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.
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.
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.
The valuation bridge is a key tool for understanding the value creation of a private equity fund. But despite its valuable insights, the bridge is often categorized as an “LP-only” tool and not widely used by GPs. In the ever evolving and competitive fundraising landscape, GPs who fail to understand their valuation bridge and proactively utilize it as an analytics tool are missing an opportunity to create compelling narratives about their strategy and risk being unprepared for questions from potential investors.
Working with private markets consultants undoubtedly adds an extra layer of time and effort to the fundraising process for fund managers, but the fact remains that winning the approval of these gatekeepers is key to cultivating relationships with many of the top institutional investors in the market.
Each month, thousands of documents are added and viewed on eVestment’s Market Lens platform. In February, one of the most viewed documents was a Private Markets Pacing Analysis presentation from consultant RVK for Vermont Pension Investment Committee (VPIC). VPIC is responsible for administering the assets of the public employees of the state of Vermont and is an active in the private markets.
While private fund managers domiciled in the United States continue to be the most common destination for capital among US-based public pension plans, 2020 data from eVestment Market Lens highlights that Europe remains a key region for investment for North American investors. Even in a year of travel bans.
Fund Investor InsightsInvestor Relations Three Portfolio Modeling Scenarios that GPs should be prepared to share with LPs by Andrés Ramos, Content Marketing Specialist - eVestment Private Markets While investors rode out the market volatility and economic disruptions seen over the course of 2020, challenges remain for private fund managers as we move into the new [...]
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.
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