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Technology

JFSC to develop shared KYC tool

The shared tool enables users to verify customers’ identities

RFA launches managed data services

Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform

Mercatus releases PDF data extraction tool

PDF Parser is an AI and ML solution for uploading PDFs to improve data quality

Temenos launches AI tool for fund admins

The firm claims it is the first to launch a software of this kind

Mercatus releases new data interface

The interface allows investors to configure, clone and share integration formulas related to performance, operating, incidents and ESG reports, as well as contracts and other agreements

Anduin Transactions partners with Aduro Advisors

The partnership integrates Anduin’s digital fund subscription platform into Aduro’s FundPanel

JP Morgan AM partners with Hazeltree

Clients can use Hazeltree’s tech to manage multi-bank relationships across all fund structures while accessing JP Morgan’s liquidity

Steadying the ship

Can a solid operating platform provide much needed certainty in an increasingly uncertain world?

Maples Group partners with IHS Markit

The partnership allows data on credit activity to automatically integrate into Maples’ accounting system

MUFG selects Broadridge’s loan tracking tech

Partnership comes off the back of strong growth in the private debt, credit and direct lending market

Online investment platform Titanbay launches

It provides medium-sized institutional and professional private investors to access private equity and alternatives funds

Standish adopts Astrella

Standish Management will use Astrella's data to support LP reporting and communications, capital calls and distributions as well as partnership accounting

Cobalt partners with Lionpoint

The partnership will assist PE firms wanting to integrate tech into their investment processes

LP expert Graye joins forces with qashqade

LP expert and industry advocate Lorelei Graye joins qashqade’s executive advisory

eVestment partners with Assette for data integration project

The partnership aims to improve asset managers' data integration into client and sales communications

5 minutes with… René Kampschulte, Keytrack

The managing director talks about why he created the VC portfolio management software, the ultimate goal for the product and why he won’t rule out expanding to PE in the future

Apperio expands into US

The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms

AcordIQ launches waterfall validation service

The platform aims to help GPs by providing them with independent verification on waterfall calculations

eVestment launches report building module

The Excel Report Builder enables GPs to recreate their clients’ report templates in the app by selecting the required data points and configurations

Cobalt partners with A&M Valuation Services

The partnership responds to ever-growing internal and external demands around portfolio data and reports

Talking tech: FSN’s Conradi on tech culture

Part two of our two-part series explores how Conradi is handling the firm’s digital transformation, challenges around tech working culture and his plans for the next year

Talking tech: FSN’s Conradi on digital roles

Part one of our two-part series discusses Conradi's career move from the tech industry to PE; his newly-created CDO role; as well as what PE can learn from tech

ASI and Cambridge Uni partner for portfolio risk assessment platform

Incorporating Cambridge’s system into ASI's PRISM enables the platform to quantify the effects of various potential and emerging real life risks on a portfolio

CFOs must cope with lack of recognition

Despite the broadening and increasing complexity of their roles, private equity CFOs lack adequate recognition, according to Investec's latest report

EQT secures largest ESG-linked sub line

EQT's Therése Lennehag: "With this ESG-linked financing facility, we actively contribute to increasing the availability of high-quality ESG data, critical for the financial markets to be able to build a resilient and regenerative economy"

iLevel co-founder Boggio joins Cobalt as CCO

He will head up Cobalt’s commercial activities, including driving further client acquisition efforts for the firm

GPs see digitisation as a growth enabler

The Intertrust PE Report Summer 2020 survey, found technology and digital functionalities are key in helping firms to achieve greater transparency

Special sauce

The Drawdown caught up with some of the UK's leading special situations investors to find out how they've been reacting to the crisis

5 minutes with… Matthew Hardcastle, DealCloud

Hardcastle talks about his move from Inflexion to DealCloud, challenges of upgrading IT and why it’s important to get peer feedback before making any tech changes

It’s never too data

Data is the here and now. So how do you actually use it? What steps can you take today?

ESMA proposes cloud outsourcing guidelines

The guidelines aim to mitigate any potential risks firms may face as a result of outsourcing cloud services and ensure they are handled appropriately

Keytrack launches VC portfolio management tool

The software aims to siimplify portfolio management for VC firms

MJ Hudson’s WFH survey predicts permanent change

The preliminary findings reveal the ways in which new working conditions are impacting the industry, as well as an about-turn on remote working mind sets.

WGAM invests in Validus

WGAM believes Validus is well-positioned to respond to growing needs of managing operational risks

Colmore establishes ML and data team

Kamil Leoniuk and Lukasz Szczesiak to lead Colmore's new business unit focused on machine learning and data automation

ODD times

Later stage operational due diligence appears to be pushing through to legals, but more broadly, these exercises will likely be permanently impacted by the crisis

Join us: CTOs & digital networks

Part three of our mini series: this instalment highlights the lack of available forums for CTOs & digital professionals, and what they could look like if they did exist

iCapital Network buys Artivest

Artivest is a technology platform which provides HNWs access to private equity and hedge funds

Stirling Square appoints head of data science

Ahmed Khamassi joins the firm's newly created Innovation and Sustainability team

SS&C partners with FLX Distribution

The partnership enables asset managers to access fund services and distribution opportunities in one place

Addepar launches digital Marketplace

The platform connects HNW clients with private capital market funds

The demo is in the detail

Sitting back and watching software demos might seem like a good idea right now, but in reality they require a lot of prep and careful consideration

Upgrading tech talent

With more demands on PE firms to provide better quality data and reports, a number of GPs are upgrading their talent

Apex partners with Triple Point

Apex will use Triple Point's blockchain platform to connect its clients with buyers and sellers on the secondary market

Stop using Zoom, now

Following recent reports of Zoom's poor security, experts advise ditching the platform

Going back to your roots

Inefficient reporting methods continue to vex LPs. It’s time to go back to the source

Comment: Post C19, time for a re-brand?

Corporate photographer Douglas Fry believes private equity has an opportunity to change its image post-pandemic

Citco launches tech platform for GCs

The platform aims to harmonise admin of global entities

The operating committee

A number of large private equity houses are setting up operating committees in response to the major tasks now faced by non-deal team members

WFH best practice: Life in lockdown

Consultants 3LDC return with their next instalment, this time looking at the longer term impacts of remote working and how to adapt processes

Time to bring in the (remote) experts

With private equity firms moving to remote working set ups, now is the time to bring in experts adept at this way of working

IQ-EQ launches investor solutions offering

IQ-EQ has launched an investor solutions offering, a real-time reporting tool named Cosmos

WFH best practice: Emergency response phase

Nick Murphy from consultancy 3LDC outlines the do's and don'ts for the first phase of working from home

Apex launches digital banking platform

The solution processes and opens bank accounts without physical documents

iCapital Network raises $146m

Funding round led by Ping An saw BlackRock take a significant minority stake

SS&C acquires Captricity

Captricity is a machine learning solution that translates paper and handwritten documents into a digital format

C5’s Piennar on handling the pandemic

“We are seeing a surge in demand for cybersecurity services” - C5 Capital

MJ Hudson acquires Meyler

US-based Meyler specialises in marketing services and analytics for alternative assets

The new PE playbook

McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak

The Profile: Stephen Richmond, CFO Abris Capital

Stephen Richmond tracks his journey from investment director to CFO, and the nuances of operating funds in central and eastern Europe