Future of Fund Services 2021
If private equity-facing service providers didn’t already have their hands full catering to the needs of fund managers prior to the onset of the pandemic, the new challenges brought on by a previously untested doomsday response certainly opened up new avenues to serve their clients.
GPs are under more pressure than ever to meet the needs of their LPs, and that pressure is only going to increase over time. As LPAs and other fund documents and functions become increasingly complex, GPs are going to rely more and more heavily on their service providers to help them shoulder the burden.