The AI Pathfinder Breakfast Briefing, hosted in partnership with Prism by Palladium brought together industry leaders, innovators, and Private Equity professionals, the event delivered actionable insights into how AI is transforming deal processes, enhancing productivity, and driving competitive advantage in Private Equity.
Attendees had the opportunity to hear from Rich Klee, Senior Director at Palladium Digital, alongside Palladium CEO James Prebble and Prism Business Development Director Edward Sanders, who shared their expertise on leveraging AI to optimise workflows and uncover high-value opportunities.The discussions focused on practical strategies for maximising the value of integrating AI into Private Equity processes.
1. Evaluating AI Solutions: Attendees learned a simple framework for identifying AI augmentation opportunities by breaking down tasks across:
› Search: Use retrieval-augmented generation (RAG) to improve factuality and relevance by connecting data and document stores, while ensuring full citations.
› Summarisation: Condense large volumes of data into essential elements while managing limited context windows.
› Synthesis: Combine search and summarisation outputs to create new, actionable insights.
Example Workflow:
Transforming a CIM into a draft discussion paper:
1. Summarise the CIM and extract key data.
2. Search for similar deals and market context.
3. Synthesise findings into a draft discussion paper in your house style.
2. Bring AI Out of the Shadows
The importance of explicitly defining a policy and plan for GenAI usage was a key focus:
› Mitigate Shadow AI Risks: Without clear guidelines, unofficial 'shadow' usage by individual employees of non-private AI can create privacy risks.
› Frame AI as Augmented Intelligence: Position AI as a tool to enhance human capabilities, addressing concerns about job security and personal value.
› Establish Clear Guidelines: Define expectations for citation practices and appropriate usage to ensure responsible AI adoption.
3. AI Theatre vs. Reality:
The event addressed the hype surrounding AI and focused on what it can truly deliver today:
› Overcoming ‘red flag’ overpromises and cutting through the noise to find actionable and practical applications.
› Understanding AI’s current capabilities: augmented intelligence and research capabilities.
› Leveraging AI for flexible business process automation (BPA) to streamline workflows and enhance productivity.
Curious about how Prism can transform your deal processes and boost your team’s productivity? Book a demo today to see Prism in action and discover how it can help your team focus on high-value tasks, streamline workflows, and achieve better investment outcomes.
At Prism, we are a team of innovators, problem-solvers, and industry experts dedicated to transforming the way private equity firms operate. Our mission is to empower deal teams with cutting-edge AI solutions that streamline workflows, enhance decision-making, and unlock new levels of efficiency.
Transforming Efficiency and Investment Returns
At Hanover, AI (Prism) plays a pivotal role in enabling the team to focus on high-value tasks that directly impact investment returns. By automating the first 80% of the process to reach a finished product, AI delivers:
› Significant time savings
› Increased deal review capacity
› Enhanced quality during the review process
This allows the team to evaluate more opportunities while maintaining a sharper focus on identifying the best investments.
Empowering Junior Team Members
AI has redefined the roles of junior employees, moving them away from being "output machines" and into positions where they can:
› Think critically and strategically
› Focus on output quality
› Contribute to identifying investment opportunities
This shift not only enhances team collaboration but also accelerates professional growth for junior team members.
Achieving Strategic Goals
AI has been instrumental in helping Hanover achieve a key strategic objective:
› Increasing investment returns by expanding the team’s capacity to review deals without increasing headcount.
› Driving up deal quality by reducing barriers to evaluation and enabling a more thorough review process.
By leveraging AI, Hanover has created a more efficient, productive, and strategically focused team, ensuring long-term success in a competitive market.
Book a demo today to see Prism in action and discover how it can help your team focus on high-value tasks, streamline workflows, and achieve better investment outcomes.
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