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Clouds

SunGard launches cloud-based Asset Arena Data Connect for alternatives

SunGard has launched Asset Arena Data Connect, a fully automated order processing and control solution for hedge fund managers, private equity firms and fund administrators. Asset Arena Data Connect helps firms manage incoming and outgoing alternative investment data as well as scheduling and monitoring of data processing – increasing straight-through-processing

Ingenious Initiatives issues new version of hedge fund accounting software

Ingenious Initiatives has issued version 10.1 of Penny – It Works, an accounting software solution for hedge funds, fund administrators, private equity firms, investment management companies and family offices. Penny Version 10.1’s new features and capabilities helped prompt the company’s recent name change.   Formerly known by its corporate name,

Clouds

Abacus Group forms partnership with Global Relay

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has formed a partnership with Global Relay, a specialist in hosted email archiving, messaging and compliance services. Global Relay will provide a secure, reliable and compliant message archiving solution as part of the AbacusFLEX private

ITL is first fund administrator in Mauritius to go live with eFront

Intercontinental Trust Ltd (ITL), a Mauritius-based fund administrator, has gone live with an eFront solution for the administration of its private equity funds. ITL offers a wide range of financial and fiduciary services to global businesses, and has assets under administration in excess of USD66bn.   ITL was looking for

Abacus Group expands application hosting services partnership network

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has expanded its application hosting service partnership network. The Abacus partnership programme provides hedge fund and private equity firms with access to fully hosted and managed business applications on the AbacusFLEX private cloud platform.  

Hellman & Friedman to acquire Applied Systems

Applied Systems, a provider of software that powers the business of insurance, is to be acquired by investment funds advised by Hellman & Friedman.  The company is being acquired from the global private investment firm Bain Capital in a transaction valued at approximately USD1.8bn.   JMI Equity, a growth-oriented private

Atlante Seed and Digital Magics to co-invest in tech start-ups

Atlante Seed, the Intesa Sanpaolo Group Fund and start-up incubator Digital Magics have signed an agreement for the joint development of investment activities in digital start-ups. The goal of the partnership is to increase investment capacity for the start-ups selected and incubated by Digital Magics, guaranteeing adequate financial resources for

European flags

Linedata strengthens European custodian and fund administrator presence

Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance.  Leveraging Linedata Compliance for its breach management and stronger internal controls through a maker/checker (four eyes) review process, investor service providers are able to take advantage of full audit trails and enhanced

Egeria selects iLEVEL for portfolio monitoring

Dutch private equity firm Egeria has selected the iLEVEL Private Capital Data Platform to automate the process of collecting, storing, analysing and reporting on data across its investments. The Amsterdam-based private equity firm recently closed Egeria Private Equity Fund IV after it was oversubscribed at its EUR600m cap and is

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Midland IRA added to FNEX.com

Midland IRA has been added to FNEX’s self-directed IRA network.  FNEX platform users can invest their retirement funds in a multitude of private securities and managed accounts rather than being limited only to the public stock and bond markets.   FNEX announced the launch of FNEX.com, an online marketplace for

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12 November, 2026 – 5:00 pm

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