This means that when our clients report to us, they can align themselves to multiple different frameworks and regulatory requirements in one place. Moreover, this means that those who have taken the leading initiative can use our service to send these reports to their LPs and head off all of these multiple requests, by reporting in a way that is aligned across multiple different facets.
The trend in both private and public markets is that the SFDR regulation will set a benchmark that other regulators are also following. There are emerging regulations from the UK, Hong Kong, and the US that all align quite closely with the SFDR.
I believe data driven deal sourcing tools add value in the indicative sourcing process, the first 70-80% to target the long lists and make sure no opportunities are missed. I would say that in the strategy and innovation of what and where to search, as well as the more qualitative last 20-30% of the sourcing process down to singling out the target short lists, is performed by our customers.