Oxane Partners, a leading technology-driven solutions provider to the alternative investments industry, today released its special report ‘Covid-19 and the Private Markets’. Based on a market survey of 120+ senior professionals, the special report reveals that Private investment firms are following a ‘pause and prepare’ approach – pausing new investment activity and getting better prepared for the future – according to a new report from Oxane Partners.
Covid-19 and the Private Markets, which is based on a market survey of 120-plus senior professionals, explores the extent of disruption, top priorities of investment firms, change in investment outlook and emerging themes across private market asset classes. The market survey, targeted at investment professionals across the UK, Europe and the US, found that one in three respondents highlighted prioritising the adoption of a portfolio management solution and mobile technologies as they prepare to build out their capabilities in the new world order.
“The Covid-19 pandemic has caused significant disruption in private markets across the globe. Operating within the constraints of remote working, investment firms became more aware of the operational gaps in their investment workflows and the need to be agile by leveraging cloud, mobile and digital workflows. It became evident that having an investment management technology in-place was the key difference on whether you are being affected or being disrupted by the pandemic,” says Kanav Kalia, Director at Oxane Partners.
The survey also revealed that 50 per cent of the respondents have highlighted that the pandemic led to a considerable reprioritisation of investment management technology plans. From an economic recovery point of view, just 4 per cent expect a strong V-shaped recovery while the rest maintain a slow recovery with a macro outlook of a recession or a global depression.
“We expect that as a fallout of the Covid-19 pandemic, a new wave of digitalisation will accelerate across the private markets. As investment firms prepare for a post Covid-19 world, on-the-go and always-on access to data, systems and collaborative tools will become more mainstream to ensure smoother investment operations. As we deal with this unprecedented level of uncertainty, we stand committed to helping our clients navigate through these turbulent times,” says Vishal Soni, co-founding partner at Oxane Partners.”