Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets
00:37:40 · Michael Sidgmore, Venkat Subramaniam
[00:37:40] S1: So it's easier. What's interesting about that too is I think private markets is undergoing such a technological transformation, and the industry feels, certainly right now, that it's moving so fast. Need to get into the wealth channel. These businesses, as asset managers, are evolving so rapidly. There's more players in private markets. There's new product creation around Evergreens, etcetera. Do you think that we're gonna just see really rapid transformation of private market software, or do you think it's kind of slow, slow, slow, and then all of a sudden it's gonna speed up at some point in the future? [00:38:13] S2: I think there'll be a a rapid one happening in the next five to ten years. I think that's pretty obvious to us now. A lot of the hard work has happened in the last three, four, five years. I think we are seeing there'll be a much faster transition happening over the next five to ten years. We are very excited about what's coming in the next ten years. And ten years is a right horizon to look at. But even in the next three to five years, things are changing very rapidly. Well, you're gonna be a big part [00:38:39] S1: of that change. Everything you're building, I think, so important to think about how do you actually make the processes more efficient. And like you said, it really ties into everything that a firm does. That's so important. It's such
00:38:39 · Michael Sidgmore, Venkat Subramaniam
[00:38:39] S1: of that change. Everything you're building, I think, so important to think about how do you actually make the processes more efficient. And like you said, it really ties into everything that a firm does. That's so important. It's such [00:38:51] S2: an important part. There's only two things. If you break down the private markets business, there's investors, and then there's assets. And we we want to be at the heart of what those assets are and what they actually own. And we are very excited about the process. And and the industry is also very much buying into the digital transformation age, which makes it even more exciting for us. [00:39:11] S1: So we are moving from the stone age to the digital age. I love it. Well, thanks so much for coming on the show, Venkat. [00:39:16] S2: Thank you, Michael. Thanks. Great to have you. [00:39:20] S1: Thanks for listening to this episode of Alt Goes Mainstream. I hope you enjoyed it. You can read more about Alt at my Substack, altgoesmainstream.substack.com. Thanks a lot, and have a great day.