The private equity business is booming, according to a recent survey by the Harvard Business Review. The Harvard survey found that private equity funds outperformed public equity markets over the last three decades, and that private equity investors anticipate improving the performance of the companies in which they invest with more emphasis on accelerating growth rather than reducing costs.
One private equity firm benefiting from such a track record is Kelso & Company, a New York-based firm who has been investing in North American private equity for more than 30 years. Kelso has raised a total of eight private equity funds with commitments in excess of $9.8 billion. During that time, the Kelso funds have made over 110 investments, including more than 90 which have been exited.
Despite its growth and success, Kelso knows all too well that the private equity business is built on rapid interactions and fierce competition. The gravity of these decisions is only heightened by events such as the devastation of Hurricane Sandy across the East Coast several years ago.
The issue of data storage and disaster recovery is further elevated by the Dodd-Frank Act, which requires private equity firms to protect their data against all events that might put this data at risk, making data recovery services an essential aspect.
The need for data management and analysis is vital to both firms and investors, and there has been a significant increase in the implementation of new technology that increases both collaboration and the flow of important information into and out of the organization. Kelso’s own success can be attributed in part to its wise use of information technology to gain a competitive edge.
With a goal of faster recovery and greater resilience, Kelso selected Sungard Availability Services to help ensure faster recovery and compliance with new financial regulations. Indeed, it combines data recovery services and data protection in a single solution.
Leveraging Sungard Availability Services’ Recover2Cloud solutions and Workgroup Recovery, Kelso was able to make a dramatic reduction in data recovery times (with a 4-hour service level guarantee), plus, it expanded resiliency in day-to-day operations. Not to mention, the company was able to achieve real-time visibility into maintenance of recovery point objectives with enhanced reporting and stakeholder assurance.
Read our newest customer case study to learn how Kelso & Company implemented a resilient IT strategy to ensure maximum investor return.