As terrible as the Covid-19 crisis has been, it forced private equity players to accelerate their adoption of technology to replace previous practices. This will likely be the impetus needed for full implementation across the industry.
"In June 2020, the US Department of Labor issued guidance effectively opening the door for plan sponsors to add private equity funds to their 401(k) funds. While there are many viewpoints on the risks and rewards, the democratisation of private equity to the ‘Main Street’ investor will force industry participants to leverage digital platforms to accelerate data access and investment decisions.”
Daniel Schmidt, CEO & Managing Partner, CEPRES
Read the full interview with Dr. Daniel Schmidt & Christopher Godfrey in the Technology Innovations in Focus 2020 by Private Equity Wire. Read the full interview here.
