Predictable recurring revenue streams, sticky products, a growing industry… in addition to the valuable services they provide, private capital software and data vendors also represent a compelling investment opportunity.
An LP's Fiduciary Duty?
In a ‘buyers’ market’ fundraising environment, the onus tends to fall on fund managers to adapt and prepare for a demanding and extended process. But what about LPs? After all, almost all LPs have a fiduciary responsibility to their stakeholders to engage in a best-practice fund sourcing process. As the ratio of available funds to planned commitments gets ever-larger, LPs must also consider how their processes must evolve if they are to retain confidence in their ability to select the best funds.