MUFG’s Mike Dickey on steadying the partnership (Part 1 of 2)

Alice Murray talks to Mike Dickey, head of product at MUFG Investor Services, about how GPs are managing their third party relationships, focusing on increased oversight efforts

As we enter the sixth month of continued lockdown restrictions, the longer-lasting effects of the pandemic are starting to be felt.

One notable impact on private equity firms has been the acknowledgement of needing strong partners. Prior to the pandemic, there was a lingering sense of ambivalence around outsourcing: should everything be kept in house? What functions suit being outsourced? How much control or access should third parties have?

Now, sentiment has shifted rapidly, with PE firms needing to focus their time and attention on existing investments and on communicating effectively and consistently with LPs.  Working with trusted partners when it comes to non-core functions is a no brainer.

So with the outsourcing debate seemingly slipping away, how can operational leaders make sure they’re getting the best out of their partners?