Join us on 5 June, 2025 at 9.30am BST / 4.30pm SGT for our latest “Blitzinar” bringing you key insights in 15 minutes + 15 minutes for direct Q&A, where we will be discussing our recent report entitled “Getting the Price Right in GP-Led Secondaries: A look at the Nord Anglia deal through the privateMetrics® lens” which highlights the fact that the tremendous growth in continuation vehicles and cross-fund transactions has altered the alignment of interest between limited partners (LPs) and general partners (GPs).

With GPs now both a seller and a buyer of the same asset across vehicles, safeguards need to be in place to ensure fairness to all parties. LPs can no longer assume that the GP is perfectly aligned on valuation and pursuit of maximum sale proceeds. LPs need to have an opinion on exit pricing, specifically forming their own view on exit multiples and valuation, and be able to act swiftly, as there is often only a short window to decide if they will roll their holding or exit. This is a fiduciary concern.

LPs have relied on GPs to source, manage, and exit investments on their behalf, protected by a fund structure and limited partnership agreement that aligns interests. The rise of GP-led deals necessitates more involvement from LPs to ensure beneficiary assets are treated fairly.

Add the event to your calendar

_______________________________

Teams meeting details:

Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_OThkN2IxYTQtYWExNy00NTg2LTg3NWYtYTZjNDAyOTYzMzZm%40thread.v2/0?context=%7b%22Tid%22%3a%22c97c4391-8753-42fb-823a-dd47cb0ac0b6%22%2c%22Oid%22%3a%2257edca77-449d-4c88-973b-1b94e4faf98d%22%7d
Meeting ID: 470 649 201 548 2
Passcode: eU3XY7NC

Join us on 5 June, 2025 at 2.00pm BST / 9.00am EST for our latest “Blitzinar” bringing you key insights in 15 minutes + 15 minutes for direct Q&A, where we will be discussing our recent report entitled “Getting the Price Right in GP-Led Secondaries: A look at the Nord Anglia deal through the privateMetrics® lens” which highlights the fact that the tremendous growth in continuation vehicles and cross-fund transactions has altered the alignment of interest between limited partners (LPs) and general partners (GPs).

With GPs now both a seller and a buyer of the same asset across vehicles, safeguards need to be in place to ensure fairness to all parties. LPs can no longer assume that the GP is perfectly aligned on valuation and pursuit of maximum sale proceeds. LPs need to have an opinion on exit pricing, specifically forming their own view on exit multiples and valuation, and be able to act swiftly, as there is often only a short window to decide if they will roll their holding or exit. This is a fiduciary concern.

LPs have relied on GPs to source, manage, and exit investments on their behalf, protected by a fund structure and limited partnership agreement that aligns interests. The rise of GP-led deals necessitates more involvement from LPs to ensure beneficiary assets are treated fairly.

Add the event to your calendar

_______________________________

Teams meeting details:

Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_OWRiMTgxZWEtOGM2NS00MTYwLWFkZGEtZjlhOWI3Zjg1MjI0%40thread.v2/0?context=%7b%22Tid%22%3a%22c97c4391-8753-42fb-823a-dd47cb0ac0b6%22%2c%22Oid%22%3a%2257edca77-449d-4c88-973b-1b94e4faf98d%22%7d
Meeting ID: 460 343 111 506 8
Passcode: yV9Md6RV

Join us on 12 June, 2025 at 10.00am BST / 5.00pm SGT for our latest “Blitzinar” bringing you key insights in 15 minutes + 15 minutes for direct Q&A, to discuss our recent report, “Building Custom Private Equity Fund Benchmarks”, showing that custom benchmarking allows for almost any combination of index construction across sectors and geographies, which is important as it allows limited partners (LPs) and general partners (GPs) to examine performance against the most relevant benchmark.

Given private equity fund managers take meaningful specific risk, often allocating entirely to one country, or to a few specific sectors, the ability to customise a benchmark allows this exposure to be replicated more accurately than can be done with broader indices. This functionality compliments the existing flagship private equity indices and thematic indices across geographies and sectors.

As we show in fund case studies covering Sweden, Germany and Spain-based funds, the choice of benchmark can determine whether a fund has generated alpha or not. The ability to take multiple cuts at the data helps one judge performance more precisely and can lead to better investment decision making (LPs) and improved portrayal of performance (GPs).

Add the event to your calendar

_______________________________

Teams meeting details:

Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YzJkODU5OGUtZmRmOS00ZjM5LThiOWQtNTQ4MTIwNjZkY2Rl%40thread.v2/0?context=%7b%22Tid%22%3a%22c97c4391-8753-42fb-823a-dd47cb0ac0b6%22%2c%22Oid%22%3a%2257edca77-449d-4c88-973b-1b94e4faf98d%22%7d
Meeting ID: 449 363 993 824 0
Passcode: 83gR6Rf6

Join us on 12 June, 2025 at 2.00pm BST / 9.00am EST for our latest “Blitzinar” bringing you key insights in 15 minutes + 15 minutes for direct Q&A, to discuss our recent report, “Building Custom Private Equity Fund Benchmarks”, showing that custom benchmarking allows for almost any combination of index construction across sectors and geographies, which is important as it allows limited partners (LPs) and general partners (GPs) to examine performance against the most relevant benchmark.

Given private equity fund managers take meaningful specific risk, often allocating entirely to one country, or to a few specific sectors, the ability to customise a benchmark allows this exposure to be replicated more accurately than can be done with broader indices. This functionality compliments the existing flagship private equity indices and thematic indices across geographies and sectors.

As we show in fund case studies covering Sweden, Germany and Spain-based funds, the choice of benchmark can determine whether a fund has generated alpha or not. The ability to take multiple cuts at the data helps one judge performance more precisely and can lead to better investment decision making (LPs) and improved portrayal of performance (GPs).

Add the event to your calendar

_______________________________

Teams meeting details:

Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YzQ2Zjg1MDgtNGVlMy00OGQ5LTlkNGUtYjNhMDE1NWIxOTNm%40thread.v2/0?context=%7b%22Tid%22%3a%22c97c4391-8753-42fb-823a-dd47cb0ac0b6%22%2c%22Oid%22%3a%2257edca77-449d-4c88-973b-1b94e4faf98d%22%7d
Meeting ID: 476 673 664 666 0
Passcode: Dz6MU97v