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.
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.
In this blog post we explore Contra Costa County ERA’s 2022 strategic plan and discuss how private fund managers can use the insights from the plan to inform their fundraising process and target the right LPs for new commitments.
As demand for access to private markets funds from institutional investors continues to grow, a notable trend has appeared to help meet that demand: “Non-flagship” fund capital raising.
For LPs, investing in non-flagship funds offers the opportunity to build deeper relationships and partnerships with a concentrated list of firms they already know well or, alternatively, the opportunity to get their foot in the door at hard to access GPs.
African Infrastructure Investment Managers (AIIM), one of the largest and oldest general partners on the African continent, has selected Market Lens to boost their private markets strategy and address their LP investor intelligence needs.
Each quarter State of Michigan Retirement System issues a Private Equity Review that provides a deep dive into the pension plan’s PE portfolio. In this article will highlight some of the major takeaways from the document and discuss why Market Lens users value the insights found in the review.
Real-time data on how pension plans are committing capital for private fund managers offers valuable insight into how the market is trending, what strategies are popular with investors, and which of their competitors are finding fundraising success.
While keeping tabs on recent commitment activity is valuable intel for GPs, forward-looking insights give fund managers actionable data points. Knowing the LPs with clear intentions to commit to their strategies can serve as the foundation for planning and executing a successful fundraise.
Each new fundraising environment brings new challenges for fund managers. After contending with the challenges of virtual fundraising of 2020, GPs are now navigating a market of hybrid fundraises and stiff competition from firms launching new strategies and other coming back to market faster in order to take advantage of LP demand for private markets exposure.
As US-based pension plans strive to put capital to work in the private markets, one area has increasingly come into focus as a destination for new commitments: their home states.
Historically, an overwhelming percentage of capital invested in private funds has flowed to companies located in a short list of states: places like California, Massachusetts, New York, Florida, and Texas.
In an effort to change this dynamic and stimulate their local economies, state pension plans are increasingly issuing RFPs for in-state investment programs.
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.