENDOR RESEARCH & WHITEPAPERS

AssetMetrix has a new blog post, "Does AI already have production impact in PE operations?". This article explores how AI is already making a production impact in PE operations. This piece covers the importance of data confidentiality and the use of AI in data ingestion processes, integration with systems of record, and its role in automating end-to-end operational processes. Additionally, AssetMetrix covers how AI agents and aggregation platforms are expected to reshape the landscape for 2025 and beyond. ↗

ShareVault has a new blog, "What AI Can (and can’t) Do". In this blog, ShareVault goes over five things that AI can do and five things that AI can't do. ShareVault states that "AI is a powerful technology that can automate tasks, make predictions, personalize products and services, and analyze data. However, it has limitations in areas such as creativity, emotional intelligence, judgment, common sense, and contextual understanding". AI is a tool that can enhance human capabilities but cannot replace them. ShareVault concludes that understanding the capabilities and limitations of AI is crucial for those who want to leverage this technology to their advantage. ↗

Astrella has a new blog, "Why Should LLCs Use a Cap Table Solution Built for Profit Interest Units (PIUs)?" In this article, we’ll explore why LLCs should consider using a cap table solution built specifically for PIUs, the challenges of relying on DIY tools, and what features should be considered when selecting one. Astrella also provides examples of solutions designed for profit interest units so that users can decide on the best way to manage their PIUs. ↗

Quva has a new blog, "Does Every Crowdfunding Platform Need To Carry Out AML And KYC Checks?". In this blog, Quva explains why crowdfunding AML and KYC checks are required, which is to prevent a variety of financial crimes. Quva also breaks down the whole process into five components, which is outlined in the blog. ↗

AWARDS

S&P Global's XVA solution has won the title of Best XVA Solution at the 2025 Risk Markets Technology Awards. ↗