Leading managers embrace a new standard in contract negotiation
Troy Pospisil, CEO and founder of Ontra, charts the adoption of legal tech by blue chip private equity firms
In 2021, private equity set a blistering pace. According to Bain & Company, the industry saw a historic surge in dealmaking and exits, general partners had the second-best fundraising year in history, and PE fund returns outperformed every other asset class.
Despite these positive outcomes, explosive growth gave rise to an undesirable side effect — the proliferation of documents such as non-disclosure agreements, engagement letters, and non-reliance letters.
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