Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
Private equity (PE) firms plan to “double down” on internal technology and expand their focus on sustainable investing and gender and minority diversity, according to Ernst & Young’s “2021 Global Private Equity Survey.”
The report which interviewed managers from 127 private equity firms and 72 institutional investors representing some $1.8 trillion in assets under management (AUM) found that when the COVID-19 pandemic hit hard and fast, private equity firms were able to transition to remote working relatively easily because they had already revamped their operating models and modernized their information technology (IT) infrastructures.