Views and investment strategies of the world’s leading institutional investors
| 123Venture | Richard Allanic, Investment Manager |
| 747 Capital | Marc der Kinderen, Managing Partner |
| Access Capital Partners | Philippe Poggioli, Partner |
| ACG Private Equity | Lorenzo Lorenzotti, Managing Director |
| Adams Street Partners | Sergey Sheshuryak, Partner |
| Advantus Capital Management | Ronald Sandquist, Managing Director - Private Equity |
| Adveq | André P Jaeggi, Managing Director |
| AGF Private Equity | Luc Maruenda, Managing Director |
| Alcyon | Gunther Pamberg, president |
| Aldus Equity | Saul Meyer, Partner |
| Alignment Capital Group | Austin M Long III, Managing Partner |
| Allstate Investments, LLC | Peter Keehn, Head of Alternative Investments |
| ALPHA Associates | Dr Petra Salesny, Partner |
| ALPHA Associates | Peter Derendinger, Partner and CEO |
| Alternative Investment Capital | Kazushige Kobayashi, Executive Vice President |
| Altius Associates | John Hess, Chief Executive Officer and Director |
| AMB Generali Private Equity | Britta Lindhorst, Managing Director |
| AMR Investments | Bill Quinn, President |
| AP7 | Daniel Barr, Chief Analyst |
| Argentum | Arne Trondsen, Investment Director |
| Asia Alternatives | Melissa Ma, Co-Founder and Managing Director |
| Asian Development Bank | Veronica L John, Senior Investment Officer |
| ATP Private Equity Managers | Jens Bisgaard-Frantzen, managing director |
| Auda Group | David Andryc and Steve Wesson, managing directors |
| AXA Private Equity | James Pitt, Managing Director, Primary Fund of Funds |
| Bank of Scotland | Graham McDonald, Head of Fund Investments |
| Bank//Pension | Leif Hasager, Senior Vice President |
| bmp AG | Ralph Günther, Managing Partner |
| BOC Group | David White, Treasury Manager |
| Brederode (UK) | Luigi Santambrogio, Managing Director |
| Caisse de dépôt et placement du Québec | Pierre Fortier, Vice President, Funds, Private Equity |
| CAM Private Equity | Dr Rolf Wickenkamp, Co-Founder and Managing Partner |
| Capital Dynamics | Thomas Kubr, CEO |
| Capital for Enterprise Board | David Quysner, Chairman |
| Capital Z Investment Partners | Scott Delman, President |
| Capvent | Varun Sood, Founder and Managing General Partner |
| CDC Group | Richard Laing, Chief Executive |
| Citigroup Private Equity | John Barber, Managing Partner |
| Clerical Medical | Rhonda Ryan, senior director, alternative investments |
| Coller Capital | Tim Jones, investment director |
| Colorado PERA | Kevin Kester, Director of Alternative Investments |
| Compagnia di San Paolo | Giorgio Buggio, Portfolio Manager |
| Conversus Asset Management | Bob Long, CEO |
| Cooperative Insurance Society | Richard Hotchkis |
| CPP Investment Board | Mark Weisdorf, Vice President, Private Market Investments |
| CPR Private Equity | Xavier Caron, Managing Partner |
| Danish Investment Fund | Martin V Hansen, Investment Director |
| Danske Private Equity | Claus Stenbaek, executive director and partner |
| Danske Private Equity | Dan Kjerulf, Partner |
| Equity Partners | Carsten Schmeding (managing director), Mark Lippert and Mathias Radeck (both investment directors) |
| European Bank for Reconstruction and Development | Alessandra Pasian, Senior Banker |
| European Bank for Reconstruction and Development | Henry Potter, Senior Banker |
| European Head of Citi Private Equity | Robert Womsley |
| European Investment Fund | Jacques Lilli, advisor to the chief executive |
| European Investment Fund | John Holloway, Director of Operations |
| Extorel Private Equity Advisers | Thomas Kohlmeyer, Partner |
| Fairview Venture Management | Hanse Halligan, Chairman and Chief Investment Officer |
| Feri Alternative Assets | Bernd Kreuter, director private equity |
| Finama | Lionel Bergeron, Investment Manager |
| Finvest | Topi Piela, Director |
