This Week’s Vendor News

NEW & UPDATED PRODUCTS

Juniper Square launches JunieAI, a new AI built for private markets GPs. JunieAI is built into the Juniper Square platform to streamline workflows, turn data into insights, elevate the investor experience, and make fund administration accurate and transparent. JunieAI monitors key workflows, flags issues, and routes inbound requests to the right person. ↗

Dasseti to launch Sidekick to enhance due diligence. Dasseti's plans are for Sidekick to change due diligence by using integrated AI, automating tasks, ensuring transparency, and enhancing workflow efficiency for institutional investors. The full platform release is expected in July 2025. Dasseti's Sidekick is embedded directly into Dasseti’s core infrastructure, integrated with existing workflows, user permissions, and datasets. The primary role of Sidekick is to automate the manual processes that clients rely on: extracting structured data from unstructured documents, identifying inconsistencies, preparing and reviewing content, and enforcing quality control standards at scale. ↗

FINTRX introduces AI Powered Smart Charts. Now, users can visualize, chart, compare and create custom datasets all with AI within FINTRX. Users can chart ETF movement over time, track asset flows across firms, analyze advisor age cohorts within a team & more. ↗

Mosaic launches the Mosaic AI Analyst. By using GenAI, the AI Analyst helps users build or update their Mosaic models through chat-style instructions, capable of remembering the context of modeling task and taking feedback or making updates as required. What’s new:1 - Subsequent image uploads to Vision, 2 - Adding structural complexity to a model, 3 - Follow-up prompts with retained context. The Mosaic AI Analyst reduces the time spent on manual changes and iteration. ↗

Envestnet enhances its alternative investment capabilities available through its Unified Managed Account platform. This advancement is one step Envestnet is taking to facilitate access to semi-liquid and illiquid investments at scale. Through partnerships with BlackRock, Fidelity Investments, Franklin Templeton, State Street Global Advisors and Envestnet | PMC, Envestnet is launching professionally managed model portfolio strategies with allocations to semi-liquid alternatives and alternative ETFs. These solutions are designed to help advisors deliver diversification, income, and long-term growth potential while maintaining operational simplicity. Whether through advisor-traded sleeves, or fully managed models with semi-liquid strategies already embedded, advisors can now integrate alts directly into the portfolios they manage on Envestnet's platform. ↗

Addepar launches drift monitoring in Addepar Dashboards. The drift monitoring widget adds real-time model oversight to Addepar Dashboards — giving users visibility, context and the ability to act on drift instantly. With drift monitoring, users can: 1 - Quickly spot drift across eligible portfolios, 2 - Set your own tolerance levels — whether by percent thresholds, tolerance bands or custom definitions, 3 - Focus your view by asset class, group, or entity, 4 - take action in one click by navigating directly to the list of impacted portfolios with drift-specific insight, 5 - Stay up-to-date with regular drift recalculations throughout the day that capture new drift and confirm drift is resolved. ↗

Salesforce unveils its Summer ‘25 release, which includes an update designed to help businesses boost efficiency by integrating AI agents alongside human employees. The Summer ‘25 release includes hundreds of new capabilities for Agentforce, Salesforce’s digital labor solution for deploying AI agents across any business function. The release also includes product enhancements and industry-tailored solutions aimed at creating positive customer experiences. ↗

CAIS expands platform execution capabilities for ticker-traded alternative investment funds. This new feature enables advisors to facilitate the execution of both ticker-traded interval funds and subscription-based funds on the CAIS platform, providing advisors with a unified experience for their alternatives. This helps reduce operational complexity and allows advisors to trade and manage their entire alternatives portfolio in one place. This capability also enables single-click model allocations on the CAIS Model Marketplace across all structure types, including private funds, registered funds, and ticker-traded products. Advisors can now implement diversified alternative portfolios at scale, driving efficiency and enhancing client conversations. ↗

Throughlines, the newest feature at Tablecloth.io, offers a structured way to capture operational updates as they happen. It turns scattered insights into searchable and shareable records, so users can show not just what happened, but how it happened, and why it mattered. For funds, Throughlines enhances visibility and communication across the portfolio. It surfaces early signals, differentiates narrative during fundraising, and cuts down back-and-forth with portfolio teams during reporting cycles. Throughlines is now live for all Tablecloth.io users. ↗

