Data is vital for making informed investment decisions, especially within the private markets. Having access to this data can be incredibly challenging for investors. Continue reading to understand how technology can assist in unlocking operational efficiencies for private markets investors.
Challenges LPs Face with Data and Technology
When it comes to capturing private markets investment data, many LPs face the challenge of not knowing how to keep it organized and manageable. Oftentimes, the needed information is presented in unstructured PDF documents. Furthermore, LPs run into the issue of having to keep this data in complex Excel sheets. Without the right technology, this process is exposed to computing errors, cumbersome analysis and inefficient access issues. Not to mention the challenge of creating dynamic visualizations to make actionable insights.
This is where a versed technology solution can really help with private markets inefficiencies.
The manual process of investment monitoring can result in data inaccuracies which can significantly delay reporting. In fact, advisors are often tasked with having to take long hours parsing through client emails and portals to extract relevant data. So how can an investor transform these documents into actionable data?