INTERVIEW AI Adoption in Private Equity
Richard Lichtenstein, Expert Partner and Chief Private Equity Data Officer at Bain & Company, shares his insights on AI adoption in PE and financial services. In this interview, he discusses the current state of AI implementation, challenges, and future prospects in the industry.
This interview has been edited for clarity and length.
What’s the state of AI adoption in PE?
There’s a lot of excitement. PE funds are eager to adopt AI to improve efficiency, enhance customer engagement, and increase profitability for their portfolio companies. This is the type of technology that people are always excited about.
Today, what I hear from PE is: "We're really excited about this. We think this has a lot of promise." Some have seen success in one or two portfolio companies, which have implemented promising AI initiatives. There's another chunk of companies doing stuff that seems cool, but they don't know yet whether it's going to work, or they hope it'll work, …
