Solutions
Private equity firm BlackFin has acquired GP3 and Decalog, two software solutions providers dedicated to the asset management and asset servicing industry, from SunGard.
GP3 is a fund accounting, valuation and reporting software, while Decalog is a middle-office, front-office and compliance software.
BlackFin is combing the two companies to create new entity, which will be known as NeoXam.
Overall, NeoXam will employ circa 250 people, of whom circa 150 are in Western Europe, and will generate consolidated revenues of around USD50m making it one of the largest European providers of software solutions dedicated to the asset management industry.
JTC Group’s funds arm has invested in an IT platform, FrontInvest, to bolster its capabilities in the funds sector.
The platform, provided by eFront, follows best practice processes and systems and helps to ensure that JTC Group can fulfil regulatory, financial and tax reporting requirements for its growing roster of fund clients.
JTC Group’s international funds team administers both closed- and open-ended funds established in Guernsey, Jersey and Luxembourg, as well as other non-domiciled fund structures in financial centres, such as the British Virgin Islands and the Cayman Islands.
Its expertise and scope has been enhanced by the
Black Mountain Systems has selected the Eze Private Cloud to deliver services to its clients, including global investment firms, which use Black Mountain Systems for data aggregation, process management and business reporting.
By delivering its Everest platform directly through the Eze Private Cloud, Black Mountain Systems gives its clients enterprise-grade services and applications in a flexible, secure environment.
Black Mountain Systems is a software company that develops tailored solutions for global investment firms seeking greater operating efficiency and reduced risk. The company’s Everest platform eliminates the boundaries between systems, information and people, so that clients can focus on the
South African fund administrator IDS Fund Services has selected the eFront solution for its private equity and real estate fund administration operations.
IDS is an independent fund administrator based in Cape Town, with operations in Malta and representation in Mauritius. Established in 2002, IDS employs more than 110 staff and has more than USD8bn worth of assets under administration.
With a growing private equity market in Africa and the increasing complexity of the alternative asset market, IDS sought a technology solution that would enhance its private equity operation and service offering for local and international clients. eFront was able
Kantox, an FX firm offering SMEs and mid-caps a foreign currency exchange solution via a peer-to-peer (P2P) trading platform, has secured EUR6.5m of new series A funding.
The increase in capital will be used to further develop its technology and consolidate its presence across Europe, providing more clients with a cost-effective alternative to trading FX with banks and brokers.
Partech Ventures and Idinvest Partners led the funding round alongside existing investor Cabiedes & Partners.
“We are extremely excited to have secured this latest round of funding, and can’t wait to continue building out our sales teams in Germany,
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 (STP) and transparency.
Delivered as a hosted solution, SunGard’s Asset Arena Data Connect enables customers to quickly use alternative investment processing platforms including the Depository Trust Clearing Corporation’s (DTCC) National Securities Clearing Corporation’s (NSCC) automated and centralised Alternative Investments Platform (AIP).
It may be used with any record-keeping
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, TKS Solutions, it recently began doing business as Ingenious Initiatives.
Penny Version 10.1 incorporates unitised partnership calculations and allows hedge fund back offices to manage stock and cash distribution and reinvestment, and benefit from a wide range of other updates.
In Version 10.1, the unitised partnership calculation feature
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 cloud platform.
The partnership offers AbacusFLEX clients integration with Global Relay’s compliance archiving and monitoring solution.
The Dodd-Frank Act requires that hedge funds, private equity funds and investment advisors retain and monitor electronic messages. Now, in partnership with Global Relay, AbacusFLEX clients’ email, Bloomberg, Instant Messenger (IM), mobile
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 a single solution to handle everything from the maintenance of statutory records to the release of financial statements. The firm also needed a solution that would support its strategy of continued expansion into PE investing, especially in Africa.
The implementation, which was tailored to accommodate PE fund requirements specific
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.
By increasing its application hosting service, Abacus offers greater overall business and workflow efficiency to fund managers. Hosting applications in the private cloud also ensures better system resiliency, redundancy and data back-up capabilities, while providing support services from round-the-clock IT staff.
The AbacusFLEX private cloud platform enables funds to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
