Private capital funds in the U.S. will need to spend at least $3 billion over the next five years in order to meet the investor demands for increased transparency, according to new research from Intertrust Group, an administration services provider.
Globally, the London-based firm is estimating $5.5 billion will need to be spent by private capital funds. CFOs at private capital funds expect their LPs will require data updates with increasing frequency over the next decade, according to the new report, “The future private capital CFO: Evolving in a digital age.”
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