Richard Change on Technology Solutions for Efficient Firm Management
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.\xa0 In 2012 he set out as co-founder to start PFA Solutions.\xa0 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.\xa0 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.\xa0 Richard also discusses the commoditization of IT and the impact of the Cloud.\xa0 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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