Over the past year, there has been a surge of partnership agreements between various private equity-focused tech providers. Additionally, these same tech providers have joined forces with a number of service providers. But who is doing what, with who?
Tech provider partnerships
The plethora of tech provider partnerships announced in the last year carry commonalities,
namely to automate manual processes, automate data collection and provide cloud storage, as well as streamline workflows.
Automation & streamlined workflows
Diligend & eVestment
Due diligence software provider Diligend announced its partnership with eVestment, in a bid to automate tasks and data requests from LPs and consultants. By joining forces, the pair aim to enable clients to complete more of their due diligence process via one solution.
LemonEdge & Accelex
Fintech start-up LemonEdge, formerly known as LemonTree before its rebrand in summer 2021, provides a low-code development platform for complex data and accounting needs. The platform teamed up with data acquisition, analytics and reporting provider Accelex to help private markets clients to further automate their front to back office operations. Together, they aim to do this by streamlining data workflows and removing manual processes.
LemonEdge & Chronograph
LemonEdge also partnered with portfolio monitoring technology solution Chronograph, to streamline front-to-back office investment operations. They aim to do this by enabling clients to integrate Chronograph’s investment performance data with LemonEdge’s single, end-to-end fund administration and accounting processes.
LemonEdge & Freyda
LemonEdge's third partnership features data extraction start-up platform Freyda. The duo aim to enable asset managers to automate and modernise their back office and investment management processes, by enabling institutional investors and fund administrators to automatically pull structured data directly into accounting information.
Canoe Intelligence & Bipsync
US financial technology company Canoe announced its partnership with research management software provider Bipsync. This joint venture plans to streamline and automate investment document collection and categorisation processes for clients.
Intapp & Microsoft
Cloud software solutions provider Intapp has joined forces with technology giant Microsoft in a multi-year partnership. The pair aim to accelerate the digital transformation across financial services, including private capital, investment banking, legal, accounting and consulting firms.
Broadridge & Amazon Web Services
Fintech company Broadridge Financial Solutions teamed up with Amazon Web Services (AWS) to launch a PE blockchain solution with the aim of improving communication between fund managers, investors and administrators by automating workflows.
Domos & SimCorp
The end-to-end solution joined forces with the multi-asset investment management solution to provide a front-to-back office solution across public and private asset classes, for LPs, GPs and service providers.
Data collection and storage
Allvue & Snowflake
Allvue announced it had partnered with data cloud company Snowflake, with the view to providing a centralised cloud solution for clients’ data storage and processing capabilities.
Allvue & Pitchbook
The solution also announced a joint venture with Pitchbook in order to increase its data offering to LPs.
ESG Enterprise & GaiaLens
Houston-based ESG SaaS and data analytics platform ESG Enterprise has teamed up with London-based ESG data and scoring platform GaiaLens. The partnership enables both platforms to help clients across the US and Europe, while benefiting from ESG Enterprise’s AI technology and GaiaLens’ machine learning capabilities.
Tech and service provider partnerships
Beyond partnerships with tech providers, software companies are also teaming up with service providers. Similarly, these partnerships are also all linked by the common goals of automating and streamlining workflows, data collection and storage, and digital use cases for private capital funds.
Automation & streamlined workflows
Streamline reporting processes
Further streamline reporting capabilities for GPs and LPs
Automate and scale its alternative investment processes
Provide clients with an alternative data management solution
Portfolio Advisors & ExchangeLodge
Scale document and data management processes for its private market investments
Support clients on their digital transformation process
Streamline and automate back office accounting and operations
To provide implementation, data aggregation, and configuration services to PE and VC firms.
To boost operational efficiencies for fund managers via private investment data
To automate alternative investment data workflows
The ID Register's partnerships
KPMG (in the Crown Dependencies)
To help firms shift to digital and grow quicker, with lower risk and smoother onboarding
To provide Cayman funds with an AML/KYC and onboarding solution
To provide investors and fund managers with a digital KYC onboarding solution
73 Strings & Lionpoint
The fintech firm formed this partnership with the consultancy to help alternative investment funds to further digitise their finance and back office operations, starting with valuations.
Governance.com & Apex Group
The low-code process management platform has teamed up with the fund administrator to digitalise and automate its regulatory process management systems.
Fenergo & Aztec Group
The client life-cycle management digital solution partnered with the fund administrator to digitally upgrade its investor onboarding.
DealCloud & IQ-EQ
The CRM system has been adopted by the fund administrator to enhance client relationship management.
eFront Invest & Ocorian
In a bid to upgrade its tech offering to funds, Ocorian expanded its relationship with eFront, which it has been using for some time, to include its Invest platform.
Figure Technologies & Apollo
The fintech startup has teamed up with the asset manager to collaborate on a series of blockchain-enabled initiatives across the investment lifecycle.
Data collection and storage
Mainstream Fund Services
To automate private capital data operations
To enable faster, accurate extraction of financial data for institutional fund and private wealth clients
NeoXam & EFA
NeoXam’s Impress platform aims to increase the efficiency of regulatory reporting for European Fund Administration (EFA).
Explore digital uses for alternative investment funds
Digital Asset & CAIS
Software and service provider DAIS has joined forces with CAIS, which provides financial advisors with access to alternative investment funds, as well as education about strategies via its CAIS IQ learning system. Together, the pair aim to explore specific case uses for blockchain, distributed ledgers and smart contracts between wealth management and alternative investments. Use case examples include faster investor authentication, the elimination of subscription documents and the resolution of liquidity needs for funds and products.