Using Technology for Timely Data Collection
A technology solution can create efficiencies and streamline processes in many industries. However, in the private markets, we are still seeing many LPs who have not adapted to leverage the power of technology. Instead, these LPs are faced with discordant systems. For example, LPs may use one system to store their portfolio’s cash flows. Another system may house the PDFs and other notices from GPs in a cluttered manner. Sometimes, LPs are just relying on spreadsheets and emails for important portfolio information.