This Week’s Vendor News

NEW & UPDATED PRODUCTS

Nasdaq launches XVA Accelerator, a new technology that will streamline risk computations and cut down on power and infrastructure needs. This AI-based machine learning technology will be integrated into the Nasdaq Calypso platform, used to process treasury workflows, manage risk and meet regulatory reporting requirements. XVA Accelerator can improve execution times, reduce costs, and help financial institutions manage risk. ↗

Hyperscience has introduced the Hyperscience Design System. The Hyperscience Design System is a new user interface, which is designed to elevate the user experience. The recent release of the Hyperscience Hypercell R40 is the first integration of HSDS, which features updates such as the Layout Triage experience and enhancements to the Model Overview page for Identification models. ↗

OneTrust unveils its product updates from the Fall 2024 release. These upgraded features focus on helping users build a resilient supply chain, automate compliance, and gain real-time regulatory guidance. 1 - OneTrust Third-Party Management is expanding to strengthen supply chain resilience and operationalize DORA compliance. 2 - Compliance Automation, recently announced, now includes more capabilities to simplify preparation for frameworks like SOC 2, ISO 27001, GDPR, and emerging regulations like DORA. 3 - DataGuidance, a regulatory research platform, has launched a new website experience with AI-powered navigation from OneTrust Copilot. 4 - Integrate and activate consent with the OneTrust Consent Management native Snowflake application. 5 - With this release, OneTrust makes generally available the AI Inventory Graph, a way to visualize AI systems and the underlying relationships between their components. Customers can also join the private preview of the AI Model Gallery and AI Model Cards to streamline internal model registration as well as external model transparency reporting. ↗

SUBSCRIBE unveils its rebranding efforts and a new website. The updated website can be found at: www.subscribeplatform.com ↗

FINTRX launches its Endowment & Foundation Data Suite. This new release includes profiles, investment strategies, and contact information for over 5,500 endowment and foundation records. New data includes: 1 - insights into active endowment & foundation LP’s, 2 - information on investment decision-makers and investment committee members, 3 - analysis of investment strategies and allocation trends. Additionally, the new E&F data suite allows users to: 1 - source capital from endowment & foundation firms, 2 - conduct outreach to decision-makers, 3 - consolidate investment data needs into one unified platform, 4 - gain an understanding of investment strategies and trends within endowment & foundation LP’s, 5 - unlock relationships & warm introduction opportunities within the E&F ecosystems. ↗

Altvia introduces a new solution to simplify fundraising complexities. AIMPro for Fundraising, powered by Salesforce, provides fundraising professionals with a new way to manage investor relationships, streamline communication, and secure capital. With AIMPro for Fundraising, teams can track investor engagement, monitor pipeline progress, and manage communications—all within one consolidated platform, eliminating the need for clicking around. This streamlined experience allows fundraising professionals to engage investors quickly, raise capital efficiently, and scale operations, while reducing time spent on administrative tasks and workflows. ↗

G2 launches Executive Summary, G2's first centralized reporting feature. With Executive Summary, G2 distills data into a curated view to measure and track performance. The new Executive Summary feature brings the most important data to the top, making it easy to share “need to know” with Execs, C-Suite, or Board. Executive Summary includes the following features: Our new Executive Summary provides G2 customers with lots of benefits, including the following features: 1 - Simplified Multi-Profile Tracking, 2 - Quarterly Analysis, 3 - Flexible Views, 4 - Profile & Category Trends, 5 - Competitive Intel (View your buyer exposure and reveal how much traffic you receive in comparison to competitors). ↗

CAIS launches its new division, CAIS Advisors. CAIS Advisors is a registered investment advisor established to assist advisors in streamlining portfolio construction with a new suite of tools and solutions. CAIS Advisors, led by Neil Blundell, Chief Investment Officer, anticipates offering advisory services, customizable alternative investment model portfolios, and multi-manager registered solutions. CAIS Advisors will deliver customizable model portfolios, helping advisors meet client needs and risk profiles, blending asset allocation guidance with alternative investments available on the CAIS Marketplace. CAIS’ technology supports the development, execution, and management of these portfolios, simplifying the allocation process for wealth managers. CAIS Advisors also intends to introduce a suite of multi-manager registered solutions, providing financial advisors with asset allocation vehicles. The anticipated product suite spans private equity, private debt, real assets, hedge funds, and thematic investments. ↗

ValueWorks introduces new updates to its platform from its latest 1.22 release. The first is sortable charts, which allows for easier identification of trends or outliers, which helps users grasp key insights. The next new feature is improved investor reporting PFA export. And lastly, KPI definitions in investor reporting is new. ↗

SimilarWeb reveals new product updates from this past month. 1 - Users can now see the pages their competitors are driving paid traffic to with an enhanced Paid Landing Pages report. 2 - SimilarWeb has refreshed and upgraded the data in Rank Tracker to improve the accuracy of click data with its click-through rate calculation. 3 - In Rank Tracker, it has also launched a new report: Keyword Trends. ↗

Dialllog has made updates to its platform to make it easier to manage multiple emails for a single contact. Now, users can add multiple email addresses for their contacts and sync all conversations automatically. ↗

