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Tech providers

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

ACA enhances regulatory tech platform

The upgrades have been driven by the evolving risk from Covid-19, as well as the continually developing regulatory environment

Agile fund management

The major advantage of setting up something fresh is having a clean slate with the ability to adopt the latest learnings and technologies. This is exactly what fund administrator Highvern did when it set up its processes and ways of working

Holland Mountain upgrades data platform

ATLAS aggregates data from any source and provides business users and senior executives with centralised access to real-time data

The Techwork

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

Allvue partners with Got Your Back

The partnership provides fund accounting solutions for Got Your Back's alternative fund management clients

Hermance launches digital investment platform

The platform connects HNWs and institutional investors with private markets funds via low minimum ticket sizes

Valutico explores ESG valuations

Valutico has received a €200,000 innovation grant from the Vienna Business Agency to support the project

Advisory / Consultancy: Operations & Technology award winner: Holland Mountain

CEO Barnaby Piggott talks about why clients value the firm's independence

InCloudCounsel launches Insight

Insight aims to allow fund managers to manage LP obligations to across all funds in one centralised platform

Rising Star of the Year award winner: Dawid Sawicki, Kennet Partners

The financial controller discusses winning the Rising Star award, stepping up to FC during the finance team's transition period and various processes, systems and the CFO forum he's implemented

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

Foreign exchange services award winner: Alpha FX

Alpha FX's dedication to the alternatives space means the team focuses on problem solving above all else

Moonfare partners with Fidelity International

The partnership aims to provide institutional and wholesale clients with access to private market strategies

Allvue updates performance & portfolio monitoring solution

The platform provides an overview of accurate investment performance down to asset level

Technology: Accounting & Reporting award winner: AtomInvest

“Our philosophy is to look at what the best people are doing, not only in the alternatives space but across all markets." - AtomInvest founder and CEO Hemal Mehta

Technology: Innovation award winner: Scissero

CEO Mathias Strasser discusses why GANs technology is a promising research area for the firm

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

Technology: Portfolio Monitoring award winner: Mercatus

Mercatus CEO Haresh Patel attributes their success to the way in which the platform has naturally developed to incorporate ESG monitoring

Long Ridge backs Drawbridge

Cyber security provider Drawbridge currently counts 300 alternative asset manager clients

GCV launches new end-to-end SaaS

Quva was developed by GCV’s venture builder division G-Labs

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.

SS&C’s Anwar joins Arrow Capital

Kamran Anwar has joined to lead the firm’s new clients and capital formation group

Consero buys BridgeView CFO Solutions

The deal expands Consero’s suite of solutions to include HR and payroll services for its existing client base

Social behaviour

While GPs use social media to give an insight into their firms, LPs now use it as part of their ODD. But where are they looking, and what for?

Morgan Stanley’s Wasinger joins Allvue as CFO

Wasinger will oversee all areas of corporate finance to help from the firm’s revenue and market share

InCloudCounsel opens Singapore office

The firm has hired Jon Crandall as managing director for APAC to lead the office

PE and private debt behind on adopting tech

Broadridge's latest report found only 9% of PE and private debt respondents identified as leaders when it came to using AI, blockchain, the cloud and digital

Standish partners with Redwood Valuation

The partnership enables Redwood to offer Standish clients a wide array of valuation services in a streamlined, high quality and cost effective manner

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"

iCapital and CAIA Association launch AltsEdge

AltsEdge is an education system which aims to help financial advisors understand alts investment strategies

StepStone becomes The ID Register alliance partner

StepStone Group has been a client of the platform since 2016

5 minutes with… Guy Battle, Social Value Portal

As ESG’s visibility continues to increase, finding ways to measure and report efforts remains tricky. Social Value Portal’s CEO Guy Battle explains how their framework attributes monetary values to social impact

Palico launches video-based fundraising

Palicalls enables LPs and GPs to book video meetings via a fully integrated dashboard that collates all relevant fundraising materials, communications and information into one space