The use of artificial intelligence in private markets research and due diligence is no longer optional—it is essential. Fiduciaries, bound by legal and professional standards, are required to evolve alongside the markets they serve. Fiduciaries Must Evolve The “fiduciary standard” is often invoked and held in high regard, but not always fully understood. In practice, it encompasses two legal obligations: • Duty of loyalty: putting clients’ interests above one’s own.