Salesforce launches Marketing Cloud Next. Built natively on the Salesforce Platform, Marketing Cloud Next brings agentic marketing to life with actionable data, cross-departmental workflows, and autonomous AI agents embedded across the entire customer funnel. These AI agents transform ‘do-not-reply’ messages into agentic engagements — where every channel becomes a two-way conversation. And, behind the scenes, they handle tasks like campaign assembly, performance optimization, and 1:1 personalization. Marketing Cloud Next's AI agents operate like experienced team members that understand your business, take initiative, and drive outcomes. This frees marketers to focus their time on strategy, creativity, and building customer relationships. ↗

Affinity expands its investment in duplicate management with new functionality to bulk merge (and undo) duplicate people records on its platform. Features include: 1 - Bulk merge duplicate people records: Review and resolve multiple duplicate people profiles in one streamlined action. Filter and surface matches using either the new Intelligent Match or Name Match. 2 - Track progress with "Merged" and "Merging" statuses, 3 - Unmerge when needed: If the wrong records were merged, users can now undo the merge and restore original profiles at any time. ↗

FINTRX launches advisor M&A SmartView. M&A SmartView is the newest AI-powered addition to the FINTRX platform, purpose-built for M&A professionals to find and qualify RIA acquisition targets. M&A SmartView offers 1 - Proprietary Acquisition Score: Leverage the FINTRX Acquisition Score to assess which firms are most likely to transact—based on proprietary signals like AUM growth, rep stability, and ownership structure. 2 - Custom Fit Analysis: AI-driven insights that surface green lights and red flags based on acquisition goals, rick tolerance, and operational preferences. 3 - Historical Growth & Team Insights: Access key metrics like AUM trajectory, advisor count trends, and personnel structure to assess scalability, succession planning risk and long-term viability., 4 - Integrated AI Analyst: Evaluate firms with built-in AI prompts that generate instant analysis on M&A readiness, historical growth, custodian overlap, and integration potential. ↗

Grata unveils new Deals feature for analyzing precedent transactions. Grata's new Deals feature allows users to find M&A, growth, and VC transactions quickly by filtering for: 1 - financial criteria, 2 - industry, 3 - sizing information. ↗

DEAL ACTIVITY

Juniper Square raises $130 million in a Series D round at a $1.1 billion valuation. The new round was led by Ribbit Capital, with participation from Fifth Wall, Redpoint, HighSage Ventures, Blue Owl Capital, and others. Juniper Square plans to use the funding to further develop JunieAI, its new AI solution designed to meet the needs of private markets GPs. ↗

Ontra successfully closes $70 million financing round with Silicon Valley Bank, a division of First Citizens Bank. Ontra will use the capital to accelerate product development and expand its suite of products to automate workflows across the fund lifecycle. The company plans to launch additional AI-powered products later this year to streamline due diligence questionnaires, simplify Know Your Customer processes and accelerate contract negotiation timelines.This brings Ontra's total fundraising to approximately $325 million in combined financing and equity investments since it was founded in 2014. ↗

PARTNERSHIPS & INTEGRATIONS

FTSE Russell and StepStone Group sign a proposed partnership to jointly develop private asset indices, data, and analytics products. The partnership encompasses the development and delivery of reference indices for a full spectrum of private asset allocations, allowing asset owners to better benchmark the performance of private markets portfolios within a total “real return” portfolio view and asset managers to develop products tracking these daily indices. FTSE Russell and StepStone expect the initial cohort of daily indices to be launched this year, with further indices and supporting analytical tools to follow. ↗

Prosperity IFA Limited selects SEI for model portfolio. SEI is now serving as a discretionary investment manager for Prosperity’s white-labelled range of model portfolios. The Pegasus MPS range, managed by SEI, seeks to strengthen Prosperity’s central investment proposition and client experience through a scalable and cost-effective investment framework. ↗

Hyperscience and Carahsoft partner to accelerate AI-driven automation. This partnership is aimed at transforming back office operations for Federal, State and Local Government Agencies. Under the agreement, Carahsoft will serve as a Master Government Aggregator for Hyperscience, making the company’s AI platform available to the Public Sector through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement V, National Association of State Procurement Officials ValuePoint, The Interlocal Purchasing System and OMNIA Partners contracts. The company’s platform allows Public Sector agencies to access AI-driven tools designed to automate manual workflows, improve data accuracy and transition from paper-based processes to digital-first systems. ↗

