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IT & cyber security

Drawbridge appoints three

The cyber security software provider also creating a DEI office to expand its talent pool and employee development

Operational forecast for 2022

We take a look at Alpha FMC’s predictions for PE operations this year, as well as individual forecasts for CFOs, COOs, CTOs, CDOs and heads of compliance

LemonEdge partners with Chronograph

The partnership aims to streamline private capital markets’ front-to-back office investment operations

LISTEN: Talking tech transformation

Hear the insights and expert views of five PE and VC finance and tech professionals on key tech trends

LPs prefer outsourcing

SS&C Intralinks' 2022 LP survey found that 38% of institutional investors surveyed prefer a manager to use a fund administrator

Comment: Alternative managers challenged to build virtual fort knoxes

The cash-in, cash-out nature of fund management requires sophisticated cyber controls, write Jeremy Slade and Don Jefferis of Hazeltree

Allvue partners with SteelBridge

The partnership will see SteelBridge assist Allvue’s clients with planning, data migration, implementation, data aggregation and post implementation of Allvue’s newly-launched PE and VC essentials platform

Cyber psychology

With cyber attacks increasing, the matter can no longer be an IT problem. It's time for private equity to see cyber threats as a major business risk, and with that, human behaviour needs to be front and centre.

Broadridge launches AI-powered AML solution

Machine-learning-based solution is for financial services firms that want to enhance their AML surveillance to detect illicit money flows and bad actors

LISTEN: The Drawdown speaks to Private Equity Technology Podcast

Alice Murray, editor of The Drawdown, speaks to Lisa Weaver-Lambert and Alex Agran of the Private Equity Technology Podcast

Alpha FX launches alternative banking platform

Solution allows GPs to open overseas bank accounts in less than a week

RFA launches Application Lifecycle Management

The tool provides an additional step that performs a static code of analysis against security vulnerabilities during the build process

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

Profile: Frédéric de Frésart, Argos Witu

The chief information officer discusses the firm's digital transformation, key considerations to ensure security isn't breached for hybrid working models as well as why blockchain is one to watch

Drawbridge hires three

Adam Menkes is global head of ops, Jacob Cane is head of strategy, while Art Murphy is director of BD

Great techspectations

As private capital market tech solutions grow in number and functionality; how aligned are GPs internally when it comes to their expectations of technology systems?

Holland Mountain expands to US

“It was a logical next step to establish a permanent base of operations in the US to service our growing client base”

Wheelhouse partners with RFA

The partnership aims to help investment firms with specific reporting and compliance requirements

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Drawbridge appoints COO

Scott DePetris will drive the firm’s global strategy and business operations

KPMG joins campaign for reporting taxonomy

KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)

Drawbridge launches cyber risk module for PE

The module provides PE funds with a single view to monitor the cyber risk profiles of their portfolio companies in real-time

Accelex secures $5m

The funding round was co-led by Illuminate Financial and AlbionVC, both of which will join the firm’s board of directors

Alpha FMC buys Lionpoint in $90m deal

Lionpoint was previously backed by Blackstone, which made a minority investment in February 2019

In conversation: Cyber security, an ESG concern

A recent webinar discussion explored the treatment of cyber security as an ESG practice

5 minutes with… James Tedman, ACA Aponix

Tedman discusses the biggest cyber security changes in PE in the last five years, the firm’s ACA Protect and PortCo Defend products, and what’s in store for the next 12 months

WATCH: What do LPs do with all the data?

A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information

Digital transformation still in early stages

According to RFA only 10% of firms have completed their digital transformations, while 34% are in the decision making stage

LISTEN: Do we even need standardisation? Episode 2

The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?

