Acquiring technology and appropriately resourcing the tools needed to operate a modern limited partner organization is a significant challenge in today’s increasingly virtual and data-dependent world. In order to maintain complex investment portfolios and effectively manage relationships with general partners around the globe, LPs need to have confidence in their technology solutions.
ILPA is developing resources LPs can rely upon to better understand the technology options available to them and is convening industry stakeholders to share best practices. As part of the LP Technology Program, ILPA will also release a suite of practical tools that will help LPs more confidently define and act on their technology needs.
As part of ILPA’s Industry Intelligence Series, ILPA conducted a survey of over 340 members to capture the state of technology usage and areas of common challenge or opportunity. The goal of the survey is to help ILPA members derive greater benefit from their existing resources and to help as they identify future requirements.
Some key highlights from the LP Technology survey have been made publicly available. These key findings reveal that LPs have had varying levels of success finding the right solutions to meet their complex technological needs. The insights gleaned from this survey should be of interest to anyone involved in the design and implementation of technology serving the private markets industry.