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.

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.

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 [...]

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