This Week’s Vendor News

NEW & UPDATED PRODUCTS

AlternativeSoft has launched its Managed Service Solution. Features of AlternativeSoft's new Solution include: seamless access anywhere and anytime, cost containment, flexibility and scalability, short time to production, 24x7 availability, and a comprehensive suite of tools. ↗

Allvue has launched a new Fundraising solution. Allvue’s new Fundraising solution includes a Fundraising Portal and Fundraising Pipeline to enhance efficiency and enable funds to raise capital with ease. Allvue’s Fundraising Portal is the central hub where prospective investors can see their active fundraising rooms in a single location. The portal offers configurable data rooms tailored for each investor—featuring fund highlights, secure document sharing, single-sign on with Allvue’s Investor Portal, all from a single location. The Fundraising Pipeline module gives GPs a 360° view of each prospective investor and fully digitizes pipeline workflows, allowing GPs to tailor stages and tasks to meet their specific needs. Through this streamlined approach, Allvue ensures a seamless fundraising experience for both GPs and LPs. ↗

FINTRX has released its newest platform feature: ETF analytics for Registered Investment Advisor portfolios. This new functionality provides insights into how RIAs are utilizing ETFs, offering intelligence for financial product distributors and asset managers. New data points include: percentage of active vs. passive ETFs in portfolios, share of wallet for individual ETFs and quarter-over-quarter changes in specific ETF holdings. With this new feature, FINTRX is helping its users to: identify trends in ETF adoption among RIAs, analyze wallet share coverage and find opportunities to win business, tailor their product offerings to meet specific market demands and monitor trends and changes of competitor funds. ↗

S&P Global Market Intelligence has introduced Script Insight – a new tool for investor relations officers to gain transparency into how NLP algorithms interpret their earnings call remarks. This secure, locally-installed software allows issuers to analyze and optimize their documents before public release. ↗

Venture360 has added new Beneficiary Designation Forms on its platform. Beneficiary Designation Forms are designed to allow for smooth and secure transactions. This new product ensures a seamless experience for Venture360's users, providing security and efficiency in managing beneficiary information. ↗

Hypercore has launched its latest platform feature: the Borrowers Data Management Module. This new module is designed to simplify borrower´s data and information and also to enhance security. Features of this module include: the ability to build and send secure borrower forms, track application workflows, and help identify the deals worth pursuing. ↗

SS&C has launched LoanStream for syndicated lending. By eliminating the need for multiple platforms and inefficient manual processes, LoanStream brings efficiencies to loan issuance, syndication and reporting. Features include: a modern, end-to-end experience, secure file sharing, CRM and bookbuilding and agency reporting. ↗

Equipped Analytical Intelligence has launched a new ESG module within its all-in-one platform, Minerva. This new module allows users to: streamline ESG reporting, ensure compliance and drive sustainable impact. This new module is in response to clients needing a new tool to navigate and report on ESG criteria. ↗

WealthBlock has introduced new features on its platform to change investor onboarding, marketing and reporting for global asset managers. These new platform features include: 1 - Onboarding and e-sign functionality that helps firms avoid investor drop-outs caused by onboarding friction. WealthBlock creates custom onboarding flow(s) to accommodate any type of investor. WealthBlock also converts any legal document into an e-sign ready format in minutes; runs compliance checks within the flow (Know Your Customer, Anti Money Laundering, Accreditation, Suitability, Non-Disclosure Agreements); and tracks investor engagement activities. 2 - Investment Marketing function that allows firms to avoid wasting time chasing the wrong prospects. WealthBlock creates custom investment presentations; presents documents in custom data rooms with access control; aggregates data into single source of truth by combining all relevant tools; and tracks all engagement activities . 3 - Investor Reporting capabilities that aim to avoid capital loss caused by investor frustration with an inefficient asset manager. WealthBlock creates an interactive dashboard with custom calculations, datasets, and visualisations; distributes documents seamlessly with auto notifications and engagement tracking; and aggregates all sources of data into one place for reporting. ↗

S&P Global Market Intelligence has introduced its new iLEVEL Peer Comparables module, which streamlines and enhances performance benchmarking. S&P Global has integrated its S&P Capital IQ Financials and Estimates data into its iLEVEL portfolio monitoring solution to launch the new module. iLEVEL Peer Comparables provides investors with an up-to-date view of private company valuations by enabling users to seamlessly reference financial data from public companies and compare them to metrics from their own private portfolio companies. ↗

