Private equity firms are always looking for ways to maximize their returns on their investments. Turns out data science is the newfound weapon in the hands of the firms to maximize their returns. Data science has been a buzzword in the industry for some time now. What’s new, it is now used in private equity as well. Investment banks and hedge funds have been using data science to propel their business. Now private equity funds have turned to data science to win deals and help them manage portfolio companies post-purchase. Among the U.S. top private equity firms, Blackstone is leading the way in using data science to further its private equity business. According to Lionel Assent, Head of European Private Equity at Blackstone, the fund now has 14 data analytics professionals, grown from zero to five, in the last five years. The emphasis on data science to generate more business is increasing among private equity firms. A few deals demonstrate the application of data science The fund bought Packers Sanitation Services Inc., an American company, in 2018. Blackstone’s analytics team collected thousands of pieces of data on the company’s potential clients. The data helped the management team ...
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