Latest news with #privateMarkets

Finextra

5 days ago

Business
Finextra

Juniper Square completes $130 million Series D

Juniper Square, the pioneer of connected fund software and services for private markets, today announced it closed its Series D round and secured $130 million in new funding led by Ribbit Capital, with significant strategic investment from Fifth Wall, and additional participation from Redpoint Ventures, HighSage Ventures, Blue Owl Capital and others. 0 Juniper Square will use the capital to accelerate investment in JunieAI—the first enterprise-grade AI built specifically for the needs of private markets GPs. JunieAI combines the power of modern large language models (LLMs) with critical enabling components—Juniper Square's fund system of record for GPs and LPs, a scaled data model, comprehensive workflows coupled with managed services, industry integrations, and robust measures for security, control, and permissioning—to help GPs move faster, work smarter, and operate more efficiently. Juniper Square announces $130 million Series D financing round and the launch of JunieAI As an agentic AI platform, JunieAI provides: Agents supporting the work of investor relations, fund administration, portfolio management, and investment decisions Model-agnostic orchestration across agents, tools, workflows, and systems Precision tools for the accuracy demands of accounting and reporting, fused with the ease of use and power of generative AI Secure, enterprise-grade permissioning and control Deep domain expertise in private markets AI workflows wrapped with full service solutions Unified structured and unstructured data—including from emails and documents Seamless integration with existing GP tools Fine-grained agent governance, empowering GPs to define how AI agents behave, respond, and defer across use cases "The private markets are undergoing a once-in-a-generation transformation driven by two tsunamis of change: the rise of the retail investor and the breakthrough potential of AI," says Alex Robinson, CEO and Co-Founder at Juniper Square. "Our mission is to equip GPs with the technology and services they need to thrive in this new era. With JunieAI, we're helping our customers stay ahead—turning disruption into opportunity across every facet of work inside of the modern GP." "Juniper Square is uniquely positioned to lead the private markets into the AI era," says Nick Shalek, General Partner at Ribbit Capital. "Few companies have the combination of enterprise-grade trust, enabling infrastructure, deep domain expertise, and structured data at scale that Juniper Square brings to bear. With JunieAI, they're harnessing these strengths to build AI solutions that are purpose-built for private markets—not just bolted on. We're thrilled to support Juniper Square as it sets the standard for how this industry will evolve." This fundraise follows a period of rapid growth for Juniper Square including >100% 3-year CAGR in its fund administration business, which today manages over 2,000 fund entities globally across an extensive range of strategies and complex fund structures. Growth has been especially strong in the private equity and venture capital verticals, which now represent four of the five largest customers by revenue. In May, Juniper Square expanded into Luxembourg, unlocking integrated fund administration and efficient cross-border operations for private markets GPs at a global scale. "Juniper Square stands out as a frontrunner to lead the private markets as the world moves toward an AI-driven future," says Jay Maher, Global Chief Operating Officer at H.I.G. Capital. "Juniper Square's focus on AI innovation will deliver transformative benefits across the industry—empowering organizations to better serve investors and drive long-term growth." Over the past decade, Juniper Square has built the connected infrastructure that powers private markets, helping make the industry more efficient, transparent, and accessible. With retail investors reshaping the landscape and the market on track to exceed $60 trillion within a decade, GPs need innovations like JunieAI to keep pace and capture new opportunities.

DiligentIQ Announces Name Change to ToltIQ

National Post

12-06-2025

Business
National Post

DiligentIQ Announces Name Change to ToltIQ

Article content NEW YORK — DiligentIQ, the leading provider of AI-powered due diligence solutions for private markets, today announced it is changing its name to ToltIQ, effective immediately. The new name reflects the company's strategic positioning within the private markets due diligence landscape and distinctively captures what sets the company apart: the ability to rapidly surface insight from thousands of complex documents with extraordinary speed, stability, and ease. In an industry where time is everything, ToltIQ delivers a smoother, smarter, and more confident path from due diligence to decision-making. Article content 'The name ToltIQ was inspired by a moment during my time at KKR,' said Ed Brandman, Founder and CEO of ToltIQ. 'In an annual review, my boss shared how Icelandic horses have an additional gait, the tölt. It's smooth, fast, and efficient, with the rider barely feeling the effort. It allows Icelandic horses to navigate complex terrain. KKR was an intense firm to work at, as well as being very rewarding. The firm took on complex challenges that were often unique in the industry. My boss was asking me to find that 'extra gait', that fifth gear. Fortunately, I was able to accept that challenge and we remain good friends to this day. ToltIQ embodies this by helping investment teams move at extraordinary speed with clarity and grace.' Article content While adopting the ToltIQ name, the company is maintaining its iconic 'IQ' logo and overall visual identity. The corporate website, LinkedIn page and team email addresses will also reflect the new ToltIQ identity. The company anticipates completing the name change process in stages over the next two weeks to minimize any potential disruptions. The name change will not affect existing client access to the platform, and all client emails and access points will be automatically redirected with no action required from current users. Article content ToltIQ focuses on collaborative workflows common on deal teams during diligence activities. Leveraging frontier models from OpenAI and Anthropic, ToltIQ enables investment teams to digest complex information and identify opportunities and risks with greater speed and accuracy compared to traditional methods. In benchmark testing initiated by clients, firms found 35% to 85% productivity gains, with certain diligence activities reduced from hours to minutes and multi-week projects completed in days. Article content Want to see how ToltIQ can streamline your due diligence process? Schedule a demo at to discover how our platform transforms your workflow. Article content About ToltIQ Article content ToltIQ is the leading provider of AI-powered private market due diligence solutions for GPs, LPs, diligence advisory firms and Family Offices. By combining advanced artificial intelligence with deep private markets expertise, ToltIQ helps investment professionals conduct more thorough, efficient, and accurate due diligence. The company's platform securely ingests deal documents typically found in virtual data rooms while rapidly analyzing and categorizing them to extract critical insights. By delivering clear, actionable intelligence and reducing the need for manual workflows, ToltIQ enables investment teams to focus on what drives deal value – from growth opportunities and early detection of risks to operational improvements. ToltIQ was founded by Ed Brandman, former Partner, Chief Information Officer and Head of Credit Operations at global investment firm Kohlberg Kravis Roberts & Co. (KKR). Article content Article content Article content