Right-sourcing

A year of remote working has catalysed already changing attitudes when it comes to recruitment versus outsourcing

LISTEN: Do we even need standardisation? Episode 1

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

Finding a digital edge: how to approach digital transformation

George Ralph of RFA breaks down approaches to digital transformation within private equity operations, and highlights the importance of an effective data strategy

WATCH: Cybersecurity, and ESG concern

Cybersecurity is a matter of good governance, as well as reputation and risk management - putting it at the heart of ESG practices

The Techwork

Private equity's digital transformation has undoubtedly been catalysed by events of the past year

Column: Healthy competition

Riverside Europe COO Dörte Höppner, one of the judges for The Drawdown Awards, details the importance of good service and healthy competition when it comes to service providers

IQ-EQ selects Allvue for private debt & credit

The debt desk will employ FIS software for accounting and transfer agency services, DX as the 24/7 online client portal, as well as IQ-EQ’s proprietary reporting system, IQ-EQ Cosmos

CFO of the Year award winner: Steve Darrington, Phoenix Equity Partners

Partner & CFO at Phoenix discusses winning a Drawdown award, setting up processes from the very beginning as well as how he's ensured ESG continues to be at the heart of the firm

Long Ridge backs Drawbridge

Cyber security provider Drawbridge currently counts 300 alternative asset manager clients

Technology: Cyber Security award winner: ACA Aponix

Partner Mike Pappacena explains why the firm is moving into ESG

And the winner is…

Entrants to The Drawdown's Awards were asked to demonstrate business growth, innovation and client satisfaction. While the winners were rewarded based on these metrics, what's clear from speaking to all of the successful groups is they all shared three additional commonalities

TiG acquires ThirdSpace

The deal was backed by BGF, with financing provided by Santander’s Growth Capital team.

The ins and outs of outsourcing: An evaluation guide for selecting the right vendor

InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"

LemonTree and Reframe announce strategic partnership

The announcement follows two previous partnerships for LemonTree, with Steelbridge and Lionpoint

Under attack

With continued remote and hybrid working conditions, all team members need to be more vigilant than ever when it comes to cyber security

The profile: Allan Dowie, CFO of N4 Partners

The Drawdown caught up with partner and CFO of new firm N4 Partners, Allan Dowie, who discusses setting up the firm during lockdown, implementing a new valuation process and information flows

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

Northern Trust’s Sharma joins MJ Hudson

Arti Sharma has joined the firm as managing director of MJ Hudson Amaces

The ESG tech wave

From static and infrequent DDQs to real-time, performance linked, fully integrated improvements; ESG is fast-becoming a tech play

Transforming pain points into technology future-proofing

A recent webinar discussion explored important lessons learned during the pandemic as to how operations can be more efficient and effective as we enter a hybrid model of working

The conversation: Trends in 2021 and beyond

InCloudCounsel founder and CEO Troy Pospisil examines patterns established in 2020 and how they will impact the next few years in private capital markets

LISTEN: InCloudCounsel’s Pospisil on the future

Troy Pospisil explores how the regulatory landscape for private capital funds is evolving, how investor demands are changing and how InCloudCounsel’s offerings aim to support these developments

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

2020 in review: Full speed digital transformation

A look back at private equity firms and their digital transformations in 2020

LISTEN: InCloudCounsel’s Pospisil on document abstraction

Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about what it is, how it works and how it supports private equity legal teams, as well as the wider organization.

LISTEN: InCloudCounsel’s Pospisil on private equity roots

In the first instalment of our mini podcast series, Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about the company’s origins: what drove him to set up the firm and how it has developed over the past seven years.

Lamping launches Reframe

The new advisor aims to help managers 'set a clear strategic direction and grow their business, from whatever position they’re currently in'

Vauban raises £1.6m seed funding

Backers include Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech.

Technology… and how it’s shaping the operating models of tomorrow

The pandemic has been a catalyst for digital transformation, but there are major challenges still to face

LemonTree partners with SteelBridge

The partnership aims to private capital funds with an alternative to 'off the shelf' vendors for applications, data warehouses and waterfalls

WATCH: The productivity puzzle: maintaining motivation and collaboration

Watch our recent webinar, exploring where private equity needs to go next when it comes to their technology infrastructure