Featuring some of the winners at the Private Equity Wire European Awards 2020, this report looks at how the private equity industry remains in a favourable position to weather the Covid-19 storm…
The 'European Service Provider Insights 2020' special report comprises nine separate articles listed below, these can be read individually or as a sequence.
By A Paris – Starting the year with record levels of cash, the private equity industry was, arguably, in a favourable position to weather the storm caused by the Covid-19 pandemic which threw the world into chaos in March 2020. Due to its inherent long-term characteristics and patient capital, private equity is arguably better placed than other sectors to weather the pandemic. But despite this, all areas are being impacted in one way or the other, from valuations and fundraising to cashflow and operational threats, private equity managers are run off their feet, trying to keep up and adapt in an effort to come out of the crisis still whole.
SS&C Intralinks: Best Secure Workflow Management Provider – Investors’ demands have grown exponentially in the past few years, with requests for more transparency, data and standardisation – combined with a focus on reducing fees. These operational requirements have become increasingly burdensome for GPs and create pressure that drives the need for efficiency.
Centaur Fund Services: Best Fund Administrator <USD30 billion – Although the private equity industry’s resilience is being tested by the Covid-19 crisis, the outlook is not gloomy on all fronts. Market volatility can lead to losses, but it also has the potential to provide opportunities.
CEPRES: Best Data Management Solutions Provider – The private equity industry is expected to undergo significant changes across its investment processes. This is due to occur both in response to the current crisis and also bearing in mind the broader fundamental shift in capital and returns and systematic risk prior to this global calamity.
DFIN: Best Risk Management Software Provider – Technology is having a strong influence on the way deals are executed the private equity space. Developments in software as a service (SaaS) are also having an impact on the effective efficiencies around deal execution. Known for creating efficiencies and streamlining processes in many industries, technology is supporting PE firms to create a competitive advantage in what is often a crowded market.
Citco: Best Fund Administrator >USD30 billion – The value of data and digitisation are coming to the fore within the private equity industry. Finding operational efficiency is high on managers’ agendas and making full use of the valuable data they have is key to further development in the space.
Jensen Partners: Best Investor Relations & Asset Raising Recruitment Company – The increased interest in ESG and impact investing is creating diverse hiring and marketing needs among general partners. As this trend continues to gain traction, it creates opportunity and challenges for the professionals building investment teams and those looking to market this new crop of strategies.
Bower Talent: Best Operations & Finance Recruitment Company – The private equity industry values the important role support and operations staff play in a business. And although the COVID-19 crisis is throwing everyone off balance, it has brought two major trends into the foreground – digital and flexible working.
SS&C Advent: Best Portfolio Management Software Provider – As more institutional investors look to invest in private equity, transparency and timeliness of information from general partners (GPs) becomes more crucial. Consequently, GPs need to deliver an improved online experience for investors.