We invest our clients’ resources in selected private equity funds through primary investments and/or by buying existing fund units in secondary transactions, applying the strictest selection criteria in both cases. As there is a very considerable difference in realised returns between top decile fund managers and the rest, the selection and access to the best fund managers is key for the success of the investment.
We have access to the best private equity fund-of-funds and fund managers and have built up our reputation in the last two decades not least as a result of our very high due diligence requirements. We attach considerable importance to the ethical and sustainable aspects of a specific investment strategy.
We analyse target funds by performing a relevant competitors benchmarking in a specific market segment. In doing so we use our in-house database with a proprietary rating system, complemented with external databases as necessary. Our rating system is the basis for fund selection, with the aim of building up a balanced portfolio on the basis of a consistent and proven selection process.
Secondary transactions have the advantage of generally tying up less capital and allowing for quicker capital distributions. Furthermore, they are a good instrument to enable an immediate diversification of the portfolio by establishing new positions in different geographies, vintages, sectors and type of fund managers. The analysis of these managers and underlying investee company investments is performed on the basis of similar criteria as for a primary fund investment.