DealCloud was featured in Real Deals in an article that recaps a recent webinar hosted by Real Deals and DealCloud titled Deal-making and Data: How Capital Markets Firms are Automating and Optimizing Data for the Future .
DealCloud’s client development director Mark Coronato led a discussion with leading GPs, LPs, and advisers to find out more about the varying strategies being deployed at today’s best private equity, investment banking, credit, and real estate firms. The panel of experts shared their insights into how private equity firms are automating and optimising data for the future and embedding tech-enabled systems into the day-to-day.
Panelist, Axel Wehtje, a partner at Park Square Capital, said private equity firms have always turned to data to support decision-making, but that it is only recently that firms have really begun to look at ways of making data easier to collect, access, and interpret.
Wehtje said that data used to be locked up in large, complex spreadsheets, but that firms have since recognised the value of using software and data analytics tools to make data easier understand and use. This has seen the use of data expand across all aspects of managing a private capital franchise.
“Using data is just making things much, much easier,” Wehtje said. “We started with portfolio monitoring and valuations, then we moved on to tracking fund performance and really trying to do it on a KPI driven basis, and using data for that.
“The way we do business and the way we diligence companies continues to be the same, but if we can make it more efficient and facilitate decision-making by using data, we’ll give ourselves an edge.”
As the pace of digitalization continues to accelerate across the capital markets industry, the panelists provided a unique and invaluable forum for sharing best practices, tips, and tricks, for making data more useful at capital markets firm.