It’s impossible to ignore the technological advancements that continue to be made in the finance world. However, the PE world isn’t close to replacing the human element of fundraising, says Karl Adam, a (human) managing director at Monument Group.
Adam gives the example of creating a target list of prospective limited partners, which he says is more art than science: “For example, a particular LP might seem like a great match for a fund, but the individuals at the LP might have a poor track record of getting investments signed off on in a timely manner.”
PS: GPs, lawyers and other advisory groups should keep an eye out for our sister title Private Equity International‘s awards process, which will launch today. Subscribers to that service will receive an emailed invitation to submit information. Non-subscribers should visit privateequityinternational.com for details
This email was prepared by Brian Bonilla