| Fondinvest Capital | Charles Soulignac, Chairman and CEO |
| Fonditel | Beatriz González, Director |
| Fort Washington Capital Partners | Gus Long, Managing Partner |
| Frontier Investment Consulting | Kristian Fok, Deputy Managing Director |
| General Motors Investment Management Corporation | Charles Froland, Managing Director |
| Gerken Capital Associates | Lou Gerken, Founder and Chairman |
| Gerling Insurance | Peter Hielscher, Head of Private Equity |
| Glenmede Trust | Barry Kohout, Managing Director |
| Global Vision Private Equity Partners | Reinhard Hartl, Director |
| Golding Capital Partners | Jeremy Golding, Founder and Managing Director |
| Goldman Sachs Private Equity Group | Geoffrey G Clark and J Christopher Kojima, Managing Directors and Michael J Brandmeyer and Harold P Hope III, Vice Presidents |
| Grove Street Advisors | Barry Gonder, General Partner |
| Grove Street Advisors | Clint Harris, Managing Partner |
| Hamburgische Landesbank | John Porter |
| Hamilton Lane | Wayne Harber, Managing Director |
| HarbourVest Partners | D Brooks Zug, Senior Managing Director, and George R Anson, Managing Director |
| Henderson Private Capital | Jan Faber, Head of Fund Investments |
| Hermes Pensions Management | Rod Selkirk, Head of Private Equity |
| Horizon21 Private Equity | Beat Bühlmann, Managing Director and Head of Investment Management |
| Ilmarinen Mutual Pension Insurance Company | Katja Salovaara, Portfolio Manager |
| International Finance Corporation | Haydee Celaya, Director of the Private Equity and Investment Funds Department |
| Investure | Chad Morgan, Director |
| K2 Capital | Donald Kendall, Managing Director and CEO |
| KfW Group | Marc Brugger, Senior Project Manager, Venture Capital and Private Equity |
| Knightsbridge Advisers | Joel Romines, founder and managing principal |
| Korea Venture Investment Corporation | Seong C Gweon, CEO |
| Landmark Partners Europe | Lance Whitehead, Managing Director |
| Landmark Partners Europe | Simon Thornton |
| Landsbanki | Fabio Quaradeghini, Senior Fund Manager, and Jon-Ingvi Arnason, Head of Alternatives |
| LFPE | Marc Brugger, Director |
| LGT Capital Partners | Ivan Vercoutère, Roberto Paganoni, Maximilian Brönner, Tycho Sneyers; Partners |
| Little Hawk Capital Management | Roland Reynolds, Managing Partner |
| Local Government Pensions Institute | Markus Pauli, CIO of Alternative Investments |
| LODH Private Equity ltd | Christopher S Bödtker, CEO |
| Lombard Odier Darier Hentsch & Cie | Christopher S Bödtker, Principal and Head of Private Equity |
| LUMA Capital | Daniel Keller, Director |
| Lyrique | Hans van Swaay, Partner |
| Macquarie Bank | John Brakey, Head of Alternative Investments |
| Martin Currie | Hamish Mair, Director, Private Equity |
| Mediolanum State Street | Giuseppe Campanella, Chief Investment Officer |
| Mercury Partners | Rainer Busch, managing partner |
| Mesirow Financial | Paul Rice, Senior Managing Director, Private Equity |
| Metropolitan Asset Managers | Godfrey Albertyn, Portfolio Manager, Futurebuilder |
| MFonds AG | Alexander Jira, founder and CEO |
| MLC Investment Management | Charl Pienaar and Steve Whatmore, Investment Managers |
| MN Services | Jos van Gisbergen, director of alternative investments |
| Montagu Newhall | Ashton Newhall, Principal and Co-founder; Rupert Montagu, Co-Founder and General Partner |
| Morgan Stanley Alternative Investment Partners | Thomas Dorr, Managing Director |
| Morley Fund Management | Roger Wilkins, Private Equity Manager |
| Mowbray Capital | Guy Fraser-Sampson, Founder and Managing Partner |
| Muller & Monroe Asset Management | Irwin C Loud III, Chief Investment Officer |
| National Pensions Reserve Fund | Ronan Cunningham, Head of Private Equity |
| NESTA Investments | David Hunter, Managing Director |
| New Mexico State Investment Council | Greg Kulka, Director of Alternative Investments |
