Edited by Probitas Partners
OVERVIEW
Manager selection in private equity is absolutely crucial to achieving high returns from the asset class. However, ascertaining whether a manager has the potential to be a top quartile – or decile – performer is an extremely difficult task.
The Guide to Private Equity Fund Investment Due Diligence is the most extensive guide to this important topic and can help the busy institutional investor, gatekeeper and investment advisor to choose the right fund manager. It will also provide a private equity fund manager with a unique guide to the hot button issues they must address when approaching an investor for capital. This important publication combines in-depth editorial with a global directory of consultants providing specialised private equity advice to institutions, along with the results of a proprietary survey of over 300 institutional investors about their attitudes towards fund investment due diligence.
“As part of the process of developing a ‘road-map’ for a future fundraising process, Kleinwort Capital is undertaking a detailed analysis of our investment track record, including a value creation analysis and a value attribution analysis. PEI’s Guide to Private Equity Fund Investment Due Diligence has been a valuable resource in helping with this process. It has helped us gain insight into the way in which our prospective LPs might want information presented to them.”
Martin Horne, Portfolio Manager, Kleinwort Capital
Buyers of this guide will get to:
- Discover how to benchmark your private equity program and the short term and long term performance measurements to employ
- Discover what the buy-side think about fund due diligence, including LP attitudes to terms and conditions, emerging managers and sponsored funds
- Understand the challenges in analysing unrealised returns in private equity and learn the various methods for effectively doing so
- Appreciate the legal due diligence process and benefit from the experience and expertise of leading private equity fund lawyers from the US and Europe
- Assess the benefits of a co-investment program and learn how to effectively establish, develop and monitor one
- Buyers of the guide will also be able to use: A directory of specialist private equity investment advisors and consultants
- An archive of relevant coverage from Private Equity International and Private Equity Manager magazines
TABLE OF CONTENTS
Introduction
Private equity fund manager due diligence and selection
Towards a standard private equity due diligence questionnaire
Track records: analysing unrealised returns
Emerging managers: how to analyse a first time fund
Due diligence in emerging private equity markets
Mezzanine funds: risk, return and the equity mix
Legal due diligence: a Q&A session
Benchmarking and performance measurement
Co-investment due diligence
Survey: Due Diligence and the Limited Partner
Directory of investment advisors and consultants
Contributors Biographies
Appenices
