Perspectives
Pegasus Perspectives
Analysis on AI, institutional memory, and the infrastructure gap in private markets.
The Moat Is Memory, Not Intelligence
Every fund is buying the same intelligence. The durable advantage isn't a smarter model — it's institutional memory that compounds deal by deal.
Read →The Fragmented-Systems Tax: Why Manual Excel Workflows Are Still the Default
Most GPs say they've adopted AI, but still run on Excel. Why fragmented data infrastructure quietly taxes every AI tool a fund layers on top of it.
Read → AnalysisTwo Surveys, One Contradiction: What PE's AI Numbers Are Really Telling You
MIT says 95% of AI pilots fail; PE says 95% succeed. Both can't be true. What private equity's contradictory AI numbers are really telling you.
Read → GovernanceAI Washing Is the New Greenwashing
AI washing is the new greenwashing. How sophisticated LPs and the EU AI Act are closing the gap between AI claims and AI substance in private markets.
Read → OperationsThe Quarterly Reporting Cycle: Six Weeks to Ten Business Days
How one mid-market fund cut its quarterly reporting cycle from six weeks to ten business days by treating AI as infrastructure, not a subscription.
Read → Global MarketsWhy the GCC Is the Sharpest Non-US Opportunity in Private Markets Tech
Dubai hosts ~75% of the Middle East's family offices and access to ~$3T in private wealth. Why the GCC is the sharpest non-US opportunity in private markets tech.
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