This Week’s Vendor News

NEW & UPDATED PRODUCTS

Crunchbase relaunches as an AI-powered, predictive company intelligence solution. Its moved beyond historical data, showing people not just what happened to a company yesterday or today, but what will happen to that company tomorrow. The new Crunchbase, which analyzes billions of live signals to anticipate future company movements, provides a forward-looking view of the market. Crunchbase started its reinvention with the launch of Predictions and Insights in its API in September 2024. Now, Crunchbase is infusing this same technology across its software, integrations, and API. Its added capabilities like heat mapping so you can see which companies are generating interest, and its also making it easy to understand and act on its predictions with charts and other data visualizations. For a limited time, everyone can unlock Crunchbase’s predictive private company intelligence for free. ↗

Addepar launches Alts Data Management, Private Fund Benchmarks, and cash flow forecasts in Navigator. These capabilities are purpose built to enhance data-driven decision-making and boost operational efficiency for advisors and institutions managing portfolios with alternative investments. 1- Addepar Alts Data Management - simplifies the complexities of managing alternatives by collecting and extracting key information from a range of alternatives documents including capital account statements, distribution notices, and capital calls. Combining AI technology with human verification by trained analysts, it automates workflows to increase efficiency, ensure data accuracy, and provide a timely view of private fund investments within the Addepar platform. 2 - Addepar Private Fund Benchmarks - offers quarterly and since inception performance data to help advisors and institutions analyze, report, monitor, and identify key performance drivers in their private fund investments. Built from aggregated and anonymized data within the Addepar platform, the benchmarks are constructed using cash flow data from approximately 12,000 funds, 4,400 managers, and 115,000 LP positions and have been academically vetted. Private Fund Benchmarks empower investors to refine strategies and gain insights into private market performance. 3 - Addepar Cash Flow Forecasts in Navigator now features private fund cash flow forecasts that leverage a new aggregated and anonymized dataset of capital calls and distributions from across the Addepar platform. With built-in assumptions based on actual historical cash flows, clients can generate forecasts based on real investment patterns across alternative positions including private equity, venture capital, and private debt. ↗

FIS unveils Digital One Commercial (formerly Dragonfly Universal Online Banker). Digital One Commercial delivers business banking services at scale with payment functionality and an API library. Digital One Commercial operates within the FIS Digital One ecosystem, delivering a suite of configurable digital banking solutions that provide consistent experiences across all banking channels. Digital One Commercial benefits include: 1 - seamless integration and human-centric digital experiences while ensuring efficiency, stability, and compliance. 2 - Unlock liquidity and flow of funds by synchronizing transactions, payment systems, and financial networks without compromising speed or security. 3 - Unlock a cohesive financial ecosystem and insights for strategic decisions to expand operations while optimizing performance. ↗

ValueWorks reveals platform version 1.25. The latest release brings new features designed to enhance business operations, including: 1 - No-code query builder – Build custom reports without technical expertise, 2 - OPOS upload for accounts payable & receivable and 3 - Fiscal year reporting. ↗

DEAL ACTIVITY

73 Strings secures $55m Series B. The round was led by Growth Equity at Goldman Sachs Alternatives, with continued investment from Blackstone Innovations Investments and participation from Golub Capital, Hamilton Lane and Broadhaven Ventures. New innovation and product expansion: 1 - Building smart systems with LLMs: Harnessing LLMs to build agentic AI systems that generate custom insights, enabling fast and informed decisions, and unlocking value from the platform. 2 - Benchmarking & Predictive Analytics: Allowing data-driven decision-making by integrating benchmarking insights and advanced analytics, enabling clients to compare performance, assess trends and make informed strategic decisions. 3 - Portfolio Simulation: Advanced sensitivity analysis and exposure modeling tools, empowering firms to evaluate the impact of key inputs on portfolio performance and valuations. 4 - Dashboards & Analytics: Launching an intuitive dashboard engine designed specifically for the complexities of private capital data to extract deep intelligence and actionable insights, changing portfolio monitoring, valuations, and data management. ↗

PARTNERSHIPS & INTEGRATIONS

iCapital and LPL expand relationship to provide LPL advisors with access to iCapital's private markets investment products. This strategic collaboration now extends beyond structured investments to alternative investments such as hedge funds and private equity. The expanded relationship will provide LPL advisors with access to a menu of alternative investment products tailored for LPL advisors and their clients, which enhances their ability to integrate private markets allocations into client portfolios. In addition to the investment menu, this expansion includes a dedicated distribution relationship, ensuring LPL advisors receive tailored support for both structured investments and alternatives. ↗

