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IT & cyber security

Allvue partners with IQ-EQ

Partnership sees the integration of the both providers’ front- and back office offerings, with a focus on private debt funds

MJ Hudson partners with SLIB

The partnership aims to improve governance and transparency around risk exposures

Apex launches impact investing solution

The tool should enable investors and companies to demonstrate measurable positive impacts

ACA acquires Ethos ESG

The acquisition sees ACA expand its advisory business with tech-based analytics

In conversation: Power to the LP

Highlights from a recent roundtable event examining the growing influence of investors in private equity fund management

Canoe expands offering to GPs

Previously, the automation tool for document and data management was aimed at LPs

Allvue names Streetman as CEO

Appointment follows departure of Mark Heimbouch earlier this year, after one year in the role

Edda secures $5.8m

The fresh capital will be deployed to hire talent and build out the product offering

Apex partners with Iveniam

Partnership sees Apex expand its offering to include valuation-as-a-service

Ark launches fund ops platform

The cloud-based tool aims to automate fund operations and investor reporting while plugging into off-the-shelf general ledger solutions

Hazeltree opens fintech engineering centre in Bournemouth

The centre will be staffed by software developers, product managers and owners, DevOps and client services tasked with designing, building, and onboarding new clients

TDA 2022: CFO of the Year: Rebecca Noyes, Alderwood

We explore the Noyes' rapid development, including her focus and impact which the judges described as beyond that of a traditional CFO

TDA 2022: COO of the Year: Steven Whitaker, Equistone

We explore the operational improvements Whitaker made that enhanced the overall capabilities of the firm

Mercatus launches mass data onboarding feature

The Bulk Data Management tool aims to increase data transparency and quality by structuring the data validation process

Novata partners with Frazier & Deeter

The partnership aims to support identification of ESG metrics and disclosure requirements

Code & Co partners with int3

The partnership will see due diligence provider Code & Co expand its offering to include cyber security

TDA 2022 IT Provider: Managed Service provider winner: RFA

George Ralph, global managing director and CRO at RFA explains how actively understanding the industry rather than reacting to client issues sets it apart from its peers

Hazeltree secures $14m investment

The funding round was led by FINTOP capital, whose co-founder and managing partner Rick Kushel will sit on Hazeltree’s board, joined by Hamilton Lane.

TDA 2022 IT Provider: Cyber Security winner: Drawbridge

Drawbridge's founder and CEO Jason Elmer explains why the platform's private equity module was a game changer and considered extremely valuable

Valutico launches VC valuation solution

The company hopes to increase the accuracy of start-up valuations

Novata launches SFDR reporting solution

The tool should allow portfolio companies to produce tailored SFDR reports

PE firms under pressure to outsource

There has been a significant increase in enquiries from PE firms looking to outsource since last year, Ocorian reports

TDA 2022 Advisory/Consultancy: Operations & Technology winner: Holland Mountain

The team describes how the consultancy seeks to build genuine partnerships with clients to support ongoing success

Data analytics should be top priority for service providers

EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements

73 Strings partners with LemonEdge

The partnership aims to facilitate the flow of data between portfolio monitoring and accounting modules

Champions league

The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.

Data, cyber security and AI compliance: managing the evolving landscape

Debevoise & Plimpton’s Robert Maddox and Martha Hirst detail how new cyber and privacy rules from regulators worldwide will impact PE firms, and provide five key tips to stay ahead

Depending on data

Key takeaways from The Drawdown’s most recent breakfast briefing event, which discussed how private equity professionals are defining their data strategies

Outsourcing vs insourcing: is there another way?

Clifford Norton and Gilles Pelosato of AssetMetrix explore the key drivers behind both outsourcing and insourcing, and explain how technology-as-a-service can offer an alternative path.

FFL invests in Abacus

Abacus Group is a global IT managed services provider for alternative investment firms

Eze partners with Untap

The strategic partnership aims to offer an integrated tech platform for PE built around Microsoft technology.

ACA appoints CFO

Neeraj Karhade joins from retail business Transformco where he was CFO

Gen II selects NTT

The partnership aims to accelerate the firm’s digital transformation

ACA merges with Foreside

Both businesses had received backing from Genstar Capital, now the lead investor of the combined business

Could NLP be the silver bullet for the asset servicing industry’s challenges?

Tim Mietus of Citco Technology Management asks if natural language processing could be an essential tool for data integration in lieu of greater industry standardisation and ever-growing capacity woes

Intapp and KPMG AG announce strategic alliance

Partnership aims to accelerate digital transformation for professional services and capital markets firms

Private equity and hedge funds’ cyber security demands converge

Tom Cole, managing director - UK & Europe, Abacus Group, charts private equity’s increasing needs for robust cyber security,

Techwork 2022: Juri Pervjakov, BaltCap

“With increasing workloads, we’ve had to consider the new role of the back office, how to streamline processes and automate workflows"

Unlimited partnership

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?

Techwork 2022: Frédéric de Frésart, Argos Wityu

"Our IT infrastructure has evolved into a single hybrid network. Everyone uses and shares the same tools. That has been a huge evolution for our employees because it completely changed the way we work"

Techwork 2022: Hind el Gaidi, Astorg

“Our ultimate aim is to capture the full value chain. From fundraising right the way through to exits, we want to ensure we have best of breed systems in place that will help us to ensure every part of the process is going well.”

Techwork 2022: Patrick Gloor, Montana Capital Partners

“The most important part of my work was and still is, constantly improving cyber security while maintaining the flexibility needed by our employees.”

Techwork 2022: Ash Patel, ECI Partners

“Some of my main achievements for the firm include outsourcing our IT services to a managed service provider (MSP) so I can put a greater focus on the strategy and governance part of IT"

The Techwork 2022

Our annual Techwork report charts the industry’s digital progress by focusing on a select group of individuals responsible for this crucial work

Drawbridge launches industry advisory board

The IAB aims to foster an open exchange of ideas and best practices to help advance cyber defences for the alternative investment community

PE and private debt still behind on digital transformation

Broadridge’s latest report found only 12% of PE and private debt respondents identified as leaders when considering their digital maturity level, compared with 41% of other investment and asset managers

Accordion acquires Platform Specialists

The acquisition enhances Accordion’s CFO technology practice, providing PE managers with a range of people, process and technology-related services

CFOs: cost and resource constraints prevent ESG integration

Intertrust’s latest survey found this to be the biggest obstacle CFOs face when integrating ESG into their investment processes

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