It is difficult to name a sector that has not been affected by digitalization in
recent years. Substantial parts of the retail sector have made the move to the
internet, the music industry has had to reinvent its sales model, and banks and
insurance companies are having to compete increasingly with successful
“FinTechs” and “InsurTechs”. By contrast, the private capital industry1 has been
slow to embrace change. Somewhat ironically, the very capital providers whose
investments in Tech-Startups or Manufacturing “Industry 4.0” companies are
driving change in other sectors have hardly undertaken any steps to develop
their own business models. Now, it’s the turn for private capital investors to step
up to the challenge.
