AI

The AI-native firm has tapped a Kirkland & Ellis veteran funds lawyer to co-head its global private capital funds practice as it builds out its high-end offering.

As AI automates routine legal work, law firms are helping emerging managers scale compliance, governance and fundraising.

Some fear GPs are at risk of overpromising and underdelivering on AI’s ability to drive topline growth.

The good news? Firms are being proactive about AI ‘guardrails.’ The bad news? They may need a lot more help as investor/expert skepticism grows, litigation risks widen.

ILPA’s Neal Prunier says LPs are looking beyond investment returns, evaluating manager alignment, operating models, transparency and technology infrastructure before committing capital.

For CFOs wrestling with their firm’s AI effort, creating an internal 'lab' might be the best way to tap the tech’s evolving capabilities.

While AI can play an important role in compliance efforts, it’s best paired with robust human judgment, expertise and accountability, write Igor Rozenblit and James Basili of the regulatory consultancy Iron Road Partners.

The admin’s new Headless GPX platform grants its AI tool direct access to fund data and workflows, with potential applications across a swath of activities.

The proprietary tool enhances document search and drafting capabilities across fund formation, operations and related transactions.

Private equity firms may find that their extra security steps around distributing money to LPs are making these transactions less safe, says Todd Sorrel, co-founder and CEO at 6lock. Here’s how to defend the process from today’s threats.