This Week’s Vendor News

NEW & UPDATED PRODUCTS

FactSet introduces its new Data as a Service Solution to streamline data management. This new solution provides data collection, management, and integration to data management teams at financial institutions. FactSet DaaS includes: 1 - Data Quality & Completeness Service: Prevents downstream data issues by conducting a series of quality checks to verify completeness before data moves through the pipeline. 2 - Managed Cross-Reference Service: Maps all identifiers from various datasets to a unified symbology model, allowing data to be called upon effectively and verifying different datasets can be connected to power downstream processes and applications. 3 - Managed Custom Query Service: Transforms data to meet its intended end use case by defining the desired data output with automated processes. FactSet DaaS sources and ingests data on a clients’ behalf, executing processes, and delivering the data according to each firms’ requirements. This end-to-end approach enhances efficiency and streamlines the entire data pipeline for users. ↗

S&P Global Market Intelligence unveils new iLEVEL Peer Comparables module. This new module features S&P Capital IQ Financials and Estimates data integrated into iLEVEL, S&P's flagship portfolio monitoring solution for private markets investors. This new addition provides GPs and LPs with performance and valuation insights for their private investments relative to comparable publicly traded companies. ↗

FIS launches its Digital Trading Storefront, a new platform that enables banks, brokers, market makers and fund managers to offer their customers a differentiated cross-asset trading digital experience. The FIS Digital Trading Storefront enhances the existing FIS Cross-Asset Trading and Risk Platform with a comprehensive suite of digital features that enables personalization and real-time execution of trades. Built using advanced APIs, the scalable platform provides flexibility for firms, allowing them to integrate their own front or back-end components, as well as tailor the branding and customer experience as desired. This platform enables more accessible trading in real-time, while continuing to mitigate risk with seamlessly integrated APIs for advanced regulatory compliance. ↗

Asset Class launches its new website: www.AssetClass.com. ↗

CB Insights unveils enhanced API . Now users can plug CB Insights' improved API or data feed into: 1 - Your LLM as a market intelligence source of truth. 2 - Your CRM to grow sales and partnerships pipeline, 3 - Your data lake or models to spot promising investment opportunities. 4 - Your products and services to build disruptive offerings. ↗

Carta launches Deal Closings. With Carta Deal Closings, eligible Carta cap table customers now have access to a workflow tool that automates most of the administrative tasks required to close a financing round. Carta Deal Closings makes fundraising more efficient with workflow automation and its designed to make the process faster, more transparent, and cost-effective. ↗

Addepar introduces modern look and feel for updated platform experience. Users benefit from an enhanced design and customizability, including custom color palettes and dark mode. Additional new features include: revamped charting library now exudes performance, and font and color enhancements, a comprehensive elevation system, and the use of Figma's variables feature to define color tokens. ↗

Moonfare launches new direct investments programme for future opportunities on the Moonfare platform. Now, eligible investors will also be able to invest directly in select companies alongside GPs. All direct deals go through a due diligence and selection process and are approved by Moonfare’s Investment Committee, which comprises independent members and senior Moonfare executives. ↗

SS&C Technologies rolls out SS&C Accord, an AI-enabled service to help wealth managers aggregate and validate their customers' alternative investment data. Powered by proprietary technology, SS&C Accord leverages SS&C's wealth management and alternative investment fund administration expertise to help advisors aggregate and process siloed data across their investors' portfolios. SS&C Accord is an end-to-end service managed by a dedicated account team. Using a combination of intelligent automation and hands-on humans, the team: 1 - Leverages digital workers for monitoring and retrieval of end clients' alternative investments relevant correspondence. 2 - Uses natural language processing and large language models to extract relevant data points for further processing. 3 - Reviews document aggregation and data extractions for completeness and accuracy. 4 - Processes data to downstream systems for seamless reporting. ↗

InvestorFlow is now enhanced by Agentforce AI. With InvestorFlow AI, deal professionals and fundraising teams can: 1 - Summarize company overviews, news & interactions. 2 - Generate insights from 3rd party data. 3 - Automatically create/update records. 4 - Discover relationship connections. 5 - Generate outreach emails. ↗

DEAL ACTIVITY

StepStone Group completes fundraising for fifth private equity secondaries program at $7.4 billion. StepStone's secondaries strategy leverages its broader platform to utilize its sponsor relationships, differentiated data, and information access to create opportunities that may generate strong risk-adjusted returns. With $4.8 billion of aggregate capital commitments, the StepStone Secondary Opportunities Fund V has more than doubled in size relative to its predecessor fund. The fund is supported by a global set of institutional investors that include sovereign wealth funds, public and corporate pension funds, endowments, foundations, family offices and others. ↗