First Eagle Investments collaborates with SUBSCRIBE to provide digital onboarding for alternative credit investors. The new First Eagle Private Credit Fund will be available to income-oriented individual investors through the SUBSCRIBE platform. By partnering with SUBCRIBE, First Eagle will provide investors in the fund with a digital experience for onboarding, subscription documents and order workflows. ↗

Wesleyan Assurance Society, a financial services mutual, picks SS&C to develop its new wealth management platform. The platform builds on Wesleyan’s existing relationship with SS&C, which has served as the fund transfer agent for the Wesleyan Unit Trust Managers range of funds for over 20 years. Wesleyan selected SS&C Hubwise to deliver the new platform, which will broaden the range of investment and retirement products available to Wesleyan’s financial advisers and their customers. The platform will give Wesleyan advisers centralized access to open and manage accounts and investments while offering an enhanced, modernized user experience. SS&C will also provide customer service support under the Wesleyan brand. ↗

daappa and OneNexus form strategic partnership to address operational challenges in private markets. daappa will combine its platform with OneNexus’s experience in outsourced fund accounting, transfer agency, managed data, reporting, and middle office services. This partnership addresses an evolving regulatory landscape and operational complexities faced by alternative market participants, enabling startups and boutique firms to reduce internal overheads, improve scalability, and maintain transparency and control. ↗

EcoVadis and Ivalua build on strategic partnership to accelerate risk identification in supply chain. This new integration brings EcoVadis IQ Plus directly into Ivalua’s Risk Center, expanding on the existing integration of EcoVadis Ratings into the Ivalua platform. The integration helps address challenges for procurement teams by embedding risk signals and sustainability intelligence from EcoVadis IQ Plus into Ivalua’s platform, across any workflow, so users can visualize potential risk hotspots before engaging with suppliers. By leveraging predictive analytics and global risk indicators, this connection equips decision-makers with insights at the earliest stages of the sourcing and supplier management process. ↗

Base partners with G2 to reshape customer marketing. Base helps B2B companies automate and scale reference management, advocacy, customer feedback, testimonials, reviews, community engagement, VOC programs, upsell opportunities, and more. With the new G2 integration, Base’s Lifecycle Engagement platform brings together data (structured and unstructured), actionable insights, and signals that help identify growth opportunities, customer risk, and leverage customer voice for sales and marketing in an accurate and real-time manner. Base customers can now promote user feedback/reviews for every step in the buyer journey. Customers can also embed their customer voice into sales and marketing collateral to reinforce credibility at key decision points, and drive conversion rates. ↗

Intapp collaborates with Snowflake for enhanced analytics and industry insights. Intapp clients will now be able to build and apply analytics across a set of firmwide data in the Snowflake AI Data Cloud, then leverage that information within Intapp DealCloud to enrich their deal management capabilities. ↗

Tracxn now integrates with HubSpot. Features of this integration include: 1 - Instant company sync, complete with business details, 2- Auto-enriched CRM records without manual entry, 3 - Add or remove entries anytime, quickly. ↗

Novata is now an accredited partner of CDP, a global non-profit in environmental disclosure. Together, both companies are enhancing transparency in the private markets and providing a way for companies to align with global standards. As an accredited partner, Novata will support companies and investors in turning sustainability data into decisions that matter for business and for the planet. ↗

Attio now integrates with Default, the automation platform for startups to manage inbound leads. Using Attio and Default together, users can: 1 - Enrich leads, from web, events, and beyond, with waterfall enrichment, 2 - Route prospects to the right owner and book meetings, 3 - Surface leads in Slack and sync calendars in real time, 4 - Deploy no-code, high-converting forms that lift site conversion. ↗

OneTrust partners with Databricks to launch new Data Policy Enforcement product integration. This new integration enables data governance teams to automate data policy enforcement with Unity Catalog and keep up with the speed at which AI-driven systems process and utilize data. This partnership enables users to enforce policies in real-time and apply governance within the data processing infrastructure. Joint customers of OneTrust and Databrick can now accelerate data use for AI initiatives while ensuring compliance and reducing risk. ↗

Ardian and ROYC form new partnership. Under this collaboration, ROYC will act as a key partner for Ardian in the private wealth segment in Europe. ↗

NEW CLIENTS

HG Re selects Clearwater Analytics for performance attribution and risk management. This implementation will provide HG Re with tools to support data-driven investment decisions and improve portfolio oversight. By adopting Clearwater, HG Re is streamlining its operations and gaining direct control over investment performance and risk management—reducing its reliance on custodial and external service providers. ↗