Capsa AI partners with Perplexity AI to integrate real-time web data into Capsa AI’s AI Assistant. With this partnership, private equity professionals will receive: 1 - real-time insights beyond the CIM. 2 - the ability to validate private data against live benchmarks. 3 - AI-driven market trends & peer benchmarking to expand due diligence scope. 4 - enrich private deal docs with external intelligence. ↗

Northern Trust expands collaboration with Alchemy to support €1bn special opportunities fund. Northern Trust strengthened its long-standing partnership with Alchemy Partners, providing expanded asset servicing solutions for the newly launched Alchemy Special Opportunities Fund V. Northern Trust will deliver fund administration, depositary, banking, custody, and credit services from its Guernsey office. ↗

In collaboration with MSCI, Zoe Financial has brought enhanced Direct Indexing to the Zoe Wealth Platform. Through this partnership, Zoe Financial will integrate MSCI's custom direct indexes into its Zoe Wealth Platform, enabling advisors to build custom portfolios that align with clients' financial goals, risk tolerance, and preferences. This integration will enhance the client experience, equipping advisors with advanced direct indexing capabilities to deliver personalized and tax-efficient investment solutions. ↗

Convergency Partners and CENTRL form strategic alliance to accelerate adoption of AI-powered due diligence solutions. The goal of this partnership is to foster awareness and accelerate the adoption of AI-powered solutions for streamlining and enriching DDQ, RFP, and related communications for the investment management industry. The CENTRL-Convergency partnership is positioned to help investment firms enhance their diligence processes across their research, investor relations, and other teams by leveraging workflow automation and domain-trained AI capabilities. ↗

Investor Communications Japan expands partnership with Broadridge for handling Participant Information Disclosure requests on its electronic proxy voting platform. ICJ provides electronic proxy voting platform services for Japanese issuers and domestic and global institutional investors aiming to digitalize the AGM process. ICJ will use Broadridge JASDEC Processing Solution for the process of managing proxy voting data and reduce administrative risks and errors, while incorporating the secure handling of subscriber information into the process. ↗

Standard Metrics forms strategic partnership and integration with Derivatas, a provider of venture capital valuation software and services. With Standard Metrics and Derivatas partnering together, firms can automate their valuation workflows, maintain a source of truth and trust that their valuation data is error-free. With the click of a button, portfolio company metrics, fund information, and relevant documents from Standard Metrics will sync with Derivatas’ valuation module, ensuring accurate valuations with minimal manual effort. This integration delivers the following advantages for shared venture capital customers: 1 - Time Savings: eliminate manual data entry and reduce the time spent on quarterly valuation processes. 2 - Automated data synchronization minimizes the risk of data entry errors. 3 - Enhanced Analysis: enable timely and accurate portfolio performance analysis for GPs/LPs. ↗

Kirkland Capital's Income Fund I is now available on the Alto Platform to enhance access to alternative fixed income investments. The Kirkland Income Fund I is an evergreen fund offering monthly subscription opportunities, available to accredited investors on the Alto platform with a minimum investment of $50,000. ↗

LPL Financial selects SUBSCRIBE to modernize alternative investment platform. Through the SUBSCRIBE platform, LPL will be able to scale its custom private markets program and all related workflows on a single platform. SUBSCRIBE’s platform will provide LPL’s financial advisors a central venue on which to discover, research, transact, and operate investments across their products. LPL’s home office and compliance professionals, along with their financial advisors, will also achieve confidence in the investments they make for their clients from the compliance overlays SUBSCRIBE provides that allow for monitoring and supervision. These modules validate advisor registrations, account pre-qualification and suitability, sales-kit delivery and more. ↗

The National Pension Service of Korea unveils technology platform unified by BlackRock’s Aladdin. NPS has gone live on BlackRock's Aladdin technology platform as an end-to-end solution that provides investment teams with a holistic view of global equity and fixed income portfolios on one platform. In addition, State Street and BNY are providing specialized middle office and investment operations services for investment areas that are integrated into the Aladdin platform, further enhancing the efficiency and effectiveness of NPS's investment operations. The integrated investment platform has gone live across NPS’s global operations, including offices in South Korea, New York, London and Singapore. ↗