PARTNERSHIPS & INTEGRATIONS

Decusoft enhances technology partnership with UKG. The expanded technology partnership with UKG means that Decusoft has integrated a pre-built API to UKG Ready. This new UKG Ready integration will bring users more opportunities to address compensation planning and management requirements. Organizations that utilize both Decusoft and UKG Ready will benefit from a seamless integration that enables data exchange between the two platforms. ↗

iCapital and Bridge Investment Group launch performance reporting for alternative investors. This enhancement of Bridge’s Investor Portal, powered by iCapital, enables investors to access interactive and comprehensive performance reporting for all of their products. The Investor Portal now features a new Investment Dashboard, allowing investors to see their portfolio performance across accounts, holdings, and asset classes, as well as view performance indicators, charts, and cash flow details. ↗

Alto introduces new fund in partnership with SignalRank. Now, accredited investors can gain exposure to startups at early growth stages that align with their long-term investment objectives by investing at least $25,000 in the SignalRank Co-Investment Fund through Alto's Marketplace. With this partnership, Alto aims to broaden access by offering eligible accredited investors the opportunity to invest in deals by lowering the minimum investment requirements and working with funds usually limited to family offices and larger firms. ↗

SS&C Tier1 is now an approved Salesforce Consulting Partner. Tier1 augments the Salesforce platform to support the requirements for CRM in the investment banking and markets segments of the financial services industry. ↗

Attio introduces two new features on its platform. The first is new browser extension integrations. Attio's Chrome browser extension now integrates with Google Meet, LinkedIn Sales Navigator, and X. Additionally, now Attio users can view attribute edit history on the platform, making it easy to understand how data has changed. ↗

VESTBERRY is partnering with Odin. Odin creates tools that help VCs, angels, family offices and founders raise and deploy capital. ↗

Glimpse Markets announces new partnership with Charles River Development. With this partnership, users of Charles River's OMS can now share data over the Glimpse network, enabling them to participate without the need for any technical integration work. Furthermore, the Glimpse transaction data and new Dealer Ranking product will be available inside the Charles River OMS. For Glimpse users, this collaboration enhances their ability to share trade data, gain insights, and increase transparency in the fixed income markets. ↗

Equilar and InvestorFlow partner to change deal flow in financial services. This collaboration integrates Equilar's real-time executive intelligence with InvestorFlow's deal management capabilities, delivering a new solution to enhance deal sourcing, relationship management and portfolio oversight for financial services firms. With this new integration, InvestorFlow clients can now leverage Equilar’s executive intelligence data to stay informed on executive transitions, refine relationship mapping and accelerate deal flow. This partnership offers financial services and private equity professionals a streamlined approach to identifying opportunities and maximizing relationships. This strategic partnership allows firms to build personalized outreach strategies based on real-time intelligence, fostering cross-functional collaboration and providing teams with a unified view of their networks. This partnership between Equilar and InvestorFlow can be used to enhance decision-making, streamline workflows and drive value creation. ↗

Venture360 is partnering with 9point8 Collective to support the growth and accessibility of venture studios. Together, the firms are providing turnkey solutions and financial infrastructure to launch, fund, and report on ventures with transparency and efficiency. Through this collaboration, Venture360 offers: 1 - fund and SPV formation. 2 - streamlined back-office support. 3 - reporting services for investors. ↗

BlueMark and Novata enter into partnership to help make impact and ESG management more efficient for investors. BlueMark is a provider of independent impact verification and intelligence for the impact and sustainable investing market. ↗

Bootstrap Europe chooses Quantium to modernize their private debt operations. Bootstrap Europe has selected Quantium to update their middle- and back-office operations, from fund and portfolio management to investor reporting. ↗

Colonial First State enhances operational capabilities with expanded use of SimCorp One platform. CFS has now integrated SimCorp solutions for Accounting, Tax, Unit Pricing and General Ledger. This expanded integration streamlines operations and allows CFS to replace multiple legacy systems with the SimCorp One platform. ↗

Danske Bank has chosen Broadridge as its new proxy voting provider. ↗

OFFICE & PERSONNEL

Magnus Grufman is Moonfare’s new Chief Operating Officer. As COO, Grufman will oversee all fund operations, internal processes and portfolio management. He was one of Moonfare's first hires in 2016. ↗

ERM appoints Mathias Lelievre as its new Regional CEO for Europe, the Middle East, and Africa. Lelievre brings previous experience in sustainability and leadership from a career spent across public and private sectors. In his new role, he’ll drive growth across EMEA to help ERM clients operationalize sustainability at scale. ↗

Daoyuan Li appointed Chief Technology Officer at Finquest. With a PhD in Machine Learning and a background in technology innovation, Li has played a part in building and scaling Finquest’s AI and Data teams to over 30 specialists. Li succeeds Jérôme, Finquest’s co-founder and former CTO, who has been with the company for 8+ years. Jérôme will transition to a non-executive role on the Board of Directors, where he will provide strategic guidance and support. ↗

