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.
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.”
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?
Atlas Venture is a Cambridge, MA based early stage venture capital firm focused on biotech. The firm invests exclusively in the therapeutics space within biotech where they are focused on venture creation. We spoke with Kristen Margeson, senior director of IR and marketing at Atlas to learn more about how the firm successfully uses TopQ in their fundraising and investor relations efforts.
In late August, eVestment Private Markets hosted a virtual panel with two LP investors about adapting to digital due diligence. During the conversation, one of the investors had this to say about the remote environment the industry is now operating in, “What’s been a challenge is not having informal interactions, not having AGMs where you can have those longer informal conversations with your managers, and your peers – the exchange of ideas is not as strong at the moment.”
LPs are increasingly focused on the quantitative side of GP value creation during due diligence – looking to validate claims and understand portfolio strategies with data. But are GPs using quantitative data to their advantage to evidence their value-add strengths in their pitch decks and presentations, to go beyond mere claims?
Members of the private markets teams from Aberdeen Standard Investments and APG Asset Management recently joined eVestment Private Markets for a discussion about how their due diligence processes have changed in the last few months, and the challenges and opportunities the crisis has presented.