This Week’s Vendor News
NEW PRODUCTS & ADD-ONS
Allvue has released a Private Equity and Venture Capital Essentials solution designed to provide emerging firms with systems that are intended to reduce risk and optimize growth for GPs.
Allvue’s solution set will include accounting, reporting, and investor communication software created to scale with growing firms.
Says Allvue of their new solution: “The fully integrated platform streamlines workflows and unlocks access to extensive reporting solutions that empower users to readily provide sophisticated and personalized communications to their investors including the ability to incorporate customized ESG KPIs to improve the streamlining of ESG data collection and reporting.”
Full details here.
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Dealcloud has released new relationship intelligence insights that were designed to help leverage dealmakers’ networks for growth.
Says Dealcloud of their new tool: “DealCloud relationship intelligence identifies who knows whom and establishes relationship scores based on the volume, recency, and type of engagements by passively harvesting metadata from Microsoft Exchange emails and events. The tool provides a new layer of insights that helps users find the clearest and most influential path to opportunity with other firms and dealmakers — with zero data input required.”
Full story here.
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FIS Global has made a shift to design thinking in creating new and innovative solutions, a strategy the firm believes is a better method of tackling unanticipated challenges.
FIS Global describes design thinking as an approach to creative problem solving that has been described as a combination of methodology, culture, and philosophy.
Says FIS on design thinking: “Design thinking is not about just building products or services, but also about providing the right solutions and solving real problems. It focuses on identifying the right questions and core problems that are important to the users. It necessitates interactions with users and an understanding of their environment.”
More details here.
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MJ Hudson releases ESG Advantage which guides users on a step-by-step basis through tracking important data and automating analysis and reporting.
Said MJ Hudson CEO, Matthew Hudson on the new product: ‘“As the demands on private market firms increase and ESG frameworks, regulations and standards increase day-by-day, the need to simplify and streamline ESG data collection and assessment is paramount. In Europe, the confusion surrounding impending SFDR requirements also ups the pressure on the asset management industry to fully integrate ESG. Designed specifically for private markets strategies, ESG Advantage streamlines the entire assessment and reporting process. It is important for the asset management industry to shine a strong light and create transparency and honesty into their hard work to build more sustainable funds and portfolio companies.’”
ESG Advantage is built into MJ Hudson’s suite of asset management products and tools available in MJ Hudson’s proprietary data and analytics platform, Advantage IQ.
Full story here.
DEAL ACTIVITY
Tegus has acquired BamSEC to deliver financial filings and earnings calls through its business intelligence platform.
Says co-CEO and co-founder of Tegus, Thomas Elnick, ‘“BamSEC has harnessed the combined power of high-quality data and best-in-class software to build a product that is beloved by customers. When we ask Tegus users which other product they use and love, BamSEC is at the very top of the list.’”
The transaction is currently expected to close in November.
Full details here.
HIRING & PERSONNEL
Preqin has named Christoph Knaack as its new CEO, effective January 1, 2022.
Knaack is the current chief strategy and product officer at Preqin, and originally joined the company in 2020 after previously working at hedge fund Davidson Kempner, Kohlberg Kravis Roberts, and Morgan Stanley.
From IPE.com: “Preqin’s founder and current CEO, Mark O’Hare, will remain a member of Preqin’s board of directors, and as the company’s principal shareholder, will support Preqin’s executive team with strategic guidance, as well as engaging with customers, partners and other stakeholders in the market.”
More details here.
VENDOR WHITEPAPERS
Sutton Place Strategies (SPS) has released their Deal Origination Benchmark Report, focusing on PE market coverage.
The benchmark report includes results on 157 qualified PE firms and is segmented into 8 peer groups.
Full report here.
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