AI

AI is well on its way to reshaping how LPs evaluate PE funds, but as the technology becomes increasingly widespread, it’s data quality and human judgment that are emerging as key factors.

The technology can give lower mid-market companies the powers of their much larger competitors, says MiddleGround Capital’s founding and managing partner John Stewart.

A hands-on approach to AI implementation is the best way for GPs to unlock value from the technology, say KPMG’s James Gardner, Paul Pan and Andrew Vogel.

Deal-level benchmarks are transforming private market analysis, unlocking significant benefits for LPs, GPs and service providers, says StepStone Group partner and chief technology officer Tyler Johnson.

Structural changes and the rise of artificial intelligence have created a more intricate secondaries framework, says Thomas Roche Toussaint, head of PE secondaries and co-investments at UBS Asset Management.

Being able to offer scale and draw on cross-asset class relationships is vital in the fast-growing secondaries market, say Pantheon’s Andrea Echberg, Rakesh Jain and Amyn Hassanally.

While a handful of pan-Asian mega-funds are soaking up the majority of LP interest, some argue that local mid-market champions are most likely to deliver outsized returns for investors in Asia-Pacific.