As a leading source of data and analytics for the private markets, eVestment Private Markets works with hundreds of GPs and LPs during their respective fundraising and fund investing processes. In doing so, we gain a unique perspective on both sides of the equation, and in today’s volatile fundraising environment, this insight is more important than ever.
As a Senior Investment Officer at the Office of the New York City Comptroller, Eneasz Kadziela, CFA, CAIA is part of a team that is responsible for advising and monitoring the private equity portfolio of the five New York City retirement systems who are in aggregate $229 billion in assets and benefit the public employees, teachers, firefighters, and police of New York City
A change of government leadership in the United States almost always means an accompanying change in economic policy and initiatives. At the portfolio company-level, private markets fund managers are deeply entrenched in virtually all sectors of the economy, so one way or another, new administrations mean an impact on investor portfolios.
With 2020 behind us and digital due diligence & fundraising now the norm, fund managers need every insight and advantage available to them to rise above their virtual competition and win commitments. One advantage, at the disposal of eVestment Market Lens users, is access public pension plan portfolio reviews. These documents, produced by internal investment teams or the investor’s consultants, are a look behind the curtain at the inner workings of an institutional-level investment program
Internal rate of return (IRR) and total value to paid in (TVPI) are without question key benchmark measures of performance for private fund managers. These performance measure have demonstrable value with each offering an important viewpoint for understanding a private markets fund’s performance.
In what has been a bewildering, enigmatic, and difficult year, “Where to next?” will be the question on the minds of many emerging private equity managers as we move into 2021. While the year was full of countless challenges for everyone, in terms of fundraising in the private markets, 2020 could be described by some GPs as, “pretty good.”
From years of working with GPs and LPs across the private markets, we’ve had a behind the scenes look of many tech stacks and processes. While most have implemented specific software for fund accounting or CRM capabilities, portfolio performance data management and analysis is still left to non-specific tools: spreadsheets or generic business intelligence software.
In an increasingly crowded market, where performance is only one of many factors for an LP to consider, are GPs successfully differentiating themselves from their peers when it comes to positioning and pitching?
This blog post is an excerpt from out latest report Exploring the Impact of COVID-19 on Private Markets Real Estate: Trends in Industrial, Office, Multifamily, and Retail.