KPMG partners James Gardner, Paul Pan, and Andrew Vogel argue that a hands-on approach is essential for General Partners to unlock value from AI. Gardner notes a transition from the hype and experimentation phase into an operational execution phase. Over the past 12-18 months, AI capabilities have shifted from theoretical discussions to practical deployment.

The trio identifies three distinct shifts shaping private equity adoption. They emphasize that success requires moving beyond pilot projects to integrate AI into core workflows. This involves addressing data quality, building internal talent, and aligning technology with specific investment theses.

KPMG suggests that GPs who operationalize AI effectively will gain a competitive edge in deal sourcing, due diligence, and portfolio company management. The article, sponsored by KPMG, serves as a guide for navigating the transition from theory to tangible results in the current market landscape.