Login Newsletter Subscribe Search

Technology

SimCorp partners with Domos

The partnership provides a front-to-back office solution across both public and private markets for LPs, GPs and service providers

Aztec and Worldfavor launch ESG & sustainability alliance

The alliance aims to enable private market managers with a better understanding of the impact of their own business operations and their portfolios in relation to ESG factors

DealEdge launches deal performance benchmarks

The benchmarks provide private equity investment teams with deal-level analysis

Citco adds scenario modelling to waterfall tool

The enhancement enables users to customise and calculate forward-looking investor distributions and carried interest scenarios

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

Aztec adopts Fenergo for onboarding

Fenergo enables Aztec to onboard investors faster and improve the user, client and investor experience

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

Novata secures $21m series-A

Novata provides PE firms and private companies with reporting metrics, a database to store information, and tools for analysis and reporting to key stakeholders

Alter Domus partners with Canoe

The partnership provides clients with alternative data management solutions

Bite launches private markets portfolio

The commingled product provides investors diversified exposure across various strategies, geographies and fund managers in one ticket

Apex partners with Governance.com

Governance.com provides automated solutions for client lifecycle management, corporate governance, risk management, compliance and other digital ops

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.

Allvue launches platform for emerging PE and VCs

"It is essential that smaller firms have the necessary infrastructure to hold their own against industry peers."

Data is king (even when it comes to fund domiciles)

Common standards would enable decent data governance, which would do away with skills and talent challenges the fund administration market is suffering from

Intertrust launches ESG data solution

The solution aims to help GPs meet ongoing, critical ESG demands by providing an integrated approach to collecting and analysing ESG data, while managing ESG risk in portfolios

InCloudCounsel secures $200m Series B

The contract automation company has also rebranded to Ontra

Blockchain and big data most important future tech tools

Intertrust Group’s latest report found 46% of respondents cited blockchain/DLT as the most important tech tool for private capital funds over the next five years

MJ Hudson releases ESG Advantage

ESG Advantage guides users on a step-by-step basis through the assessment process by tracking important data and automating analysis and reporting

SEI buys Finomial

Deal aimed at enhancing cloud-native technology capabilities

JTC buys perfORM

perfORM was set up as an ODD business for LPs to use across PE, private credit, RE, infras, hedge, crypto and digital assets

CAIS partners with Digital Asset

Partnership will explore use of blockchain, distributed ledgers and smart contracts between wealth management and alternative investments

GP transparency and tech: room for improvement

According to SS&C Intralinks' survey, 69% of LPs were ‘moderately satisfied’ with the technology capabilities of the GPs they currently invest with

Tech transformation tracker: Key findings

The industry's embrace of technology has accelerated dramatically over the past 18 months

FactSet buys Cobalt

The acquisition expands the firm's private markets offering

LPs paying more for administrative costs

25% of LPs are being charged separately for expenses such as in-house legal, accounting and computer software

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

Profile: Sam Marsh, Alpha

The senior partner discusses the firm's newly-launched alternative banking solution, aimed at bringing efficiencies when setting up bank accounts and SPVs

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

A&M launches origination tech

“Rapid deal identification and deal idea generation are common, time consuming challenges across the private equity landscape.”

Only 50% of GPs measuring carbon footprint

According to Apex research, 81% of GPs agreed they and their portfolio companies should take more responsibility for their carbon footprint

Alpha FX launches alternative banking platform

Solution allows GPs to open overseas bank accounts in less than a week

5 minutes with… Michel Geolier, Betterfront Technologies

“We enable GPs to lead with their story, to present their track record to prospective LPs, which then gives them the chance to look through the data to understand what sets this GP apart from its competition.”

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

Profile: Hina Ahmad, Capital Dynamics

The COO discusses moving from the legal and compliance team to her current role, how the team has leveraged technology to keep up with rapid growth, as well as plans for evolving the firm's pandemic sub-committees

IPEM 2021: Adapting to a virtual world

Klas Tikkanen, COO of Nordic Capital talks about adjusting to remote working through the pandemic, as well as the process of raising two funds virtually

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

IPEM 2021: Lessons learned from Covid

Philippe Poletti, CEO of Ardian France talks about how the firm managed the Covid crisis, and why sustainability is now at the core of every business strategy

AnaCap spins out its tech platform

“Equipped AI allows individuals and companies to analyse vast lakes of data in real-time, helping to map and execute investment strategies across multiple geographies.” -- Mike Edwards

Profile: Frédéric de Frésart, Argos Witu

The chief information officer discusses the firm's digital transformation, key considerations to ensure security isn't breached for hybrid working models as well as why blockchain is one to watch

Blackstone’s Saxena joins Canoe

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

ACA buys Catelas

The ML-based electronic communications (eComms) surveillance and investigations platform will integrate with ACA's regtech platform ComplianceAlpha

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"

Drawbridge hires three

Adam Menkes is global head of ops, Jacob Cane is head of strategy, while Art Murphy is director of BD

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

Waystone partners with The ID Register

The partnership provides Cayman funds with an AML/KYC and onboarding solution

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