Stax LLC, a global strategy consulting firm specialising in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, has opened a new office in London, which will serve as the base for the firm’s European operations. The office expansion follows

XTAL, a fintech focused on the global private market industry, has launched the Private Fund Forward Exchange (PRIFFE), an institutional derivative risk transfer platform for private market fund interests. XTAL says PRIFFE is designed to facilitate risk transfer transactions, like forwards, swaps and OTC option contracts, on unlisted private market

RealBlocks, a technology platform for alternative investments that provides an end-to-end digital investing process and secondary trading, has launched Queue Protection, a new solution to help relieve mounting pressure for private funds hitting redemption limits or being gated.  Within 60 days, RealBlocks says it can set up a white-label solution

Fund and corporate services provider ZEDRA, has completed the integration and rebrand of Atlas Fund Services, which it acquired in November 2022, to ZEDRA. The new ZEDRA team in Charlotte, North Carolina and Curaçao will service both seasoned and emerging managers of hedge and private equity funds based in the

Pan-European private equity firm Astorg is to use LemonEdge’s cloud native platform for its LP, GP and fund accounting requirements. Astorg, which has over €18 billion of assets under management, will will now manage its full accounting processes via the LemonEdge platform without the need for offline processes.  This includes

Sullivan Street Partners, a London based buyout firm focused on deals in the UK lower mid-market, has appointed Zeina Bain as managing partner, alongside co-founders Layton Tamberlin and Richard Sanders.  Bain has over 20 years experience in the private equity industry and joins Sullivan Street from Intermediate Capital Group where

Standish Management, an independent provider of fund administration services to private equity funds, has launched depositary services through its Luxembourg subsidiary, Standish Management (Luxembourg).  Standish’s depositary services are now operational after receiving authorisation from the Commission de Surveillance du Secteur Financier (CSSF), which oversees Luxembourg’s financial sector.  Standish says the

Colmore, a service and technology provider for private market limited partners (LPs) and allocators, has launched HELIOS 3.0, an updated version of its real-time portfolio monitoring platform, designed for private market portfolios.

Diligend, a cloud-based, digital due diligence software platform for the investment management industry, has rebranded as Dasseti. The rebrand comes alongside the successful close of the firm’s Series A Financing led by Nasdaq Ventures.