PARTNERSHIPS & INTEGRATIONS

SEI and Canoe Intelligence has announced an enhanced integration to improve operational efficiency for family offices. This new enhanced integration automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data. By automating data transmission and ensuring data consistency, this integration streamlines the accessibility and integration of alternatives data for operational efficiency and to provide family offices with the ability to make confident decisions. ↗

Asahi Global Procurement has announced its new strategic partnership with EcoVadis. Both companies are committed to driving positive change and ensuring responsible practices. By joining forces with EcoVadis, Asahi is enhancing its own sustainability efforts and contributing towards a more sustainable and equitable future. ↗

LibreMax Capital is partnering with iCapital to expand access to its securitized products and asset-backed finance. LibreMax Capital has entered into a partnership with iCapital to offer wealth managers and advisors access to LibreMax’s investment strategy via iCapital Marketplace. Founded in 2010, LibreMax Capital, is a New York-based asset management firm specializing in securitized products and asset-backed finance with $10.5 billion of AUM. ↗

The Investment Company Institute's Diversity & Inclusion RFP Framework is now available on DiligenceVault. DiligenceVault has made a commitment to digitize industry-standard DDQs and frameworks for asset managers and asset allocators by integrating into their diligence process. DiligenceVault is supporting ICI's goal of reducing custom D&I questionnaires that consultants and allocators are asking their managers to complete. ↗

Coller Capital has announced a new partnership with iCapital. This partnership is to provide access to the Coller Secondaries Private Equity Opportunities Fund in the US. ↗

The United States Social Security Administration has adopted Hyperscience for document processing and automation. This contract underscores the SSA’s commitment to modernizing its processes and improving service delivery for Americans. Hyperscience will help deliver end-to-end back-office intelligent automation services to transform the processing of 250 million retiree and survivors’ benefits documents annually. Features of this partnership include: data identification and extraction, seamless integration with SSA’s systems and accelerated decision-making. ↗

Earlybird Venture Capital has chosen VESTBERRY for their portfolio management needs. VESTBERRY allows Earlybird to record and access all essential portfolio data in one place and also supports the automation of manual tasks such as data management and reporting to improve efficiency. Additionally, VESTBERRY's no-code data infrastructure will enable Earlybird to automate data flow between tools in its tech stack and new opportunities for data-driven portfolio management and monitoring. ↗

OFFICE & PERSONNEL

Chris Jeffery has joined Robin AI as their Strategic Partnerships Lead. Before joining Robin AI, Jeffrey was Head of Growth at Flex Legal and also spent 18 years at Thomson Reuters, most recently as Vice President Product Marketing, Legal Tech. ↗

Rory Blazeby has been promoted to Head of Client Relationship Management at IDR. Blazeby will work with the global commercial team to strengthen and grow its client partnerships. He is also responsibility for expanding IDR's client success team and leading key client service initiatives. Rory’s background spans more than 10 years in the private funds industry. He joined IDR in 2021 and has worked across both the commercial and operational sides of the business. ↗

Bunch has hired David Frei as Head of Commercial. Before joining bunch, Frei, who has 12 years of experience in SaaS sales and management consulting, was Head of DACH & Eastern Europe at Swan. ↗

Northern Trust has hired Kai Jebens as Head of Client Development, Southeast Asia, and Chris Vera as Senior Digital Solutions Consultant, APAC for its Asset Servicing business. Based in Singapore, Jebens will lead business development efforts, collaborating closely with sovereign wealth funds, pension funds, asset managers and consultants across the region. He is responsible for driving the growth of Northern Trust's custody, fund accounting, data and digital services. Before joining Northern Trust, he previously held positions at Collibra, BNY Mellon, FIS, Intercontinental Exchange, and Bloomberg. Chris Vera joins with 20 years of experience across investment data, technology, operations and consulting. Prior to joining Northern Trust, Vera held senior positions at BlackRock, AIA, Bank of New York, and a sovereign wealth fund in Singapore. In his new position, Vera will work with clients and prospects in the region to develop and enhance their target operating models. ↗

Daloopa has introduced its new Product Team. The Product Team includes Jae Leeholland, Karen Shi, Ashish Garg, Juwon Lee, and Guru Yerramilli. Leeholland is Head of Product, Shi is Product Manager, Garg is a Senior Product Manager, Lee is Product Designer and Yerramilli is a Senior BizOps & Analytics Analyst. ↗

