The platform is designed to speed up the analysis of large volumes of data, enabling its private equity (PE) investment specialists to focus on delivering value through strategic investment activity, according to a statement by the firm.
It follows in-house testing and builds on the technology evolution across the Schroders Group, a specialist private markets business with $94bn of assets under management, which has been actively deploying generative AI across the business for a substantial period.
“This proprietary platform will elevate our investment analysis to a new level, enabling our team to make faster and even more informed investment decisions and to focus on higher-value activities,” said Nils Rode, chief investment officer at Schroders Capital
Schroders Capital’s PE specialists can now automatically screen extensive volumes of data, accelerate due diligence processes and generate a significant portion of draft investment summaries in significantly less time.
By handling the lifting of data analysis, GAiiA, which always has continual and extensive human oversight and control, can enable Schroders Capital’s investment professionals to analyse more investments, allowing them to reallocate more of their time on adding value through direct interactions and strategic decisions with target and existing investments.
GAiiA is currently being used by Schroders Capital’s PE team for private equity direct/co-investments. It has plans to expand its use to private equity primaries and secondaries in the future and to other private market asset classes within Schroders Capital where appropriate.
Leveraging the latest GPT (Generative pre-trained transformer) models, Schroders’ internal-only AI assistant, Genie, is now used by over 1,000 staff across the firm each day.
More broadly, Schroders has identified and is working on a substantial number of potential AI use-cases across the business, such as translations, as well as helping its specialists better understand clients’ behaviours and investment patterns.
“Schroders envisions a future where AI tools become an integral part of the investment process. The implementation of GAiiA is a significant step towards this vision. We are committed to driving innovation and embracing technology to deliver exceptional value to our clients across asset classes,” said Graham Taylor, head of private assets data insights at Schroders Capital.
