What will the introduction of retail capital mean for the private fund industry?
In the twelve months that have passed since the U.S. Department of Labor’s June 2020 announcement clarifying and confirming that 401k plans could deploy capital to the private markets, retail capital has been top of mind for investor relations and business development teams across the private markets industry.
Opinions and insights from institutional investors on the fees charged by private fund managers can be valuable feedback for GPs preparing to launch new funds as well as those seeking re-ups from existing investors.
In a panel discussion held during a recent eVestment-hosted event, Evolving Private Markets: Exploring the LP/GP Relationship of Tomorrow, we asked investors from three large pension plan operators for their thoughts on the state of fees in the private markets.
Private fund managers often justify their fees by pointing to their track records and claiming that by investing in private companies they are delivering superior returns that are uncorrelated to public markets. But according to research from Vanguard using data from 1980 through 2012, only the top quartile of private equity returns have materially outperformed public markets.
Public market equivalent (PME) analysis gives context to a fund manager’s performance by comparing it against a public market index. It provides a more measurable, continuous benchmark compared to blind pool peer performance datasets.
eVestment Private Markets and its suite of SaaS-based solutions for GPs, LPs, and advisors is now officially part of Nasdaq Private Fund Solutions.
Nasdaq Private Fund Solutions is a technology-enabled ecosystem of portfolio analytics & services, market intelligence, and fund secondaries solutions built to empower GPs and LPs as they navigate increasing complexity across the investment lifecycle.
Verger Capital Management uses TopQ+ to enhance their due diligence process and derive meaningful information from data.
Each month, eVestment aggregates reported commitments from the public pension plan investors tracked by our market intelligence tool, Market Lens, to provide insights on the asset classes and fund managers to which and to whom these investors are committing capital.
With data through Q1-21 now collected, the March 2021 report highlighted a bumper quarter for private equity appetite from this investor group compared to Q1-20 – only to be outshone by private debt activity.
On March 26, 2021, Callan met with their client North Dakota State Investment Board (SIB) to discuss the results of their In-State Private Markets Program manager search. The document covered in the meeting was among the most viewed in April by Market Lens users.
Diversity & inclusion initiatives are among the top priorities for fund managers in today’s private markets. In EY’s 2021 Global Private Equity Survey, over 70% of private equity managers surveyed said they have launched either documented or informal D&I initiatives.
Each year on April 22 we celebrate Earth Day, a day that serves primarily to bring attention to the impact that humans have on our planet and the importance of environmental protection.
Reducing carbon emissions is a consistent theme of Earth Day and we want to take the opportunity this year to highlight three pension plans that are working to do just that by expanding their allocations to renewable energy.
In this video we sit down with Sasha Jensen, founder & CEO of Jensen Partners to learn more about recent trends in private markets hiring and the progress being made on diversity and inclusion in the industry.