GP survey shows LP adoption of communication tools, as well as data security, are key drivers in the general trend toward more transparent, frequent investor communications.
Intralinks and PitchBook conducted a survey assessing the industry’s trend towards greater communication and transparency: what common ground has been established and what further issues need to be addressed. Here are a few key points:
- 82% of respondents—primarily deal execution professionals—spend at least 25% of their time communicating with investors
- 40% of respondents indicated their firm restricts access to file-sharing platforms like Dropbox
- Key concerns for respondents were timeliness and clarity, with 69% combined stating those two areas are their firm’s reporting could improve