Northern Trust announces new changes to leadership team. Teresa Parker is the new President of Asset Servicing at Northern Trust. Parker has been with Northern Trust for more than 40 years and her experience at the company spans Client Service, Operations, Technology and Capital Markets. Parker succeeds Pete Cherecwich, who has assumed the role of Chief Operating Officer of Northern Trust. Dino DeVita has been named President of the Global Family & Private Investment Offices, a team of more than 300 professionals serving the needs of more than 500 ultra-high-net-worth individuals and their family offices. DeVita previously served as GFO’s Regional Managing Director of the Central and West regions, and prior to that, as President of its Pacific Northwest Region. Marc Cosentino has been named West Region President of Northern Trust Wealth Management. Cosentino now oversees Northern Trust’s wealth management business in Arizona, California, Colorado, Nevada, Texas and Washington. He leads an integrated team that delivers investment management, trust and estate planning, private and business banking, and financial consulting for clients. Cosentino’s career with Northern Trust spans three decades and numerous leadership roles. ↗

Broadridge appoints Djamila Cosme-bayoud as Premier Account Leader and Senior Country Officer for France. Based in Paris, Cosme-bayoud will lead the global relationships for Broadridge’s strategic accounts in France. She will also assume the role of Senior Country Officer for France, overseeing all go-to-market activities in France. Cosme-bayoud’s previous role was Global Business Director at the London Stock Exchange Group, where she led business-wide relationships for LSEG’s strategic accounts, delivering trading and data solutions across all financial markets. ↗

Titanbay appoints Ros Price to its Board of Directors. Price brings over 20 years of experience in private wealth management, capital partnering, and business development to her new role. Most recently, Price served as Managing Director and EMEA Region Head at Brookfield Oaktree Wealth Solutions, where she led business development and capital partnering efforts with financial institutions, independent wealth managers, and digital investment platforms across the UK and Europe. She has also held senior positions at PIMCO, including Executive Vice President, Head of Consultant Relations Group EMEA, and various leadership roles focused on private wealth, family offices, and institutional clients. ↗

SEI appoints Priti Ruparelia to the SEI Master Trust Board of Directors. In addition to her board responsibilities, Ruparelia will serve as a member of the Master Trust Investment Sub-Committee. Ruparelia is Trustee Director and Head of Defined Contribution at Independent Governance Group. With more than 25 years of experience in the pensions sector, Ruparelia’s experience includes managing defined contribution contracts and single trust and master trust arrangements, establishing new DC pension schemes, and transitioning schemes to master trust arrangements. Ruparelia previously led the DC Client Relationship team at Legal and General Investment Management, where she managed the organization’s master trust relationship. Prior to LGIM, Ruparelia managed DC and defined benefit relationships as a Senior Client Director at BlackRock and Aegon. ↗

Mark Bollard has started a new position as Client Relationship Director at IQ-EQ. Bollard has been with IQ-EQ for the last 2.5 years and most recently held the role of Director, Portfolio Management. Bollard also spent time at Davy and State Street. ↗

James Hutchinson joins Stavtar Solution's London Office as its Director of Business Development for EMEA & APAC. Before joining Stavtar, Hutchinson was the Sales Director, EMEA at Hazeltree and he also spent almost five years at Northern Trust. ↗

SimCorp names Ulrik Modigh as Managing Director, Head of SimCorp Business Services. In this role, Modigh will oversee SimCorp’s full range of business services, including Data Management Services, Investment Accounting Services, and Investment Operations Services. Modigh joins SimCorp with over 20 years of experience in investment operations, with expertise spanning across the financial sector, including asset management, life insurance, consultancy, financial services, and markets. He recently served as COO, Head of Operations and Technology at Nordea Asset Management. ↗

Andrew Walters has started a new position as Group Head of Revenue Accounting at IQ-EQ. Walters has been with IQ-EQ for the last seven years. His previous role was Head of Commercial Performance Insights. ↗

VENDOR RESEARCH & WHITEPAPERS

Intelligo has a new blog, "Due Diligence: The backstory on background checks". In this blog, Intelligo delves into the history of due diligence to unearth its origin story, early uses, and evolution over the years. ↗

Cyndx has a new blog, "You Aren’t Using ChatGPT for Deal-Sourcing Tips, Are You?". In this blog, Cyndx explains why it feels that when it comes to deal sourcing, ChatGPT’s strength lies in generating general overviews and engaging in dialogues, but this broad approach can fall short of the specialized insights required for serious deal-making. ↗

AWARDS

The winners of the annual Private Equity Wire US Credit Awards have been announced. Winners from PE Stack's Vendor Profiles include:

Acuity Knowledge Partners - Middle Office Services of the Year
IQ-EQ - Compliance Service of the Year - Fund Domicile
Kroll - Compliance Service of the Year - Overall
S&P Global - Data Provider of the Year - Overall
Allvue - Fund Accounting and Reporting Software of the Year
Oxane Partners - Portfolio Management System of the Year
73 Strings - Technology Innovation of the Year

Congrats to all the winners! ↗

The A-Team Data Management Awards USA has awarded FactSet with the 2024 Best Data Marketplace award. ↗

S&P Global Market Intelligence have won the Risk Technology Awards 2024 "Third-party Risk Product of the Year" category. ↗