Report Finds 89% of Alts General Partners Use Artificial Intelligence

Investment data management solutions firm Dasseti, in partnership with another alternative investments news publication, recently published a research report showcasing general partners, or GPs, in the alts industry and their viewpoints on artificial intelligence.

According to the report, GPs Look for Help Navigating GenAI Boom, 89% of GPs have utilized Generative AI, or GenAI, tools in their workflow over the past year, and 84% plan to continue using GenAI in the next 12 months.

Generative AI is a technology that uses machine learning to create new content, such as text, images or videos. Popular examples are ChatGPT and Google Gemini. The results of the report displayed strong optimism for AI-driven efficiency. Sixty-eight percent of GPs said they plan to apply GenAI to investor reporting over the next 12 months, while 42% ranked investment processes as the area expected to be the most useful in relation to GenAI.

Along these lines, wealth management leader LPL Financial LLC recently launched its AI Advisor Solutions program designed to leverage data to deliver customized client experiences and help advisers become more efficient. The program currently consists of four vendors designed to assist advisers and institutions with areas such as task management, content generation, social media and research, to name a few.

As recently explored by a guest contributor to The DI Wire, AI may also come with significant risks. This was further reflected in the report as 79% of GPs stated concerns over data reliability and 63% cited risks related to security. Of those surveyed, 83% expressed the desire for more industry-specific case studies, highlighting the demand for more practical insights.

At 37%, investment relations/business development professionals were the most represented group among those who participated in the survey. A wide range of asset classes were represented from private credit firms (42% of respondents) to real estate (32%), and private equity (26%).

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