The attraction for private equity as an alternative asset class is as strong as perhaps it has ever been. As the results of a recent E&Y survey reveal (Positioning to win: 2015 global private equity survey), 19 per cent of investors said they currently allocate up to 5 per cent of capital to private equity, but 39 per cent said they allocate more than 25 per cent.
This is encouraging news for private equity managers, but with it comes extra responsibility as investors and regulators alike ramp up their due diligence. Indeed whereas only 28 per cent of managers said they had been the subject of an SEC examination in 2013, that number had risen to 41 per cent in 2014. Most likely, the figure will be higher still for 2015.
As such, PE managers are focusing more attention on their compliance and operational frameworks to move into closer alignment with today’s global expectations. And as they increasingly adopt new technologies to improve business efficiency, so does the threat level from cyber attacks.
PE groups are in a unique position when it comes to maintaining a secure cyber programme because not only must they concentrate on ensuring that their own business operations are protected, they must also proactively monitor the security of their underlying portfolio companies. That is no easy challenge, especially with respect to data management. For the full article click here
from cyber security caucus http://ift.tt/1VV0qFt
via IFTTT
No comments:
Post a Comment