How can AI play a role in mitigating the cost impact of the new SEC rules changes on the Private Equity Industry?
Richard Robinson, CEO and Founder at Robin AI wrote an article in the FT Adviser that outlined how the new SEC rules changes will impact the Private Equity industry. It is likely that the rules changes will significantly increase the compliance and administration burden for private funds, which will result in increased costs. The industry has historically spent huge sums on external legal counsel to manage key documentation like side letters. As a result of some of the recent SEC rules changes, we're likely to see more Private Equity firms looking for routes to leverage AI to better manage side letters, the MFN election process and other administration heavy tasks. Lots of global private equity firms use Robin AI's software to manage side letters and other key documents, reducing the cost of external counsel, and making sure that processes are tech-forward and automated. They can also use Robin AI's software to find information buried in side letters, with Robin AI's powerful search functionality.