Report: Powering the Platform - How GPs are Investing in Their Own Infrastructure
- Quadsight
- 6 days ago
- 1 min read
A $13 trillion industry can’t run on yesterday’s tools. The private markets have grown - now it’s time the tech stack caught up.
This new report from Quadsight Partners shows where capital is flowing, who’s backing the new operating backbone, and how GPs are funding the next great private capital tech companies across the back, middle and front office - from deal management solutions to LP portals to retail investment platforms.
Key findings:
Funding grew ~30% annually since 2007, with a notable shift toward larger growth rounds as of late
Top 5 firms captured 45% of late-stage capital—signaling consolidation around distribution and operational platform plays
Only 24% of firms market AI features – leaving significant opportunity for capability expansion
Capital is concentrating in alt-investment platforms, fund ops suites, and private credit infrastructure
The big story is that GPs aren't just buying software anymore - they're investing in and co-building the infrastructure they'll run on as the industry scales past the next $13 trillion in AUM.
