Private equity has been slow to embrace the use of artificial intelligence, but data is dominant and those that fail to leverage its power may be left behind
Technology continues to improve the speed and accuracy of private market fund administration, but the bespoke nature of alternative assets still requires that ultimate old-school tool: human capital.
A long-standing aversion toward using technology and automated processes to calculate carry and waterfalls is slowly dissipating, but the private funds industry has some way to go before adoption takes hold across the board.
From AI to automated waterfall processes, tech advances are slowly making inroads in the private funds industry.
Subscribing to a fund shouldn’t have to be a labor-intensive process for LPs when there’s technology to address the pain, say Eliot Hodges and Alin Bui of Anduin