Tight market conditions in 2022 mean that GPs will look to cut costs and LPs to reduce expenses, placing additional pressure on service providers to meet client demands efficiently. Those happy with their service providers are likely to retain them, but with continued consolidation in each of the major service provider categories, fund managers will look to those best able to adapt and evolve.
The growing number of funds in markets presents opportunities for placement agents, auditors administrators, and legal teams, which will increasingly be required to facilitate key functions. While 2022 may not match 2021 in terms of the record fundraising, there will still be a great need to effectively tend to the needs of a new generation of clients, and those that can do this most effectively will rise above the rest.
Read our report to gain insights into what fund managers think of their service providers as well as accessing comprehensive league tables presenting details of those providing services across private capital and hedge funds. The report also includes expert commentary from a range of our partners on topics ranging from how GP-led secondary transactions are changing private funds and how to unlock value from data.