As the former Chief Architect at a leading private equity firm, Richard Change saw a gap in data standards, as well as limitations on how firms stored and tracked investment information. In 2012 he set out as co-founder to start PFA Solutions. The company now focuses on technology solutions for calculating GP carry allocations and tracking consolidated performance information across fund firms.
Richard joins this episode to talk about the ongoing gap in industry-wide data standards and how that creates challenges and opportunities. He also shares his observations about investor demand for insight and transparency into fund performance and how that trend is driving the adoption of technology. Richard also discusses the commoditization of IT and the impact of the Cloud. In addition, he notes some limitations on the use of Excel spreadsheets.
To learn more about Richard and his firm, please visit the website for PFA Solutions.
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