Humans over tech when it comes to fundraising

Raising capital in private equity has always been a relationship business; it is unlikely that technology will fundamentally change that, writes Karl Adam, a managing director at Monument Group.

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.”

In the article Adam also discusses the impact of portfolio intelligence tech, predictive analytics and active databases.

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This email was prepared by Brian Bonilla