Private equity “not convinced” by software

Software vendors are not convincing many private equity firms that their fund administration tools are worth it, research suggests.

Although outsourcing is a rising trend in private equity operations, a total of 46% of firms in a survey still relied on Excel for their portfolio monitoring.

Also, 44% of those that did not use third-party software said they saw no immediate need to.

Chris Ferguson, chief executive of Preqin Solutions, the firm that commissioned the survey, said: “Software providers will have to work hard to convince these managers of the benefits of their platforms if we are to see the industry shift further from Excel.”

Preqin global survey of 188 firms did show that  a quarter of firms use a third-party portfolio monitoring platform, while 14% use a custom in-house system.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST