Bite Investments has released a report in association with Mergermarket concluding that enhanced data access and operational efficiencies are the main drivers for digitalisation among investment firms.
The report, titled “The Tech’s Factor: The digitalisation of private markets in 2022 and beyond” reveals how digitalisation is shaping the private capital industry and how fund managers are adopting to tech, for what purposes and how the size of a firm can be a determining factor in speed, success, and satisfaction.
The report surveyed US senior executives from middle market, boutique funds, and asset managers on the topic of digitalisation of the private markets. The research revealed that it is crucial to be ahead of the game when it comes to digital adoption. Some 90 per cent of firms with AUM of more than $1 billion agree that keeping ahead of the game in regard to technological capabilities at their organisation is a top priority.