White Oak Management S.A. is live on Allvue's Fund Administration Essentials Platform. White Oak Management selected Allvue to power its fund administration offering, enabling the firm to deliver streamlined operations, automated workflows, and reporting capabilities to its customers. ↗

Privacore Capital selects the SUBSCRIBE platform to support the distribution and transaction workflows for its investment products. Privacore Capital is an affiliate of Janus Henderson and is an open-architecture solutions provider for alternative investment products for the private wealth market. ↗

Symetra Investment Management Company selects Allvue's CLO platform to support the firm’s collateralized loan obligation transaction. SIM, a registered investment advisor overseeing approximately $79 billion in aum, leveraged Allvue’s end-to-end CLO suite, which offers tools for portfolio and trade management, agent notice processing, collateral management, compliance, and investment accounting. Allvue and SIM emphasized early project planning and resource alignment to streamline the onboarding process. ↗

OFFICE & PERSONNEL

Validus Risk Management appoints Daniel Johnson as Chief Technology Officer. Based in London and reporting to CEO Kevin Lester, Johnson will lead on developing the company’s technology strategy as it continues to scale operations and develop its product offering. Johnson has over 15 years of experience working in both large and small tech-driven organizations, most recently he spent four years at Hargreaves Lansdown as Chief Digital Platforms Officer. Prior to Hargreaves Lansdown, Johnson worked as CTO for a number of software businesses helping them to build scale and efficiency. ↗

Finquest adds to executive team with COO, CRO, and CCO appointments. Finquest has appointed Co-founder and former CRO Gerard Belicha as Chief Operating Officer, Clive Cooper as Chief Revenue Officer and Aryanish Kapadia as Chief Customer Officer. The CRO and CCO will report to the COO. Cooper, formerly Global Head of Private Equity at Finquest, brings over a decade of commercial leadership in the private equity ecosystem. He previously held senior roles at SourceScrub, Ansarada, and S&P Capital IQ, leading teams and driving growth across markets. Kapadia, a CPA with investment banking experience at JPMorgan and Citigroup, has led research and client delivery at Finquest for six years. ↗

Drawbridge appoints Eric Bernstein as Chief Executive Officer. Bernstein brings over two decades of experience in financial services and technology leadership. Bernstein currently serves as a Non Executive Director at Aztec Group. Previously, he has been the CEO at Odessa, COO at EquityZen and President of Broadridge Asset Management Solutions at Broadridge Financial Solutions. Bernstein has also held the positions of Chief Customer Success Officer and COO, America at eFront and spent almost six years at Linedata Services. ↗

SimCorp promotes Dean McIntyre to Chief Commercial Officer. In this position, McIntyre will drive SimCorp’s global commercial initiatives, including everything from data and operations, front line commercial team and marketing, to support the company’s client-facing teams worldwide. He will continue to report to Chief Revenue Officer Oliver Johnson. McIntyre joined SimCorp in January 2023 as Director of Strategy and then served as the company’s Global Head of Commercial. Prior to that, he held senior roles at Bloomberg, FactSet, Northern Trust, Schroders and UBS Global Asset Management. ↗

Kevin Feeley joins Broadridge as Head of Client Service and Operations, US Mutual Funds and Non-Listed Issuer Proxy Services. Feeley brings nearly 30 years of experience in financial services. Most recently, Feeley was Director, Global Shareholder Services at Franklin Templeton and he also spent 28 years as Director, Vendor Relationship Management and Operations Support at Putnam Investments. ↗

Alias Intelligence adds to leadership team with the strategic additions of John Sugden as Vice President of Product Growth and Desiree Adam as Vice President of Product Delivery. Sugden brings to Alias previous experience in the risk and intelligence space, including senior leadership roles at RosettiStarr, Vcheck Global, and Exiger, where he spent over a decade developing research teams and scaling investigative frameworks. His also has insight in product strategy, operational execution, and due diligence. Adam joins Alias after leading the due diligence function at Vcheck Global, where she oversaw operational strategy, team leadership, and quality control for a portfolio of client engagements. With over 15 years of leadership at Vcheck & HireRight, she brings insight into operations, compliance, and due diligence processes. ↗

InvestorFlow welcomes Dhruv Mehrotra as Vice President of Engineering. With nearly two decades of experience in fintech and enterprise technology, Mehrotra brings his knowledge in building scalable platforms to InvestorFlow. His background includes senior engineering roles at Invesco US, Fidelity Investments, UBS, and Sapient. ↗

