Reuben AI Research Hub
Quarterly research on the future of private capital technology.
Reference
Whitepapers
The Regulated Fund: Global Legislative Headwinds and the Coming Compliance Reckoning for Private Capital
This paper maps the legislative landscape closing in on private capital. With the EU AI Act high-risk regime taking effect in August 2026, and parallel rulemaking by the FCA, SEC, MAS, HKMA, ASIC and Gulf regulators, a coherent global compliance perimeter is forming around how funds source, decide and report. Drawing on primary regulatory texts and analysis from Deloitte, PwC, EY and ILPA, it quantifies the cost of non-compliance and presents the architectural case for native decision provenance.
The Fragmented Fund: How Point-Solution Infrastructure Erodes Investment Returns
This paper quantifies the compounding costs of fragmented tool stacks in private capital: data inconsistency, intelligence decay, governance gaps, and inflated total cost of ownership. Drawing on research from McKinsey, Preqin, BCG, Deloitte, and S&P Global, it presents the structural case for a unified operating layer purpose-built for the full investment lifecycle.
The AI-Native Investment Platform: Why Private Capital Needs a New Operating Model
This paper examines why private capital firms continue to rely on fragmented tool stacks built for sales teams, not investment teams. Drawing on research from McKinsey, Preqin, Bain and Cambridge Associates, it quantifies the cost of manual workflows and presents the case for an AI-native architecture purpose-built for the full investment lifecycle.
Open data and further reading
- Open datasets: citable, machine-readable reference data on fund vehicles, regulators and the private capital software landscape.
- State of private capital tech 2026: how the stack is consolidating across the lifecycle.
- Portfolio monitoring software comparison: what each category of tool actually covers.
- Fund accounting software vs integrated monitoring: where the ledger ends and the operating layer begins.
- EU AI Act checklist for private capital: obligations mapped to Regulation (EU) 2024/1689.