Asset Class reveals recent Portfolio Asset Management & Deal Flow Management product enhancements. New Portfolio Asset Management product enhancements include: 1 - Financial ‘GRIDS’ for Custom Performance Tracking, 2 - Customizable Data Entry, 3 - Portal Access for PortCo’s & Asset Managers, 4. - Improved Navigation, 5 - Enhanced Document Management and 6 - CSV Data Handling. Deal Flow Management (DFM) product enhancements include: 1 - Kanban Deal Management, 2 - Fund Asset Conversion, 3 - Deal Checklists, 4 - Data Validation, 5 - Portfolio Oversight and 6 - Task Coordination. ↗

DEAL ACTIVITY

Juniper Square signs a definitive agreement to acquire Forstone Luxembourg, a division of Forstone Group, in order to expand its global fund administration and fund services footprint. The strategic acquisition of Forstone Luxembourg brings additional experience and an established presence in the European market, which reinforces Juniper Square’s commitment to provide a global suite of services to its clients, enabling them to navigate the complexities of cross-border operations with ease and efficiency. The transition is subject to final regulatory approval, following which Forstone Luxembourg will operate as Juniper Square Luxembourg. ↗

PARTNERSHIPS & INTEGRATIONS

Bipsync and Dasseti partner to streamline research and due diligence processes for investment management. Bipsync and Dasseti have formed a strategic partnership that integrates their services to facilitate how investment and operations professionals collect data and conduct investment research. This collaboration allows mutual LP and GP clients to streamline their investment processes by incorporating collected data, documents, and DDQ responses from Dasseti’s platform into their proprietary research and workflows in Bipsync to drive better investment decisions. Benefits of the partnership include: 1 - automated data collection and extraction, 2 - enhanced investment research, 3 - improved pperational efficiency and 4 - optimized ESG workflows. By combining Dasseti’s data collection and extraction capabilities with Bipsync’s research management platform, investment offices can eliminate operational silos, reduce manual processes, and gain timely insights. ↗

Crunchbase enters into a strategic partnership with Perplexity. With this partnership, Crunchbase will deliver its private company data to Perplexity's Enterprise Pro users through Crunchbase's data licensing API. Additionally, Enterprise Pro account holders with a Crunchbase subscription will be able to access data directly within Perplexity’s platform. This means that proprietary Crunchbase data will be presented as a source alongside internal files and web pages for relevant queries. ↗

Bain & Company partners with OpenAI to deliver AI solutions. Bain and OpenAI have been collaborating since 2022, but with this partnership expansion, Bain is investing in establishing an OpenAI Center of Excellence. The OpenAI CoE will provide services and technologies that help clients to realize business value and impact from OpenAI’s technologies. ↗

Upright and Persefoni partner to support companies in data-driven CSRD compliance. Under this strategic partnership, Upright will provide Persefoni’s customers with access to its data-driven double materiality assessment tool, which will help Persefoni customers comply with CSRD. ↗

SESAMm is expanding its services with ODDO BHF Asset Management, which was initiated in 2021. This expanded partnership will focus on leveraging SESAMm’s technology to enhance decision-making in various aspects of ODDO BHF Asset Management's investment processes, specifically thematic strategies. ↗

Atominvest is partnering with Metropolitan Partners Group, private credit firm based in New York. Atominvest is supporting Metropolitan Partners with their portfolio management processes. ↗

Cambridge Associates Private Investment Benchmarks are now available on Chronograph. This integration helps private market LP allocators contextualize their fund and portfolio performance against Cambridge Associates Private Investment Benchmarks within one centralized analytics platform. Clients can gain an overview of private capital performance through Chronograph LP and can unlock new levels of insight in assessing performance against the benchmark of their choosing. Chronograph’s benchmarking integration is available for mutual clients of Cambridge Associates and Chronograph for Limited Partners, spanning pension plans, foundations and endowments, fund of funds, sovereign wealth funds, OCIOs, and family offices. ↗

FLX Networks teams up with Dasseti to launch FLX Diligence Center. FLX Diligence Center is a cloud-based tech solution that streamlines the due diligence data management process for both asset and wealth managers. FLX Diligence Center, Powered by Dasseti, utilizes a flexible, secure, one-to-one data exchange platform that allows asset managers to share data and other content to registered investment advisors, institutional consultants, and wealth management firms. It digitizes a historically manual process so that FLX Members can expedite and simplify the due diligence and quarterly review processes. FLX Diligence Center includes: 1 - Questionnaire engine to create custom questionnaire, 2 - fund & manager data tracking to provide consistency across data sets, 3 - workflows & collaboration tools to streamline and improve communication, 4 - review & risk management: Automatically flag potential risks for Wealth Managers, 5 - automated scoring & comparison: Create custom due diligence scores and rankings, 6 - custom reporting to visualize and analyze data, 7 - CRM & document management to improve organization and reduce clutter, 8 - advanced security technology to ensure data remains safe. ↗