People Are Worried About Private Market Liquidity

Bloomberg

10-06-2025

Business
Bloomberg

People Are Worried About Private Market Liquidity

This is a newsletter about funding models now. We talked yesterday about banks, and how their funding model — raising money from depositors who might want their money back at any time — influences what sorts of assets they should buy. But the same questions — how should I fund the assets I own, and what assets should I own given my funding model? — arise everywhere. Here is a simple story of private markets: So that's the basic idea. Ordinary retail investors, and products that cater to them — like mutual funds — care about liquidity, so they invest in public stuff. Endowments and insurers and pension funds and other institutions with long time horizons don't care about liquidity, so they can get higher returns by investing in private stuff.

Finextra

04-06-2025

Business
Finextra

Asic shares industry feedback on tthe future of Australia's public and private markets

ASIC today released more than 50 public submissions received in response to its discussion paper on the evolving dynamics between public and private markets, released in February 2025. 0 The paper examined the health and future of Australia's markets, including the growth in private markets, the decline in public listings, and the growing significance of superannuation funds. ASIC continues to meet with domestic and international stakeholders and has received almost 90 submissions. The responses have been overwhelmingly positive and reflect the views of industry bodies, market operators, superannuation trustees, fund managers and other stakeholders across the finance sector. ASIC Chair Joe Longo said the agency was closely considering the submissions to inform its next steps. 'ASIC has a mandate to drive financial system performance and improve investor confidence. 'ASIC wants both public and private markets to thrive and flourish - together, they drive more investment, more opportunities for companies to grow, and more jobs for Australians. 'I was encouraged by the breadth and richness of the responses we received, which recognised this is a timely discussion that will shape the future of Australia's capital markets. We heard our markets are strong but changing, and that public and private markets must complement, not cannibalise each other.' ASIC has distilled the feedback into themes, which are shaping further work and thinking, including learning from international experience. These include: Structural and cyclical factors are shaping both public and private markets Public market adjustments would improve and enhance their attractiveness Private markets are here to stay and grow, there is an acknowledgement of the need for any regulatory guidance to be measured, working closely with industry and aligning to international standards Private credit is good for the economy and investors, if done well. There may be work to do to ensure it is sustainably done well Superannuation is a mature investment force in Australia and a significant and structural influence in markets and investment More to do on data collection and transparency of private markets including in dimensioning the market itself and learning from international practices. 'I thank everyone for their feedback; ASIC is listening. We have noted a range of insights and actionable ideas, including streamlining IPOs and disclosure requirements. We will carefully consider the requests for urgency to improve the attractiveness of Australia's public markets, as well as the caution expressed in submissions to move carefully in adjusting any settings in private markets. 'We look forward to announcing the adoption of some of the proposed actionable ideas and will share our roadmaps for public and private markets in Q3 and Q4, respectively, this year. This work will be supported by further feedback from stakeholders, our ongoing surveillances, and views from market experts in the coming months,' Mr Longo said. Background On 26 February 2025, ASIC released a discussion paper which explored the changing dynamics in capital markets in Australia and abroad, including declining listings on public markets, the rapid growth in investment capital allocated to private markets and the growing significance of superannuation funds in markets. To further support its markets work, ASIC has commissioned the following expert insight papers on: the future state of Australia's capital markets; the private credit environment; and international approaches to data and transparency in private markets. ASIC's work will also be informed by current surveillance activity of retail and wholesale providers of private credit and private market managed investment schemes. The discussion paper followed ASIC's report, Equity market cleanliness snapshot report (REP 786), released in July 2024. The market cleanliness report showed Australia's listed equity markets have continued to operate with a high level of integrity and remain consistently among the cleanest in the world. The report provided a broader context for the findings in Report 787 Review of Australian equity market cleanliness: 1 November 2018 to 30 April 2024 (REP 787). ASIC's Moneysmart website has information for consumers about how to choose the right investments to reach their financial goals.

Apollo Sees Opportunities in Investment-Grade Credit