| Next Chapter Holdings | Mark R. Pattis, Chief Executive Officer |
| NIB Capital | Wim Borgdorff, managing partner |
| Nordea Private Equity | Lauge Sletting, Managing Director, Partner |
| Nordic Alternative Investment Advisors | Martin Anthonsen, Chief Investment Officer |
| North Sea Capital | Lauge Sletting, Managing Partner |
| Northgate Capital | Dr Hosein Khajeh-Hosseiny, Managing Director and Head of Global Private Equity Investments |
| Ohio Public Employees Retirement System (OPERS) | Greg Uebele, Assistant Investment Officer: Private Equity |
| OMERS | Paul G Renaud, Senior Vice President and Chief Financial Officer |
| Oppenheim Private Equity Manager | Peter Schwanitz, Managing Director/Geschäftsführer |
| Pantheon Ventures | Colin Wimsett, Managing Partner |
| Paragon Advisors | Terry Sullivan, managing director |
| Paris Orléans | Emmanuel Roth, Managing Director |
| Partners Group | Urs Wietlisbach, Co-Chairman |
| Paul Capital Partners | Philip S Paul, Chairman |
| PCGI | Steve Cowan, Managing Director |
| Performance Equity Management | Frank Brenninkmeyer, Principal |
| Pictet & Cie | Hans van Swaay, Head of Private Equity |
| Piper Jaffray - Private Capital Group | John Otterlei, Senior Managing Director; Michael Pohlen, Principal |
| Pohjola Group Insurance Corporation | Ari Jauho, vice president, private equity and venture capital |
| Pomona Capital | Michael Granoff, President and CEO |
| Port Shelter Investment Management | Richard Harris, Chief Executive |
| PPM Managers | Roberto Pilotto, Funds Director |
| Private Advisors | Rafael Astruc, Partner, and Rob Voeks, Managing Director |
| Private Equity Europe, Russell | Helen Steers, Managing Director |
| Proventure | Catherine Lewis, Founding Partner |
| Quay Partners | Sam Armstrong, Managing Partner |
| Railways Pension Trustee Company | Stephen Lowe, Investment Consultant |
| RCP Advisors | Tom Danis, Managing Principal |
| Rho Fund Investors | Gordon Hargraves, Vice President |
| Robeco Private Equity | Ad van den Ouweland, managing partner |
| Rumson Capital Advisors | Alex Bangash, managing director |
| SCM Strategic Capital Management AG | Ralph Aerni, Head of Private Equity |
| SEB Asset Management | Stefan Mårelid, Head of Private Equity |
| Second Swedish National Pension Fund - AP2 | Anders Stromblad, Head of Alternative Investments |
| SG Asset Management | Fabrice Lepeltier, Partner |
| SPF Beheer | Maurice Simons, Portfolio Manager, Private equity |
| Spur Capital | Brad Kelly, Paul Fetsch, Paul Gompers and Joan Heidorn, general partners |
| Squadron Capital | David G Pierce, CEO |
| Standard Life Investments | David Currie, CEO, Private Equity Investments |
| State Street Global Investments | Giuseppe Campanella, Chief Executive Officer |
| Sterling Private Investments, Inc. | Brian D. Isroff, Senior Managing Director |
| Surrey County Council | Michael Taylor, Director |
| Swift Capital Partners | Wolf-Dietrich von Wrede, Managing Director |
| Swiss Life Private Equity Partners | Dominik Meyer, partner |
| Swiss Re | Harold Weiss, Head of Private Equity Fund of Funds Unit |
| TANEO | George Kintis, CEO |
| TD Capital | John Greenwood and Stuart Waugh, Managing Directors |
| Teachers' Private Capital | Jim Leech, Senior Vice President |
| The Crossroads Group | Brad Heppner, Chairman and CEO |
| The Multilateral Investment Fund | Susana García-Robles, Senior Investment Officer |
| TIAA-CREF | Sheryl Schwartz, Managing Director of the Alternative Investment Group |
| Unigestion | David Chamberlain, Managing Director, Private Equity |
| Unigestion | Dr Hanspeter Bader, Managing Director in Charge of Private Equity |
| University of Toronto Asset Management Corporation | Brian Stewart, Managing Director, Private Markets |
| UTIMCO | Sara McMahon and Trey Thompson, co-managing directors |
| VCM | Stefan Herzog, Managing Director |
