SS&C Advent: Best Portfolio Management Software Provider – As more institutional investors look to invest in private equity, transparency and timeliness of information from general partners (GPs) becomes more crucial. Consequently, GPs need to deliver an improved online experience for investors.
Technology & software solutions
DFIN: Best Risk Management Software Provider – Technology is having a strong influence on the way deals are executed the private equity space. Developments in software as a service (SaaS) are also having an impact on the effective efficiencies around deal execution. Known for creating efficiencies and streamlining processes in many industries, technology is supporting PE firms to create a competitive advantage in what is often a crowded market.
CEPRES: Best Data Management Solutions Provider – The private equity industry is expected to undergo significant changes across its investment processes. This is due to occur both in response to the current crisis and also bearing in mind the broader fundamental shift in capital and returns and systematic risk prior to this global calamity.
A new fund advised by VI Partners held its first close in April on EUR71 million. The fund will focus on medical and deep tech innovations from the Swiss scientific research ecosystem, and hold a final close in 2021.
Blockchain Valley Ventures (BVV), a blockchain technology-focused venture capital firm, in collaboration with Delio, a provider of private markets investment technology, has launched the BVV Dealroom - a virtual deal marketplace for blockchain startups and investors.
The alternative fund management industry is witnessing a huge rise in the volume and diversity of data being ingested, as technology innovation facilitates firms in their research and portfolio construction activities; not to mention using advanced analytical tools to improve the quality of fund reporting.
Digital financial services company Alpian, incubated by the Swiss banking group REYL & Cie, has completed a Series A funding round worth CHF12.2 million.
The world of private capital has witnessed a solid number of tech fund closures and tech related deals since the coronavirus crisis began. But despite the sharp rally that started in March and continued through April though, William De Gale, co-portfolio manager of BlueBox Global Technology, is cautioning against thinking that the rest of 2020 will be plain sailing for technology.
In a recent white paper entitled Evolution in Asset Management, SEI pointed out that 70 per cent of US fund managers are currently looking to deploy advanced analytics in the front-office. The field of data science and machine learning-based data analysis is helping to transform how fund managers think about data to gain a competitive edge.
The private equity industry and the legal firms servicing the space have witnessed an unparalleled digital transformation in recent weeks. Driven by the Covid-19 crisis, the legacy of this dramatic change will endure long after the calamity has passed.