Dynamo welcomes Hack VC as its newest client. Hack VC, a web3 venture capital firm, has chosen Dynamo Software as its partner for CRM and investor relations software solutions. By partnering with Dynamo, Hack VC aims to elevate their client interactions, streamline processes, and unlock new opportunities in the VC landscape. Through this partnership, Hack VC will enhance their operational efficiency and strengthen investor relationships. ↗

Robin AI expands European presence by partnering with German law firm, KÜMMERLEIN. KÜMMERLEIN was seeking a technology solution to streamline its operations, and explore the opportunities offered by a dedicated legal AI tool. Robin AI’s technology stood out due to its ability to seamlessly integrate with Microsoft Word, allowing lawyers to work within their preferred platform without the need for additional software as well as the modular concept of the entire offering of Robin AI. KÜMMERLEIN is already using Robin AI’s intelligent contract review and drafting tools, which has been beneficial for streamlining routine tasks such as summarising and translating lengthy documents. ↗

Merantix Capital is now building on bunch. Merantix Capital has chosen bunch for all fund operations, including optimizing their processes and shortening fundraising timelines. ↗

OFFICE & PERSONNEL

Floww is expanding into the US market with a new office in South Florida and launching their first US Fundraising Program. The new office is located in Miami. For the Fundraise Program, Floww is seeking 10 Florida-based startups to join a 12- week fundraising program conducted in partnership with Rokk3r, Escalon, Wilson Sonsini. and Force Over Mass. ↗

S&P Global announces the executive leadership team that will report to Martina L. Cheung when she becomes President and CEO on November 1, 2024. The Divisional Leadership team consists of: S&P Global Market Intelligence will be led by Saugata Saha, who currently serves as President of S&P Global Commodity Insights. S&P Global Commodity Insights will be led by co-Presidents Dave Ernsberger, currently Head of Market Reporting & Trading Solutions, and Mark Eramo, currently Head of Fuels, Chemicals & Resource Solutions. S&P Global Ratings will be led by Yann Le Pallec, currently serving as Global Head of Ratings Services. S&P Dow Jones Indices will continue to be led by Dan Draper. S&P Global Mobility will continue to be led by Edouard Tavernier. The Functional Leadership team consists of: Incoming Chief Financial Officer is Eric Aboaf, Steve Kemps is the Chief Legal Officer, Swamy Kocherlakota will continue in his role as Chief Digital Solutions Officer, Girish Ganesan will become the Chief People Officer, Christina Twomey will become Chief Communications Officer, Sally Moore will undertake a new role as Chief Client Officer and Saugata Saha will take on a dual role, in addition to leading S&P Global Market Intelligence, as the Company's Chief Enterprise Data Officer. ↗

Lantern appoints Piers Dixon as Head of Sales. Based in London, Dixon will lead Lantern’s sales efforts as the company expands. Dixon brings previous experience in private markets and an understanding of the data and operational complexities impacting GP’s. Before joining Lantern, Dixon was an Enterprise Solutions Sales Director, EMEA Private Markets at S&P Global. ↗

David Rudd is the new Senior Vice President, Head of Strategy at Northern Trust. Rudd has been with Northern Trust for more than 14 years. ↗

Linnovate Partners expands office in Kuala Lumpur. Linnovate has moved to a larger office in Kuala Lumpur, a step in its growth and development. The new office is located in KL Eco City Menara 2, which places the company in Kuala Lumpur’s business district, allowing it to better serve its clients and enhance its operational capabilities. This move comes as Linnovate Partners expands its fund services team and strengthen its presence in the Southeast Asian market. ↗

VENDOR RESEARCH & WHITEPAPERS

Dynamo has a new blog, "Evaluating Your Investor Relations Program: Does it Stack Up to Today’s Trends?". In this blog, Dynamo writes that to keep pace with today’s expectations, General Partners should consider a checklist of 4 key questions regarding their IR technology to enhance the investing experience. ↗

Alkymi has a new blog, "Why firms should prioritize automating their data workflows". In this blog, Alkymi goes over 6 reasons why automating your data workflows can impact your firm. ↗

Inrate has a new blog, "Impact of AI on ESG Assessment: What Asset Managers Need to Know". In this blog, inrate goes over benefits of AI in ESG asset management and the challenges of using AI for ESG. ↗

Dakota has a new blog, "Family Offices and Their Increased Appetite for Alternatives'. In this article, dakota goes over the trend of family offices shifting toward alternative investments such as private equity, real estate, and venture capital. Dakota goes over why alternatives are gaining popularity and how family offices are navigating the associated challenges. ↗

Qashqade has a new blog, "The evolution of private equity compensation: navigating the latest trends and challenges". Qashqade feels that as the PE industry continues to evolve, compensation packages are becoming complex, with a focus on carried interest, clawback provisions, performance-based incentives, and total compensation. In this article, qashqade delves into 5 trends shaping the future of private equity compensation. ↗

AWARDS

FIS takes home two awards at the 2024 PayTech Awards USA. FIS Integrated Payables has been named Best Business Payments Solution and Seamus Smith, FIS Group President of Automated Finance, has been honored with the PayTech Leadership - At the Helm Award. ↗