BNP Paribas Securities Services taps Broadridge for Global Class Action solution. By adopting Broadridge’s automated claim processing, data analysis, and management tools, BNP Paribas will be able to identify, file and recover investment losses. In addition to the technology, BNP Paribas Securities Services will gain access to Broadridge’s industry expertise through its global class action services team, which includes administrators, claims auditors, data specialists, and securities litigators. This will enable BNP Paribas’ clients to obtain required information to support their decisions on claim recoveries, facilitate investor participation in settlements and support business functions. ↗

Broadstreet Impact Services selects Entrilia as its new fund administration software provider. With Entrilia's platform, Broadstreet enhances its ability to deliver different solutions to a range of clients—from community-focused investment funds to institutional-scale impact fund managers. The Entrilia platform enables Broadstreet to centralize and streamline fund administration while adapting to its clients' specific needs. ↗

PACT Capital chooses LemonEdge for back-office operations. Headquartered in New York, PACT leverages advanced technology, including its proprietary imPACT platform to assist fund managers in improving internal operations and outcomes for underlying portfolio companies. The PACT team had knowledge of legacy systems and was looking for a next-generation solution to build on its technology stack. With its native fund structure management, waterfall calculation engine and ILPA reporting capabilities, LemonEdge proved itself to be the end-to-end back-office platform that PACT was looking for. ↗

Bregal Private Equity Partners selects Chronograph to bolster its portfolio monitoring capabilities, bringing automation to data collection, reporting, and analysis. Bregal Private Equity Partners manages a diversified portfolio of private equity fund investments, with more than 215 commitments made since 2002. The team also makes co-investments and participates in secondary transactions. ↗

OFFICE & PERSONNEL

Canoe Intelligence appoints Chris Jones as Chief Revenue Officer and promotes Mike Muniz to Chief Strategy Officer. Jones brings previous experience of scaling revenue and building teams across public, private equity, and venture-backed SaaS companies. While Mike Muniz, Canoe’s current CRO, will transition into the role of Chief Strategy Officer, where he will focus on long-term growth initiatives, strategic partnerships, and product innovation. Most recently, Jones served as CRO at Sift, where he strengthened global sales, partnerships, and customer experience. Muniz, who has played a role in Canoe’s commercial success, will now lead strategic initiatives. ↗

FundGuard adds Shali Mor as VP of Engineering. Mor previously co-founded Protego and served as VP of R&D until its acquisition by Check Point in 2020. Following the acquisition, he joined Check Point, where he held several senior managerial and technology roles, ultimately serving as CTO of CloudGuard. Prior to that, he was an R&D manager at Cisco. ↗

Maria Orlova joins Alkymi as its new Head of Marketing. Orlova's previous experience includes leading marketing teams at d1g1t, InvestX Capital, Informa, The Economist, and Goldman Sachs. ↗

Jeremy Singham has started a new position as Head of Fund Operations at IQ-EQ. Singham has been with IQ-EQ for the last 14 years. Most recently he was a Director - Funds. ↗

Hypercore welcomes Shay Nir as its new Senior Marketing Manager. Nir's background is in building and scaling marketing functions, fostering industry engagement, and driving strategic growth. Before joining Hypercore, Nir was the Marketing Manager at Orca AI. ↗

ROYC adds Brian Philip Jensen as its new Senior Client Director in Denmark. Jensen spent the last 16+ years at Nordea Asset Management, where he was most recently a Portfolio Manager within Nordea Private Equity. ↗

VENDOR RESEARCH & WHITEPAPERS

Anduin has a new blog, "The Cost of a Fragmented Tech Stack in Fund Operations". Anduin feels that no matter how sophisticated a fintech setup is, critical issues can arise if the systems don’t integrate. In this blog, Anduin goes over benefits of an integrated tech system. ↗

AWARDS

The winners from the 4th annual WealthBriefing WealthTech Americas Awards 2025 have been announced.

Winners from our Vendor Profiles database include:

Artificial Intelligence (AI) Application - Canoe Intelligence
Client/Consolidated Reporting - SS&C Black Diamond® Wealth Platform
CRM Provider - Dynamo Software
Data Management and Analysis - FactSet
Investment Platform or Tools - Charles River Development
Overall US WealthTech Provider - Addepar
Overall Canadian WealthTech Provider - Broadridge Financial Solutions

Congratulations to all the winners!! ↗