Step by Step: Driving Better Decisions through Data

Private equity managers are increasingly turning to technology tools to make better investment decisions, even to source new deals or act on an exit strategy, explains Tim Toska, Group Sector Head, Private Equity at Alter Domus, in Preqin’s 2022 Q2 Private Equity Quarterly Report. But parsing mounds of data derived from disparate sources makes it difficult to know where the single source of truth is — and that can lead to costly mistakes.

The problem has been magnified by growing reporting demands and the pressures of the pandemic. As a result, more organizations have begun a transformational data journey, which takes time, planning, and making the process a priority. “This process is a journey for an organization, so it is important to have a plan and begin by implementing short-term solutions that will allow for long-term development. It is important for new managers to have the right focus on data technology from day one. There is no end date to technology implementation; it’s a critical area that requires continuous maintenance and development,” says Tim.

To learn more about data management processes and workflows — and how they can reveal the truth — download Toska’s interview below or by reading the article on Preqin's website here.