This Week’s Vendor News

NEW & UPDATED PRODUCTS

Edda has officially launched HERA.I:, a new set of AI investing tools. HERA.I's features include: Pitch Deck Reader: this tool reads your company’s pitch deck, extracting its key information. Due Diligence Assistant: This assistant boosts due diligence with its knowledge about anything. Decision Writer: This feature simplifies the process of “saying no” by crafting personalized decision emails, which saves time. Cap Table Importer: Cap table management using AI specifically-trained to scan this financial document. FinGreen AI Integration: HERA.I users have access to FinGreen’s data and reporting, bringing sustainability solutions and portfolio management together on Edda. ↗

Grata has launched a new feature, List Library. With List Library, Grata users gain access to more than 4,000 curated lists featuring companies that have been vetted by reputable publishers, so users can identify the top-ranked companies in their market. This feature is designed to make your sourcing efforts as efficient as possible, saving time and boosting productivity. ↗

Preqin has launched Term Intelligence benchmarks. This new solution enables users to compare economic and non-economic LPA terms against the wider market. ↗

GF Data has announced that its updated website will be ready within the next quarter. The new update will make it easier to navigate and access reports as a subscriber. ↗

Equipped Analytical Intelligence has introduced Minerva, a new investment management platform for alternative investors. Minerva's CRM automatically captures and organizes unstructured information across your organization, giving your team access to a growing database of thematic content about your deals, opportunities, investors, and advisors. ↗

Bite Stream has unveiled a new feature on its platform. Bite Stream's Assist Invest feature gives wealth managers and financial advisors access to your platform on behalf of their clients, allowing them to: create investor profiles and E-sign sub-docs, which saves time and simplifies client interactions. ↗

Vestlane has officially rebranded. Vestlane has developed a new tech product that tackles real problems in private market fund operations. Vestlane's goal is to make fund operations easy for everyone, from fund management teams to investors. ↗

SS&C Tier1 has plans to leverage AI within the next year. With Tier1 Generative AI, users will be able to access and comprehend contact or account profiles, as well as holdings and ownership data, in user-friendly formats, eliminating the need for manual queries and searches. The benefits will be: saving time, reducing the amount of searches, prompts and filters, streamlined access to features and gaining insights into client activities, meetings, preferences and more. ↗

Position Green has launched three new features on its platform. 1 - Plan and Strategize, which is a new product to make it easier for users to connect the dots between sustainable strategy and execution. 2 - updated Carbon Accounting experience, which allows users to better manage and analyze carbon metrics more efficiently. 3 - a whole new Solution Hub, which provides users with an executive summary of key metrics and has a built in guidance of important carbon accounting concepts. ↗

Beauhurst's ESG dataset is now live. Beauhurst has launched this dataset to enable its clients to understand whether a company is having a positive environmental or social impact. Additionally, Beauhurst created Signals as a way to interpret the data. They made five groups of Signals that indicate whether a company has a particular characteristic. They are: Growth, Innovation, Environmental, Social & Governance and Risk. Beauhurst Signals provides clients with a simple way, without having to be a data analyst, to understand the data, with a few clicks. ↗

Version 12 of Atfinity has a new field type: Rich Text Field. This gives users the option to provide the text in a case with formatting such as lists, bold, cursive and more. This new field type was added to improve its user experience. ↗

AlphaSense has announced a new feature on its platform. This new feature, located on Dashboards, shows any new docs since the last time the dashboard was looked at. ↗

DEAL ACTIVITY

Broadridge Financial Solutions has acquired AdvisorTarget. AdvisorTarget collects advisor behavioral intent data and helps asset managers identify new advisor relationships where purchase intent aligns with product strengths. Adding AdvisorTarget’s advisor insight to Broadridge’s existing data and analytics suite will enable asset managers to better target advisors and drive their growth strategies. Broadridge clients will benefit from a more fully integrated, data-driven, digital marketing and sales offering to achieve sales efficiencies, improve customer experiences, and enhance sales and revenue opportunities. ↗

data.ai has been acquired by Sensor Tower. Sensor Tower has added data.ai’s product, input data, and team to its company. By merging data.ai and Sensor Tower, this bolsters data quality, accuracy, coverage, data privacy, and compliance. data.ai's LinkedIn page is now merged with Sensor Tower's LinkedIn. ↗

Solutions by Text is raising $110 million in new growth financing, co-led by Edison Partners and StepStone Group. Solutions by Text is a platform for compliance-first messaging and payments. With this investment, Solutions by Text will continue accelerating growth with large financial institutions, expand its payments and AI capabilities, and seek inorganic opportunities. ↗

PARTNERSHIPS & INTEGRATIONS

Addepar Research has partnered with Opto Investments. Opto partners with advisors, CIOs, and other fiduciaries to solve the challenges of building and distributing customized private markets solutions at scale. This new partnership provides Opto with a systematic way of approaching manager selection using Addepar's data, tools and insights. ↗

