The Great LP Technology Reset: GPs Ignore at Your Own Risk
By Ken Akoundi
“Ignoring facts does not make them go away.”
— Fran Tarkenton
What’s happening?
Technologically speaking, something has happened in the last few years. The long-term investor community has gone through a shift: they are upgrading their investment office technology out of the 1990s into the 2010s. What does this mean for asset managers and service providers? This paper focuses on the changes and the way it has and will continue to affect their interaction with their investors (LPs).
The process of seeking a long-term investor’s (LTI) capital, especially for private investments, is an archaic and non-transparent process that has not seen much change over the last 20 years. Before one can understand the way it will be affected by the new changing technology, one has to understand the type of information that is exchanged. This table lists all the different document types that are passed along, with the phase of investment they apply to. The phases are broken down into pre- and post-allocation and post redemption.
