What Questions Can We Help You Answer?
Our analyses can provide you with the information you need to answer the wide range of questions that may be facing you. Here are a few examples.
U.S. VEnTure Capital & Private Equity: Concentration of ReturnS and "Value Added"
Conventional wisdom has suggested that U.S. VC returns are highly concentrated, with just a small handful of firms responsible for most of the huge gains and "value added" that was generated in venture's glory days. Others believe that such concentration is now a thing of the past, and that investors should feel comfortable committing to a wide range of venture firms.
How important has it been to have superior "manager selection" abilities to identify and access the top U.S. VC funds investing in the market at any given point in time?
How does the history of U.S. VC performance compare to that of buyouts and growth equity?
What has been the spread of returns across the quartiles within vintage years and strategies?
How does the track record of Fund XYZ compare to that of its peers and other strategies?
Strategic and Tactical Asset Allocation
For Trustees, Chief Investment Officers, high-net worth individuals, and others responsible for allocating portfolios across asset classes, have private investments been worth it?
How should investors think about the historical "value added" for private investment strategies when they are developing their asset allocation assumptions and strategies?
How long have investors had to wait to receive their gains in liquid distributions?
Have investors been adequately compensated for the risks they have taken, whether in buyouts, venture capital, private real estate, distressed securities, secondaries, or oil and gas funds?
How about smaller investors, who primarily or exclusively commit via funds of funds?
Emerging Markets private equity and Venture capital
Whether it is building out a team of fund managers in China, India, and other parts of Asia, adding new exposure to Latin America and emerging Europe, or exploring the diverse markets of Africa, the emerging and frontier markets present tantalizing opportunities. They also present substantial risks.
How have these markets performed?
How have returns varied over time and by region?
Have investors been able to achieve a consistent and sustainable premium to public stocks?
How have emerging markets managers done compared to their developed market counterparts in North America, Western Europe, Japan, and Australia?