IQ-EQ has apppointed Florent Michel as its new Sales Director in Switzerland. Michel has several years of experience gained from financial organizations and is a specialist in private markets. Based in Geneva, he will work along Romain Mifsud and Patrik Marti in driving IQ-EQ's sales strategy, while supporting IQ-EQ clients. ↗

IDR has added six new recruits to its people, technology, KYC and onboarding functions. Wilna Fourie is an HR Business Partner, Keketso Mokorosi is a Full Stack Engineer, Ben Stokoe is a Senior Frontend Developer, and Tayla Clemo is a Onboarding Team Lead. Corné Botha and Brian Hwang have also recently joined the company. ↗

EWM Global has introduced five new members who have joined the team over the last few months. Kate Shaughnessy - Marketing Associate, George Margonis – Office Mgmt. & Corporate Operations Junior Associate, Melda Barraza Virgilio – Executive Services and Office Mgmt. Associate, Lauren Decker – Executive Services Associate and Rex Cobham Jr – DAR Transaction Management Associate. ↗

Arcesium has strategically expanded into Europe with the opening of its Lisbon Office. The new Lisbon office, which is equipped with a team specializing in financial services technology, will help facilitate further growth in the region among Arcesium’s client base of institutional asset managers, hedge funds, banks, and private markets funds. ↗

Grant Lowden has started a new position as Global Head of Commercial Development at SimCorp. Before accepting his current position, Lowden was Head of Go to Market Verticals for the past 8 months. Before joining SimCorp, Lowden spent time at TradingScreen Imagine. ↗

Broadridge has appointed David Runacres as President of APAC. Runacres will also assume the role of Senior Country Officer, Japan and is therefore responsible for driving Broadridge's regional operations and overseeing all activities in Japan. Runacres, brings over three decades of experience in the APAC region, has joined Broadridge from the the London Stock Exchange Group, where he spent 12 years as Head of Japan. ↗

PFA Solutions has appointed Amanda Dickinson as a Business Intelligence Analyst. Before joining PFA Solutions, Dickinson was a Business Intelligence & Systems Analyst II at BPX Logistics. ↗

RelPro has welcomed Tricia Michalowski as the newest member of its team. Michalowski is a new Account Executive at RelPro. She joins the company from NetSuite where she was the Business Development Manager. ↗

Qashqade has welcomed Edina Persovits to the company. Persovits has joined Services for Private Markets Team. ↗

VENDOR RESEARCH & WHITEPAPERS

Fundcount has a new blog, "The Key to a Successful Software Implementation Plan". In this blog, fundcount describes why it feels that when it comes to implementing a software program, planning is a vital component that can contribute to success. ↗

AlphaSense has a new blog, "Generative AI in Consulting". In this blog, AlphaSense weighs the pros and cons of wielding GenAI in consulting, and shares the tools that could benefit readers. ↗

Attio has a new blog, "AI and the next generation of CRM". Attio feels that AI represents the most significant shift in the technology landscape since the inception of the internet. In this blog, Attio explores ushering CRM into the AI era and its vision for the next generation of CRM. ↗

DealsPlus has a new blog, "Private Equity Has a Cap Table Problem — And We Have the Solution". In this blog, DealsPlus explains why it feels that having a clear view of ownership structures and cap tables across portfolio companies is crucial. ↗

Grata has a new blog, "The Shortfalls of GenAI in M&A". In this blog, Grata digs into where LLMs can provide value in M&A, where they fall short, and where dealmakers can find better alternatives. ↗

Passthrough has a new blog, "Staying ahead of the legaltech boom: should law firms build or buy?". In this blog, Passthrough explains why it feels that firms don’t need to always build or always buy because both approaches work. Passthrough states that which one you select depends on the use case, appetite to spend of time and effort, willingness to take ownership, and desire to innovate on their own terms. ↗

AWARDS

Datasite Cloud wins M&A Technology of the Year at M&A Advisor’s 15th Annual International M&A Awards. ↗

SEI wins three industry awards for cybersecurity solution. SEI has been recognized with three awards for SEI Sphere, which provides cybersecurity and IT solutions designed to protect and optimize enterprise technology and data. The award wins include: 2024 Global InfoSec Awards by Cyber Defense Magazine, 2024 Fortress Cybersecurity Awards by Business Intelligence Group and 2024 MES Midmarket 100 List by MES Computing. ↗