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Alternative Market Briefing

Investors seek out tech enabled GPs

Friday, April 01, 2022

Bailey McCann, Opalesque New York:

Investors say they are more likely to consider allocating to a fund if the fund manager had a tech-enabled partner to outsource their middle and back-office activities to, according to new data from Brackendale Consulting and AssetMetrix.

Investors included in the survey come from across Europe, North America, and Asia. They comprise a mix of pension funds, insurance companies, family offices, and fund-of-funds from our extensive contact network.

The ever increasing amount of data and reporting that LPs are collecting on investments means more requests into fund managers for information. However, only 17% of LPs receive responses to ad-hoc requests within a day from their GPs, most taking longer due to manual processes and the struggle to handle, analyze and emit data. The average time to respond was between two days and one week, according to the report.

Fund managers that improve their reporting technology and can respond faster are likely to have an edge over those that don't.

The report notes that investors face the most challenges when collecting data relating to ESG metrics and co-investment specific reporting.

LPs not only want to see data they want it presented in a format that makes it easy to compare with data they are receiving from other funds. Other aspects stated as useful include access to customized reporting portals at all times of the day and access to a single point of information for all releva......................

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