Atominvest hires Muriam MacIntosh as the US Lead for the Customer Success team. Having spent over a decade leading customer success initiatives across both public and private markets and guiding digital transformation initiatives at Hamilton Lane and Henon.ai, MacIntosh brings previous experience in private markets and technology. Throughout her career, MacIntosh has worked with institutional investors, fund managers, and global client teams - delivering onboarding programs, improving retention outcomes, and embedding service models. ↗

Accelex expands into the APAC region with an office in Sydney and has appointed two industry professionals, Brett Angwin, head of sales, APAC and Kai Jebens, sales director, Southeast Asia. Angwin will lead the region, bringing over 20 years of experience in technology and financial services. He has held senior sales and business development roles at fintech, data and analytics firms across Singapore and Australia, including BlackRock, eFront, and FIS, in director and VP positions. Most recently, he headed APAC sales for Charles River Private Markets before joining Accelex. Kai Jebens, who has over 15 years in Singapore and previous roles at BNY Mellon, Bloomberg, and ICE, has been appointed sales leader for Southeast Asia. He brings a background in private markets technology, having most recently led Northern Trust’s custody, data, and digital services growth across Southeast Asia as senior VP, head of sales. ↗

VENDOR RESEARCH & WHITEPAPERS

Backstop has a new blog, "Build vs. buy: 4 questions every smart consulting firm should ask". Backstop feels that this one question can shape how quickly you deliver insights, how well you scale, and whether your infrastructure propels or impedes your growth. In this blog, Backstop explores four key questions that it feels every consulting leader should be thinking about. ↗

Dynamo Software has a new blog, "What are the Three Key Trends Shaping Fund of Funds Strategies in 2025?". In Dynamo’s work with FoF clients, three trends have come to the forefront. In this blog, Dynamo takes a closer look at these trends, along with the technology implications that come with them. ↗

Quva has a new blog, "How to Find the Best Software for Your Venture Capital Firm". Quva feels that when searching for the right software for a venture capital firm, there are several elements to consider. It’s not just about features or price, it’s about efficiency, deal flow, compliance, and how well it fits your team’s workflow. In this blog, Quva takes a look at a few of the key features VC directors look for when searching for venture capital software. ↗

Grata has a new blog, "Data: The Secret Weapon in a Winning M&A AI Strategy". In this blog, Gratas breaks down how LLMs work and what they’re good at, why a strong data science layer is crucial for useful M&A AI tools, and why that’s difficult to get right. ↗

AWARDS

SimCorp recognized with two industry awards for its platform, SimCorp One. SimCorp One was named Best Buy-Side Operation Solution at the FTF News Technology Innovation Awards 2025  and also received the Market Choice Award for Best Multi-Asset Class Front-to-Back Solution. ↗

S&P Global Market Intelligence's Client Lifecycle and Regulatory Solutions have won two awards at the FTF News Technology and Innovation Awards 2025. S&P has won for: Best Operational Risk Management Solution for CLM Pro and Service Provider of the Year for Client Lifecycle & Regulatory Solutions. ↗

The Winners from The Drawdown Awards 2025 have been announced. Winners from our Vendor Profiles database include:

Operations & Tech Adviser - Holland Mountain
Data Technology - AssetMetrix
Fundraising Technology - Atominvest
Deal Sourcing Technology - Filament Syfter
Portfolio Monitoring Technology - Chronograph
Valuation Technology - 73 Strings
Fund Administration: Technology & Innovation - fundcraft
Fund Accounting Technology - Entrilia
Legal Technology - Robin AI
ESG Technology - Novata
Investor Portal - Atominvest

Congratulations to all the Winners! ↗

The winners of the IMD & IRD Awards 2025 have been announced by WatersTechnology. Winners from our Vendor Profiles database include:

Best AI/machine learning data initiative – AlphaSense
Best alternative data initiative – Alkymi
Best alternative data provider/vendor– Bloomberg
Best corporate actions data initiative – S&P Global Market Intelligence
Best data analytics provider/vendor – Bloomberg
Best enterprise data management initiative – FactSet
Best enterprise data management provider/vendor – FINBOURNE Technology
Best corporate actions managed service – S&P Global Market Intelligence
Best private markets data initiative – Alkymi
Best real-time market data initiative – FactSet
Best reference data managed service – FIS
Best research provider/vendor – MSCI

Congratulations to all the winners! ↗