Private equity firms are spending more budget and applying more focus on technology risk, especially cybersecurity risk, in order to maintain the highest operational standards both within their own businesses and those they invest in.
As George Ralph (pictured), Managing Director for RFA, a leading technology consulting group, explains, most PE firms tend to focus more on support service rather than the backend infrastructure, with risk management automation and compliance being two key aspects. Such is the level of diligence being applied by GPs to technology risk, hedge fund managers are increasingly turning to them for advice.
“Across our 830-odd clients, roughly 40 per cent are large PE houses,” confirms Ralph. “They are very focused on cybersecurity; more so than infrastructure. By contrast, hedge funds tend to focus more on infrastructure with less concern for cybersecurity. We look after the top three PE firms, globally, and as you can imagine a lot of managers speak to them for advice.”
RFA visits its private equity clients regularly to brief them on the latest technology developments.
“Our private equity clients genuinely treat us as a trusted partner. They…
