Tech & Evolving World of Alternative Asset Management!

Alternative asset manager  be it a Private equity manager or a hedge fund manager or say a Family Office manager ,  has needs which are different from the software solutions currently available on the market. Where alternative asset manager needs a 360 view of his portfolio, his functionaries for example the accountant  has a more pointed problems at hand  he is only interested in tracking  the cash flows,  assigning costs to individual transactions etc which is limited to an area of the business accounts. The software solutions deal with just specific aspect of the business or are "point solutions". This leads to a huge gap between what is needed and what is available for the alternative asset managers today. An asset manager is managing different assets under his fund and has varied needs of data. A complex asset manager like a Blackstone or Carlyle of today would be managing a Private equity fund, a Credit fund, Real Estate Fund, a Distressed ...

Alternative Asset Managers have many challenges today. Alternative Asset Management market is not the same anymore as what it used to be say 2 decades back. Everything around us have changed drastically, but unfortunately and for a strange reason the tools and software are the same which were created then. The reason to this is that the software created then had huge costs and are still in the process of recovering the cost of creation, also these solutions have pretty high cost of installation, management, and maintenance. This makes it almost impossible for the startup and mid-market asset managers to even think of these as they have just started and have only limited funds to manage their show. So technology is the last thing on the minds of these mid-market private equity managers to invest in. Even for the big asset managers the problems with technology are many. The solutions which they are using or are currently available in the market are mostly point solutions and there i...

Alternative Asset Management industry is in for a disruption now, tech adoption has been poor as compared to other industries like Media, Commerce etc where they have seen a major difference in the way the industry used to operate. We are either stuck with those complex ERP solutions designed way back in late 90's and early 2000's or just don't have any solutions other than relying on the spreed sheets. The Tech solutions which were conceptualized 2 decades back are  mostly point solutions and have a huge cost associated with that technology. So where the large Asset Managers despite their investments cannot have the holistic view of their business the startup managers and the mid-market Asset Managers cannot even think of such a technology because of the huge investments required. Watch Founder and CEO of On Pepper, Mr. Pulak Sinha talk about it and the reason to why we exist!