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Technology

Chain reaction: the hidden depths of KYC

KYC is so much more than just a passport and a utility bill. Highvern’s Ken Ritchie details the intricacies of KYC compliance

Diligend partners with Intralinks

The partnership enables mutual clients to automate document acquisition from Intralinks’ virtual data room directly into Diligend

DealEdge launches portfolio diagnostics

New module enables deal comparisons against sector specific benchmarks

5 minutes with… DealsPlus

We caught up with founder Venkat Subramaniam to discuss how the platform is standardising deal closing and investment management processes

BlackRock to streamline ESG reporting

Consortium of LPs will use ESG Outreach, an extension of eFront’s Insight platform, for ESG data collection, analysis and reporting

Gain.pro secures $10m investment

The fresh capital will accelerate the platform’s growth, while enabling the team to invest in new product functionality

Profile: Susan Wilkins, Actis

The COO discusses her pathway from Actis portfolio company to the GP, taking over management of Abraaj funds and her role as a member of the inclusion & diversity committee

And the nominees are…

SyndicateRoom’s Graham Schwikkard recounts his journey from COO to CEO by bringing the firm’s tech function from Portugal to the UK, leading to the creation of a bespoke nominee platform to run its EIS fund

Profile: Razzak Akbar, Freshstream

The CFO discusses Freshstream’s spinout from Bregal, the ongoing relationship between the two firms and setting up the Dutch office

Freyda partners with Eze Castle

The partnership aims to improve productivity and transparency of investment data

5 minutes with… +SUBSCRIBE

+SUBSCRIBE’s Rafay Farooqui talks us through the platform’s onboarding and subscription document processing capabilities

Intapp and KPMG AG announce strategic alliance

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

JTC launches virtual chief sustainability officer service

The outsourced offering aims to help clients to understand, definite and implement their own ESG strategy, policies and reporting

Bite hires three

Matthew Purcell has been hired as finance director, Alex Seymour as chief legal officer and Tom Hamilton as chief information officer of the business

Leading managers embrace a new standard in contract negotiation

Troy Pospisil, CEO and founder of Ontra, charts the adoption of legal tech by blue chip private equity firms

Comment: Make it hard for hackers

Drawbridge CEO Jason Elmer explores cybersecurity threats for PE firms and portfolio companies and explains why preventing easy access is key to mitigating breaches

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"

Techwork 2022: Peter Tucker, IK Partners

“Running an IT department for almost 200 users (and growing), requires all areas of the IT service to evolve with the business”

Techwork 2022: Lyndon Arnold, Triton Partners

“The ultimate objective is to use technology to improve manual processes and facilitate growth in every area, from capital raising through to investment activity”

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?

LGL selects Allvue

LGL’s clients will have access to Allvue’s fund account solution and investor portal

Due diligence goes digital

A new report found the majority of survey respondents intend to use more technology and tools to get diligence done in the future

Techwork 2022: Mark Gully, InvestIndustrial

"In addition to our digital transformation programme there are a number of innovative ideas being explored that, once they come to fruition, will make an impact across the PE industry. Watch this space!”

CTOs: Dealing with (unfair?) pressure

Alex Tyler and Ingolv Urnes of psKINETIC look at the challenges and successful coping strategies

Techwork 2022: Victor Davies, Bregal Investments

“We want to build in more automation and use data in a more intelligent way to make decisions, across our IT and investment teams.”

mnAI acquires Regulation Technologies

The acquisition aims to enhance mnAI’s data insights offering

Techwork 2022: Adrian King, Pollen Street Capital

“We want to streamline our processes and the way we communicate with our key stakeholders, to enable us to scale deals and AUM efficiently”

InvestorFlow merges with Cloud Theory

The combined business has also secured a $30m series A investment from Ambina Partners

Comment: Unlocking private markets’ ESG potential

Hemal Mehta, founder and CEO of AtomInvest discusses the importance of sophisticated tech when it comes to ESG data collection, analysis and reporting

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.”

SEI promotes Hicke to CEO

He takes over from SEI’s founder, Alfred West, who has led the firm for more than 50 years and has transitioned to the role of executive chair

Techwork 2022: Marc Boullier, PAI Partners

“I want to digitalise deal sourcing, taking into consideration finance, ESG and procurement”

Techwork 2022: Neil Hendricks, Hg

“We encourage a feedback culture, so people can tell us what is working, what isn’t and what helps with their day jobs. That’s the best way to ensure our technology is constantly fit for purpose”

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

“Every PE firm should have a CTO” - Jolt Capital

The need for PE firms to have a CTO is becoming increasingly important, and could become key to a firm's survival

Real-time data reporting remains a source of friction between LPs and GPs

KKR's Catherine Cutts: "The demand for more granular data versus the ability for GPs to produce that is a source of friction in LP-GP relations"

GP tech adoption looms large on LP investment decisions

The majority of LPs' investment decisions are influenced by GPs’ level of technology adoption, according to a recent survey by Brackedale consulting and AssetMetrix

Stanley Capital partners with AAICO

The partnership enables Stanley Capital’s technology arm, Stanley Labs (S-Labs) to use AAICO’s AI tech for value creation

Let’s talk about the data

Tim Friedman, founder of PE Stack, discusses all things data, including the adoption of alternative data sources and how to create a data plan

ESG Book adds ESG data convergence project metrics

Private equity GPs and LPs, globally, will now have access to meaningful, performance-based, comparable sustainability data from private companies

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

Entrilia launches PE & VC operations solutions

Phase one of the launch includes private equity and venture capital fund accounting, investor insights as well as business intelligence solutions

An American tail: service providers go West

For European GPs that want to stick with a familiar European service provider Stateside, we explore which businesses have taken their European operational excellence across the pond

PwC Luxembourg adopts Diligend

Use of Diligend meets PwC Lux aims to better support its clients with due diligence, ongoing monitoring and oversight needs

Thoma Bravo acquires Anaplan for $10.7bn

The cloud-based platform acts like a traditional data warehouse and supports PE firms with budgeting and cash flow forecasting, sale realisation modelling and carry modelling

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

Canoe hires four

Canoe’s latest senior hires join the firm’s technology, product and commercial teams

Apex acquires Fund Admin Chain

FAC is a distributed ledger-based network for launching, distributing, trading and settling funds

Gen II acquires Update Capital

The platform provides an automated, cloud-based solution for real estate managers

LISTEN: Lessons learned with Steve Darrington

Our latest podcast details his approach to risk management, walking the line between optimism and realism, and thinking the unthinkable.

Open relationship: outsourcing IR

Private equity's most prized relationships are those with its LPs; why would a firm decide to outsource its investor relations?

5 minutes with… Derivative Path

Brett Morrell & Ciccy Yang discuss how the technology-focused business supports private equity risk management

Ocorian adopts eFront Invest suite

Ocorain currently uses eFront for its central administration and transfer agency support

HSBC launches digital administration platform

The platform provides GPs and LPs with digital workflow and reporting solutions

Grata closes $25m series-A

The private company intelligence engine will use the fresh capital to accelerate the platform’s ability to access data on mid-market companies

Standard Metrics secures $23.7m series-A

The private markets IR platform will use the fresh capital to develop the solution and scale its network of investors and private companies