德勤：2025年挖掘超额收益：构建以技术与数据为核心的私募市场韧性及价值创造战略研究报告（英文版）

US private market participants—including venture capital, private credit, real estate, and infrastructure managers—are undergoing a profound technology transformation. 2 Executive summary The shift from fragmented, spreadsheet-based workflows to unified, intelligent technology infrastructures is central to fostering private market growth, enhancing investor confidence, and preparing for an artificial intelligence (AI)-driven future. Strategic investments in next-generation investor por