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Tech providers

Blackstone’s Saxena joins Canoe

Saxena supports Canoe’s growing client base, while strengthening the company’s product and technology strategy

Northern Trust launches AI data extraction solution

The solution reads stored documents and fund manager reports on holdings and performance of PE, hedge funds and other alternatives, and pulls out specific data points

Synechron partners with Accelex

Partnership aims to accelerate unstructured data extraction and management

Inveniam secures $25m series-A

"The use of blockchain to transmit trust in data will drive automation in valuation and price discovery in the private markets"

SS&C launches ESG reporting solution

"We see the growing manager and investor demand to incorporate ESG metrics into client reporting at the manager and portfolio level."

EFA adopts NeoXam

NeoXam’s Impress platform covers the full reporting process

Mainstream adopts Harmonate

The partnership enables Mainstream to automate private capital data operations

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?

Aumni secures $50m series B

Through a combination of AI and human expertise, Alumni’s platform extracts and analyses critical deal data buried in dense legal agreements

5 minutes with… Antoine Sage, PE Cube

“A typical buyout fund, for example, with 50 LPs and 10 portfolio companies generates around 10,000 documents during its lifespan, which equates to about 40,000 emails. Managers need a dedicated tool to manage this quantity of information.”

Accelex expands automation capabilities

The new feature enables firms to streamline investor operations to process thousands of private markets fund performance reports each quarter

Ogier launches ESG compliance tool

The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management

Allvue partners with Snowflake

The new data lake solution enables clients to warehouse and manage all of their data on one system

Preqin acquires Colmore

The acquisition enables both firms to serve their clients across the entire private market investment lifecycle, from fundraising to due diligence and portfolio monitoring

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

5 minutes with… Danielle Lawrence, Freyda

“I think improved reporting and transparency is becoming table stakes for the industry. You’re expected to have appropriate technology and great processes in place which allow your organisation to focus on high impact work.”

New tricks

Private equity's digital transformation is gathering speed, and an important part of this evolution are the new tech solutions coming to market. Here we profile three of the latest innovations

Investran’s Iaslovits joins Anduin

Iaslovits will provide guidance on Anduin’s product roadmap

State Street acquires Mercatus

Acquisition connected to launch of front-to-back, full-suite investment management platform

Hazeltree partners with Lionpoint

The partnership enables Lionpoint’s treasury management practice to focus on private capital markets

PartnersAdmin joins forces with Canoe

Through the partnership, Canoe’s technology will be implemented into PartnersAdmin’s platform to automate and scale alternative investment processes

Apollo partners with Figure Technologies

The partnership enables Apollo to apply Figure’s Provenance blockchain technology across the investment lifecycle

Holland Mountain launches ATLAS connector

The connector allows data from multiple sources to be combined to unlock better quality reporting and dashboards in eFront’s platform

MYCDD partners with IDnow

The partnership enables MYCDD to provide its clients with KYC services

5 minutes with… David Nable, Arcesium

“Often, sophisticated managers have heir-loom Excel spreadsheets, which have been passed down from controller to controller over the years.”

The Drawdown Awards 2021: Finalists Announced

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

Diligend and eVestment announce partnership

The agreement allows clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform

MJ Hudson acquires Clarus Risk

The fintech risk management and reporting automation specialist services alternative asset fund managers and investors

All aboard

Setting up a new fund comes with all manner of challenges and complexities; Highvern aims to take the pain out of onboarding with your fund administrator

Allvue partners with Losange

Losange provides fund administration services, portfolio insights and start-up services to PE and VC funds

Apex acquires Senasen Group

The SaaS platform delivers a self-service offering to enable GPs to publish multimedia content and research, interact with LPs and build their profile

ODD: social media increasingly important

29% of PE LPs now use social media as part of their ODD on potential investee funds

The ID Register partners with KPMG

The alliance provides clients with "a smoother, more cost-effective onboarding fit for purpose in the 21st century"

Alter Domus buys IEA

The firm delivers tech solutions for complex issues such as LP waterfalls, GP carried interest allocations and forecasting to alternative investment managers

PE needs to spend more on data management

State Street's report found 70% of alternative asset managers said they need to spend more money on data management to handle increased pressures and demands

Freyda secures backing from Google

Freyda uses AI and NLP to extract and normalise data from complex documents for pension funds, endowments, asset managers

LemonEdge receives $2.5m

“LemonEdge brings a complete no- and low-code solution to the challenges of general ledger accounting for the private capital market”

Broadridge PE blockchain solution partners with AWS

The platform allows independent auditor access and adds connectivity to existing industry tools and tech to further automate workflows between the front-, middle- and back office functions

Arcesium launches performance allocations product

PerformA is tailored for private equity, fund administrators and hedge funds

CSC buys PEF Services

The acquisition has accelerated CSC’s fund services growth plans in the US, as well as added expertise and a robust tech platform to CSC’s suite of solutions

Allvue partners with Lionpoint

This partnership enables Allvue’s clients to tap into Lionpoint’s strategic advisory, operating model optimisation, tech road mapping and solution selection as well as systems integration services

Linklaters launches side letter automation tool

The tool extracts and groups similar provisions and merges duplicate clauses while increasing efficiency during investor negotiations

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

IQ-EQ adopts Allvue for debt business

Using Allvue's software enables IQ-EQ to provide clients with loan agent and private debt loan administration services

5 minutes with… Mike Muniz, Canoe Intelligence

The chief revenue officer explains what the software does, how the business came about and technology upgrade plans for the future

PE embraces alternative data

Alternative data has been commonplace in hedge funds for 15 years, but private equity firms are now upping their use of this information flow.

eFront’s Tait joins Accelex

Accelex automates processes for extraction, analysis and sharing of investment performance and transaction data, using proprietary AI and ML

Allvue opens Singapore office

Edward Bee joined Allvue as region head for APAC and will head up the new office

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

Procensus extends to PE

The regulated platform aims to help investors understand market consensus on macro topics such as key ESG issues, market transactions (M&A and IPOs), stocks and stock specific events

Cobalt updates portfolio monitoring platform

Cobalt claims this is the industry’s first self-service portfolio monitoring solution

5 minutes with…  Robin de Gruchy-Wilson, Oakbridge Fund Services

The co-founder & managing director discusses the firm’s key focuses, how it secured backing from ED Group as well as technology and platforms it currently uses

HWM acquires Koger

The deal has been backed by Lovell Minnick Partners, a financial services and tech-focused PE firm

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?

Former Centerbridge CFO joins qashqade board

Gelfand was most recently senior MD & CFO of private investment firm Centerbridge Partners, for nearly 13 years, until he retired from the role in 2018

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

Holland Mountain partners with Canoe

The partnership enables Holland Mountain’s newly-upgraded ATLAS data platform to connect with Canoe’s technology, for mutual clients