Investment management solutions provider SimCorp and market index and decision support provider MSCI have expanded their data collaboration efforts by focusing on the operational burden for buy-side firms of streamlining access to aggregated, private market datasets, officials say. SimCorp and MSCI initially collaborated in 2022 to offer SimCorp clients access to private investment benchmark data,… Read More >>
Investment Group Buys Clearwater Analytics for $8.4 Billion
A group of private equity and investment firms announced late last year that it is acquiring Clearwater Analytics (CWAN) via an $8.4 billion transaction that will take the company private and pay out $24.55 per share in cash to CWAN stockholders upon completion of the proposed transaction, officials say. The investment group is led by… Read More >>
Allvue Systems Debuts A.I. Agent for Complex Workflows
Allvue Systems, a provider of investment management technology solutions for alternative asset managers, has launched Andi for Fund Accounting, an agent based on artificial intelligence (A.I.) that is intended to help end-users navigate complex workflows, officials say. Andi is available for private equity and fund administration teams that use Allvue’s Fund Accounting platform. The new… Read More >>
Private Equity Firm Acquires EquiLend
Private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has acquired a majority stake in EquiLend, a technology, data, and analytics provider for the securities finance industry, officials say. WCAS is “impressed with EquiLend’s highly differentiated suite of technology solutions and its sustained trusted client relationships,” says Ryan Harper, a general partner at the private… Read More >>
FinTech Brief: ISO & SOC Certify Oxane’s Offerings
Oxane Partners, a solutions provider to private markets, has achieved global information security accreditations by completing Systems and Organizations Control (SOC) audits and the International Organization for Standardization (ISO) 27001 certifications, officials say. “The completion of SOC audits (SOC 1, SOC 2, and SOC 3) emphasize Oxane’s strong controls over financial reporting, and handling of… Read More >>
Emerging PE Firms Must Bolster Ops IT: Survey
Emerging managers in the private equity space are facing the tightly related challenges of having to increase their allocation to private debt and private equity over the next 12 months while also bolstering their operational technology to meet the transparency and reporting demands of limited partners (LPs). This is the topline result of a survey… Read More >>
Watson Wheatley to Use Daymi’s APIs & Other News
New Links Will Help Users Manage iRecs Projects Watson Wheatley, a London-based provider of securities reconciliation, and Daymi, an interactive operations playbook provider based in Stockholm, have launched a connectivity partnership that will enable operations teams to better manage recurring projects, routines and tasks, officials say. “Using the API [application programming interface] connection that… Read More >>
TPG Buys Angelo Gordon for $2.7B & Other News
TPG-Angelo Gordon’s Combined AUM Is $208 Billion Private equity asset manager TPG Inc. is acquiring Angelo Gordon, a $73 billion credit and real estate investment firm via a cash and equity transaction valued at approximately $2.7 billion, officials say. Acquiring Angelo Gordon “marks a significant expansion into credit investing for TPG, establishing additional levers to… Read More >>
SWIFT Tests API for CBDCs & Other News
SWIFT’s CBDC Connector Shows ‘Potential’ Officials at SWIFT, the global financial messaging services and systems cooperative, say that 18 central and commercial banks foresee “clear potential and value” in a connector for Central Bank Digital Currencies (CBDCs) based upon an application programming interface (API) that is SWIFT’s experimental solution for interlinking CBDCs. SWIFT reports that… Read More >>
Insurance Investment Managers Can Optimize PE Returns: Q&A
(FTF News recently got time with Stan Szczepanik, managing director and head of insurance solutions at SS&C Technologies, and Scott Kurland, managing director at SS&C, who took questions about key trends facing insurance company investment portfolios — complex portfolios, a growing convergence between private equity (PE) and insurance entities, and the ways that artificial intelligence… Read More >>
