New pressures come to light

At the same time, it’s become apparent that today’s more risk-averse environment is putting more pressure on emerging managers to partner with the right service providers. LPs are making a number of unparalleled demands and greater reporting is one of them. In particular, they want real-time access to accurate, timely information.

This administrative burden is a distraction for emerging managers already saddled with market constraints. A partner allows them to focus on the mission-critical tasks of raising, investing, and growing capital without taking on the back- and middle-office responsibilities. Automation, accuracy and transparency have never been more critical.

Implementing technology in private markets should be table stakes now, to handle not only the increasing volume of data but also the growing complexity of the fund structures. Greater competition is also a forcing factor driving next-generation technology to fill a critical role in the fund administration process for emerging managers.

Not only are LPs in the driver’s seat when it comes to capital raising and negotiating terms, but they are also driving trends in fund operations. See what both emerging managers and LPs are prioritizing and how they view today’s private equity landscaping by reading the full report.