Passthrough has a brand new integration with Salesforce. Passthrough users can now update your Salesforce CRM with your Passthrough sub doc data, and vice-versa. ↗

Canoe Intelligence and InfoGrate have formed a consulting partnership to support family offices through fintech evaluations. InfoGrate is a boutique consulting firm that provides a retained/outsourced CTO and development team for single and multi-family offices. This partnership aims to provide a better mutual client experience for both companies. Together, the two firms will service a variety of advisory group types, including single family offices, multi-family offices, trust companies, boutique registered investment advisors, wealth management advisors, and private banks. ↗

PGIM, a global provider of active investment strategies across the globe, has joined FactSet's Model Center. FactSet Model Center provides advisors access to asset manager and strategist’s prebuilt model portfolios to implement across their business. FactSet advisors have the flexibility to customize, combine, and implement model portfolios in a streamlined workflow. ↗

Nasdaq and Microsoft are collaborating to redesign the boardroom experience using AI. Nasdaq's Capital Access Platforms division has introduced new AI powered capabilities for the Nasdaq Boardvantage Board Portal on Microsoft Azure. These capabilities, powered by Microsoft Azure OpenAI Service, are designed to help governance teams summarize board materials. Nasdaq expects that the integration of generative AI into Nasdaq Boardvantage will help automate cumbersome and manual governance processes – such as summarizing reports, presentations and agendas – and enable directors to be better prepared for meetings. ↗

Pantheon and iCapital have announced a global partnership to distribute Pantheon open-ended products in the wealth management channel. Providing a suite of technology and structuring capabilities, iCapital will help deliver access to Pantheon’s evergreen offerings globally, including the firm’s first open- ended, semi-liquid private equity offering available outside of the US, targeting markets with growing demand across Europe, the Middle East, Latin America and Asia. ↗

BondCliQ is partnering with FactSet, making BondCliQ’s fully licensed corporate bond pre-trade data available to FactSet users. BondCliQ is a central market system for US corporate bonds. As part of this partnership, all FactSet Workstation Buyside and Wealth users and all Portware EMS users, will be able to access the full quoted market in any corporate bond quoted by BondCliQ’s 40+ dealer partners. ↗

ListAlpha MS Teams App is now available in Microsoft AppSource. Microsoft Teams customers worldwide can now access ListAlpha directly from the MS Teams app in order to share insights and drive deal team productivity. The ListAlpha Teams App allows to seamlessly share notes and insights from the ListAlpha platform across to teammates, conversations or channels. This integration allows users to read the content of the note inside of the Teams chat, saving valuable time for the deal teams. ↗

LD Pensions has chosen FactSet's risk analysis and portfolio performance tools. FactSet’s products provide LD Pensions with the ability to deliver seamless and streamlined solutions by combining portfolio data and analytics to drive informed investing. LD Pensions selected FactSet to improve investment portfolio risk analysis and enable users to understand drivers of return in one unified platform. ↗

MassMutual has selected CAIS to expand advisor access to alternative investments. In order to expand access to more alternative offerings and make investment processes more streamlined, the CAIS alternative investment platform is now available to financial advisors affiliated with MML Investors Services. Access to CAIS IQ will also be available. ↗

Charles Schwab & Co. has made iCapital its exclusive alts partner. Additionally, Charles Schwab & Co. has plans to roll out its own branded alternative investments platform solution for qualified purchaser investors sometime later this year. ↗

Partners Group has selected Northern Trust to provide asset servicing solutions for its new ELTIF Evergreen fund. Northern Trust is providing Partners Group with fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund-compliant Evergreen Fund. This new fund Partners Group’s first launch under the updated European Union regulation for ELTIFs enacted in January 2024. ↗

Corient Private Wealth has chosen Addepar as its central platform for client portfolio data aggregation and performance reporting. Corient Private Wealth is a US wealth management firm serving high- and ultra-high-net-worth clients. By partnering with Addepar, Corient will be able to create firm-wide efficiencies and streamline its tech stack and data management, minimizing complexity while elevating both the advisor and client experience. ↗

OFFICE & PERSONNEL

Decimal Point Analytics has appointed Dilip Sah as its new Chief Technology Officer. With over 20 years of experience in the technology sector, Sah brings experience in data, AI and Cloud Strategy. As the Chief Technology Officer at Decimal Point Analytics, Sah is at the forefront of orchestrating and implementing its technology roadmap, spearheading innovations, and guaranteeing scalability within its technical infrastructure. ↗

Passthrough has added Mark Mangion to the company as Head of Financial Crime. Mangion is a Certified Anti-Money Laundering Specialist and Certified Fraud Examiner who has a thirteen-year career in the financial crime field. He has been responsible for leading anti-money laundering efforts, financial investigations, and regulatory compliance efforts for a wide array of companies and organizations. For the past two years, Mangion has acted as a financial crime advisor for Passthrough and in this new role he will be working with Passthrough’s customers to address and comply with new regulations hitting the industry. ↗

