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ARTICLE · 14 DECEMBER 2022

A New Era Of Technology In The Private Markets

Foley & Lardner LLP
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The private markets are notorious for their outdated (or non-existent) technology stacks. However, a new era of innovation may finally unwind years of risk-avoidant behavior that has slowed technology adoption across the industry.

United StatesTechnology
Louis Lehot
Louis Lehot
Christopher Converse
Christopher Converse
Omar Lucia
Omar Lucia
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Thank you to guest author Brendan Marshall, CEO of Flow, for his contributions to this article.

The private markets are notorious for their outdated (or non-existent) technology stacks. However, a new era of innovation may finally unwind years of risk-avoidant behavior that has slowed technology adoption across the industry.

Today's Analogue Standard

Those who have experienced the back office of a venture capital (VC) or private equity (PE) firm would likely agree that, when it comes to technology, the private markets have been a standout laggard.

A recent report by Delio indicates that 74% of financial institutions feel technology "does not play a core role in delivering private market services," a figure difficult to fathom in nearly any other industry.

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