RCS - SS&C Technologies - SS&C Unveils Inaugural Emerging Managers Survey

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RNS Number : 0873R  SS&C Technologies Hldgs Inc  24 October 2023

SS&C Unveils Insights from Inaugural Emerging Managers Survey, Revealing
Shifting Investment Priorities for 2024

LPs look to boost allocations in private debt and equity while emerging
managers embrace technology

 

WINDSOR, CT, October 24, 2023 (PR NEWSWIRE) - SS&C Technologies Holdings,
Inc.
(https://www.ssctech.com/?utm_campaign=SSC2023-Enterprise-Press-Release-1023&utm_medium=pressrelease&utm_source=prnews&utm_content=Emerging-Managers-Deliver-2023)
(Nasdaq: SSNC) today revealed insights from its first annual Emerging
Managers report. Produced in association with Private Equity Wire, the survey*
of 143 market participants found LPs are planning to increase their allocation
to private debt and private equity over the next 12 months. Emerging managers,
faced with fundraising challenges, are focusing on enhancing their operational
technology to meet LPs' transparency and reporting demands.

"Despite a persistently difficult environment for fundraising, more than
two-thirds of GPs and LPs we surveyed are invested with emerging managers and
continue to see opportunities in the segment," said Bhagesh Malde, Head of
SS&C GlobeOp. "To enhance their visibility, emerging managers are turning
to technology, leveraging artificial intelligence to automate tasks and
alleviate operational burdens within their teams."

The most important factors influencing LP allocation to emerging managers
include team expertise, transparency/reporting quality, and alignment with LP
philosophy. At the same time, due diligence constraints and compliance
concerns are cited as significant obstacles. Other key findings include:

 

·      LPs seeking higher alpha (88%) and unique investment strategies
(70%) from their investments with emerging managers, with 65% favoring private
market strategies.

·      More than half of emerging managers surveyed highlight time and
resource constraints, with nearly 70% saying their operational infrastructure
would benefit from an upgrade.

·      Emerging managers are investing in technology to achieve
efficiency and reduce manual work (69%), while a third (27%) see technology as
a way to achieve cost savings.

·      Sixty percent of GPs are considering using artificial
intelligence to drive efficiency gains. About 20% of the managers surveyed are
already piloting AI in their tech stack.

 

Click here
(https://www.ssctech.com/resources/form/embracing-the-new-decoding-lps-perspectives-on-emerging-managers-report-2023?utm_campaign=%20SSC2023-Enterprise-Press-Release-1023&utm_medium=pressrelease&utm_source=prnews&utm_content=Emerging-Managers-Deliver-2023)
to read the full report.

Learn more about SS&C's solution for emerging managers here
(https://www.ssctech.com/industry/private-markets/emerging-funds?utm_campaign=%20SSC2023-Enterprise-Press-Release-1023&utm_medium=pressrelease&utm_source=prnews&utm_content=Emerging-Managers-Deliver-2023)
.

 

 

 

*Responses were collected from 80 LPs and 63 GPs in July/August 2023.

 

 

About SS&C Technologies

SS&C is a global provider of services and software for the financial
services and healthcare industries. Founded in 1986, SS&C is headquartered
in Windsor, Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's largest
companies to small and mid-market firms, rely on SS&C for expertise, scale
and technology.

Additional information about

SS&C (Nasdaq: SSNC) is available at www.ssctech.com
(file:///C:/Users/JMOLGANO/Documents/Press%20Releases/www.ssctech.com) .

 

Follow SS&C on Twitter (http://twitter.com/ssctechnologies) , LinkedIn
(http://www.linkedin.com/companies/ss-c-technologies) and Facebook
(http://www.facebook.com/pages/SSC-Technologies-Inc/191750415876) .

For more information

Brian Schell | Chief

Financial Officer, SS&C

Technologies

Tel: +1-816-642-0915 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Justine Stone | Investor

Relations, SS&C Technologies

Tel: +1- 212-367-4705 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

Media Contacts

Emma Lowrey

PAN Communications

Tel: (617) 502-4300

E-mail: ssc@pancomm.com (mailto:ssc@pancomm.com)

 

 

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