Article: The Long Goodbye: AI Is Giving Excel and PDFs the Send-Off They Deserve in the Private Markets

Private markets have long been associated with inefficiency—endless Excel spreadsheets and PDF reports that slowed down investment decisions—but today, data is becoming their main asset, and artificial intelligence is driving a profound transformation of the sector.

At the forefront of this shift is Mack Santora, Allvue’s Head of Artificial Intelligence, who has been spearheading innovations to address these challenges. Speaking to the AI Journal, Santora offered an in-depth look at how AI is transforming the private markets’ workflow. “To understand AI’s true potential, consider the daily rhythm of a private capital markets professional such as an associate, analyst, or operations lead navigating the fund lifecycle,” he explained.

Santora outlined the stark contrast between traditional processes and the AI-powered workflow. “Before AI: In the morning, you sift through a flood of prospective investor emails, manually entering subscription agreement details into your CRM. You reference multiple versions of Excel trackers, checking commitment amounts and investor status. Each capital call template must be customized, saved as a PDF, and sent manually. With AI: AI-powered document ingestion automatically scans and extracts key data from subscription agreements, wiring instructions, and KYC forms. It validates information against internal systems, instantly updating your CRM and generating personalized capital call notices, ready to send in minutes, not hours,” Santora highlighted.

To learn more about how AI is revolutionizing the private markets industry, read the full article prepared by Mack Santora for the AI Journal.