Private markets are beset by challenging data and operational complexities. Even smaller managers often wrestle with bespoke silos of teams, asset classes, and specialized technology. All the while, firms demand rapid investor growth, at the same time running bespoke investment strategies.

Heads of technology and operations in these managers face dizzying choices in the technology they buy, the technology they keep, and the technology they require. “Buy versus build” remains at the top of the technology agenda to cope with this situation.