Robots take over cash management at Hamilton Lane

Hamilton Lane taps AI for capital activity management; European PE, still strong, has challenges ahead.

Artificial intelligence: The precipitous growth of AUM throughout private equity is causing more and more players to automate cash management processes. Connor Hussey has the details on how alternative asset manager Hamilton Lane did just that, via an artificial intelligence platform called Hazeltree Private Markets. The process took the better part of a year, beginning with cash balance aggregation, but Hamilton says the firm now has an “enterprise view” of all their capital activities, making initiating capital calls, among other things, a more efficient process.

Europe’s PE odyssey: Carmela Mendoza has the low-down on the four themes expected to shape the dialogue between European governments and the private equity industry. Amid a (very) slight slowdown in European fundraising last year (down $5 billion year-on-year), and an even more significant (if still strong) drop in buyout and related deals (down 19 percent), there are still high expectations for a 2020. But the industry will need to be deft to successfully navigate the Scylla of legislation and the combined Charybdis of political uncertainty and an economic slowdown.

Email prepared by Graham Bippart