Operational Excellence Overtakes Performance as Private Markets’ Next Competitive BattlegroundNew Ocorian research finds asset managers expect operating model maturity, outsourcing and investor reporting to play a growing role in fundraising success10 August 2026, United States: Operational excellence is overtaking investment performance as the next major competitive battleground for private markets firms, according to new research from Ocorian. Ocorian says the findings point to a shift in the way private markets firms are preparing for future growth. Investor reporting and fund accounting under pressureThe research highlights the scale of the operational challenge facing private markets firms. Vincent Calgano, Head of U.S. Growth at Ocorian, said:“Performance will always matter in private markets, but it is no longer the only measure of competitiveness. Vincent Calgano added:“As private markets become more complex, managers need to ensure their operating models can keep pace.