Robin AI has hired former journalist Ryan Heath as its first Head of Communications. Heath will operate out of New York and report to CEO Richard Robinson. Heath previously served as a global tech correspondent and co-author of the AI newsletter at Axios since April 2023. Before that, he worked at Politico since April 2015, most recently as its Editorial Director. PR firm Inkhouse handled all of Robin AI’s US communications since 2023 and Heath will continue to work with Inkhouse to coordinate announcements, media outreach and thought leadership. ↗

Stableton has announced it is expanding globally. Stableton's goal is to open private market investment to wealth managers around the world. ↗

PFA Solutions has announced one new addition and one promotion at the company. Gregory Sanders is a Client Success Consultant who just spent the last four years with Allvue as a Senior Implementation Consultant. Isaac Chang is a new Client Success Manager and has been with PFA Solutions for the last year. Before PFA Solutions, Chang was a Consultant at SteelBridge Consulting for more than two years. ↗

Rachael Knott Tucker has joined the Sourcescrub Board of Directors. Tucker brings over two decades of experience scaling data, software, and analytics businesses with a focus on customer-centricity and strategic innovation. As a former senior executive at Moody’s Corporation, she has defined and implemented global strategies in go-to-market, M&A, international expansion, and corporate strategy. ↗

Kroll has appointed Jon Rowell as its Head of Asia Pacific Region. In this role, Rowell will oversee Kroll’s strategy and vision for the region and lead commercial and client growth initiatives in the APAC market. Rowell joins Kroll with more than 30 years of experience advising clients on business, valuation and accounting-related issues across the APAC region, the Caribbean and Europe. Most recently, Rowell served as Head of Asia and Caribbean for FTI Consulting. ↗

Stergios Verekos has started a new position as Principal, Solution Consulting at Vitech Systems Group. Before joining Vitech, Verekos worked in real estate for over 14 years. ↗

Rio has welcomed Thomas Pruden as its new Associate Director, Financial Services. Based in London, Pruden brings a understanding of sustainability practices, essential for crafting sustainable financial strategies. Previously at Deloitte, Pruden led initiatives around the EU Taxonomy Regulation, developed the 'Taxonomy Map' framework and supported clients with sustainability disclosures under various directives such as CSRD and SFDR. ↗

Patrick O'Callaghan is a new Director, Customer Success at Ontra. Before joining Ontra, O'Callaghan was a Principal Enterprise Customer Success at Juniper Square, where he spent over six years. ↗

Sam Ozanne has been appointed as Director, Private Wealth for Guernsey at IQ-EQ. With over 20 years experience working within the trust industry, and as an ACCA qualified accountant, Ozanne brings experience and dedication to the team. Before joining IQ-EQ Ozanne was a Director at RBC where he spent more than nine years. ↗

OneTrust has added two new team members to its company. Forrest Kitlas is a new Vice President, HR Business Partnership and Adam Inglis is a new Assistant General Counsel, Corporate. ↗

VENDOR RESEARCH & WHITEPAPERS

DiligenceVault has a new blog, "Seven Considerations for Private Credit GPs Fundraising and Investor Relations Teams". In this blog, DiligenceVault has summarized seven considerations for capital formation and investor relations teams at private debt / private credit GPs. ↗

Delio has a new article, "Discussing the benefits of digitally native private markets deal structuring". In this article, Delio gives examples of advantages of digitally native deal structuring for clients, which include cost savings, standardized processes, faster time to market and more. ↗

Holland Mountain has a new blog, "The Benefits of Tracking and Reporting Value Creation Initiatives". In this blog, Holland Mountain explains why having a repeatable value creation framework can only help to achieve consistent results and can alleviate the operational challenges facing deal teams. ↗

Affinity has a new blog, "A guide to Salesforce data cleansing". Affinity feels that the key to improving data-driven sales performance in Salesforce organizations is by doing a Salesforce data cleansing. In this blog, Affinity discusses the impact of poor-quality data on the sales process and how you can use data cleansing best practices to improve your Salesforce data. ↗

Moonfare has a new blog, "What do the latest economic predictions mean for private equity?" In this blog, Moonfare describes how global M&A is showing signs of recovery, which suggests cautious optimism for private market activity. ↗

Affinity has a new article, "Account planning: How to grow key accounts and increase revenue". In this article, you’ll learn why strategic account planning should be a key part of your team’s sales process and how to create effective sales account plans for your existing customers. ↗

Quva has a new blog, "The Benefits of a White Label Client Investor Portal". In this blog, you can discover how Angel Networks and Private Investor Networks can enhance their digital strategies with a white-label client investor portal. ↗

Apex Group has a new blog, "4 approaches to enhance internal capabilities for asset management growth". In this blog, Apex explores four specific approaches that asset managers are employing to navigate the challenges and complexities of scaling their operations. Each approach comes with its own set of challenges, solutions, and key considerations. ↗

AWARDS

Enedis has named SWEEP as its "Startup of the Year", in an award ceremony at Viva Technology 2024 in Paris. ↗