Vista Equity Partners, the private equity giant that's known for its tech investing, doesn't want its analysts using generative AI for due diligence.
"And we do want our humans to actually go and read the stuff that's important that's going to make billion-dollar decisions in the diligence side."
Other private equity firms, like the Swedish giant EQT, have introduced generative AI to the due diligence process, BI previously reported.
Vista Equity Partners, which is in the business of buying companies, improving them, and selling them for a profit, employs people whose sole job is to transform operations of portfolio companies and help them scale, Saroya said.
He added that the firm created a reference guide for its portfolio companies, including the data, cloud, and other software providers needed to be successful, and partnered with those companies for the portfolio companies to use, where appropriate.
Persons:
that's, Monti, Saroya, That's
Organizations:
Vista Equity Partners, doesn't, Milken Institute Global, Flagship Fund, PE, underwriters
Locations:
Asia