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eFront Insight GP
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By Asset Class
Private equity
Real estate
Infrastructure
Private debt
By Investor Type
Limited partners
General partners
Asset servicers
Fund of funds
Venture capital
By Requirement
Fundraising Software
Pipeline and deal flow management
Portfolio and direct investments monitoring
Alternative Investment Portals
Fund administration and accounting
Positions tracking
Investment data feed
Research and benchmarking
Performance assessment
Portfolio construction
Investor reporting
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Test Samir
1
Demographic
Step 1
2
Questions
Step 2
What is the type of organization that describes you the best ?
High Net Worth Individual
Family Office
Pension Fund
Insurance Group
Fund of Funds
Sovereign Wealth Fund
Endowment or Foundation
Please choose the region in which your organization is incorporated in:
North America
Europe
Asia & Pacific
Middle East & Africa
Rest of World
What is the alternative AUM (PE, Real Estate, Infrastructure, etc.) of your organization?
< $1 B
$1 B - $5 B
> $ 5 B
How do you determine your private equity allocation ?
You follow your peer group's example, trusting they make the right choice on average
You calculate your own optimal return, risk and liquidity profile
You optimize your risk-adjusted performance under constraints of liquidity and solvency targets, with an eye to ESG responsible investment
How do you build your private equity portfolio ?
You select historical top performers, diversified across vintages and geographies
You have a market view and you select regions, industries, strategies and stages to deliver on that
You adopted an advanced portfolio construction process focusing on risk factors and relative value
How do you assess the management team of the fund ?
You assess team cohesion and clearly defined roles
You engage in individual analysis of the performance of each member of the team and you actively seek to identify the top talents to prepare for generational change
You build a judgement on each manager based on the decade long history of connections, you conduct interviews and seek external references
What are your priorities at the negotiation stage ?
The size of the management and performance fees and structure (e.g. waterfalls).
You often seek better alignment through more skin in the game, and better governance, such as active participation on the Advisory Board
You require a segregated account or negotiate the option to retain the final decision on investment
How do you monitor positions within your portfolio ?
You build your own excel sheets to keep track of the evolution in value of your positions
You combine the customized data bases with your own portfolio data
You rely on the integrated system that feeds on exhaustive library of industry-wide transactions combined with powerful analytical tools
How do you measure a fund’s performance ?
IRR
IRR and multiples on invested capital
IRR, multiples and public market equivalents
How do you assess risk ?
You keep track of correlations between different positions in your portfolio and use VaR
You measure the delta of top and bottom performers, assess macro-risks, measure distribution risk as a deviation of distributed cash multiple from the long-term average, plus VaR
You have a comprehensive total portfolio view relying on a factor-based risk management system
What is your liquidity policy ?
You are being passive in targeting liquidity and do not plan the timeline of the cash distributions
You use the historical patterns of cash paid out by the PE funds you invested in, to predict the cash inflows and use the available financial instruments to compensate for the lack of performance of unused capital
You rely on tools that integrate large data base of PE cash transactions and powerful analytical tools to make projections of cash distributions and actively engage in reinvestments to meet your annual pay-out schedule
What information do you ask and receive from your GP ?
You attend the Annual General Meeting, receive the quarterly report
You read quarterly reports carefully to extract the information on the fund level to analyse the dynamics of cash distributions and NAV and compare the reported performance with the funds co-investing in the same companies
You build your own proprietary data base based on the information you ask from your GP or you rely on the platforms that collect and streamline granular data on the characteristics and performance of the assets in the fund’s portfolio
How do you benchmark realized performance ?
You compare fund managers, like-with-like
You analyse at the portfolio company level and benchmark against peers with comparable asset composition
You analyse each investment manager’s return attribution to the total fund performance