| VCM Capital Management | Dr Hellmut Kirchner, Co-Founder and Managing Director |
| VenCap International | Tim Cruttenden, Senior Investment Manager |
| Venture Investment Associates | Jason Andris, Principal |
| Vintage Venture Partners | Alan Feld, Partner |
| von Braun & Schreiber | Emmeram von Braun, general partner |
| Watson Wyatt Worldwide | Mark Calnan CFA, Investment Consultant - Manager Research |
| WEGAsupport GmbH | Sven Berthold, Investment Manager |
| Wellcome Trust | Sandra Robertson, head of alternative assets |
| Wesleyan University | Colin Ambrose, Senior Investment Officer |
| West Midlands Pension Fund | Alex Scott, senior investment manager |
| West Yorkshire Pension Fund | Stuart Imeson, Head of Pensions and Investments |
| WestAM | Tom Thompson, Director, Private Equity Group |
| Wilshire Associates | Arianne Leuftink, managing director |
| Wilshire Private Markets Group | Daniel Allen, Managing Director |
| Wind River Holdings | David G Proctor, Senior Vice President |
| Winterthur Group | Chris Manser, Head of Alternative Investments |
| Wölbern Private Equity | Philip Frerichs, Managing Director |
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Investor Profile: Clark Song, Investment Specialist, Genertec Investment Managers 15 Dec 2009. Source: AltAssets. Clark Song on the private equity landscape in China, on the pitfalls of investing in the asset class in the country, and on the effects of western funds setting up yuan-denominated funds. |
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Investor Profile: Christophe Nicolas, Executive Director, Morgan Stanley Alternative Investment Partners 08 Dec 2009. Source: AltAssets. Christophe Nicolas on the flow of secondary deals in the lower end of the market, on the growing bubble in distressed debt investing, on the generation shift occurring among fund managers and on the lasting effects the downturn will have on the industry. |
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Investor Profile: Sipilä Samuli, Managing Director, Pohjola Private Equity Funds 12 Nov 2009. Source: AltAssets. Sipilä Samuli on investing in the European lower mid-market, on the value of fund placement agents and on investors’ nous for putting money into funds now for attractive vintages. |
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Investor Profile: Duran Curis, Managing Director, Drum Capital 02 Nov 2009. Source: AltAssets. Duran Curis on the interest in the special situations space, on the reason distressed debt investing is more attractive than the secondary market, and on the difficulty of applying a pan-European approach. |
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Investor Profile: Markus Ableitinger, Director, Capital Dynamics 29 Sep 2009. Source: AltAssets. Markus Ableitinger on private equity fund investment in Asia, the development of Vietnam and on ratchet and performance provisions in the Chinese media. |
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Investor Profile: Mirja Lehmler-Brown, Investment Director, Scottish Widows Investment Partnership 29 Jul 2009. Source: AltAssets. Scottish Widows Investment Partnership (SWIP) is one of Europe's largest asset management companies and part of Lloyds Banking Group. Managing funds worth £77.25bn (€90bn), the firm has a broad product range which includes an allocation to private equity funds. |
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Investor Profile: George Anson, Managing Director, HarbourVest Partners, UK 23 Jun 2009. Source: AltAssets. George Anson on emerging private equity markets, the tough fundraising environment and the benefits of getting professional investment advice. |
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Investor Profile: Lorenzo Lorenzotti, Managing Director, ACG Private Equity 02 Jun 2009. Source: AltAssets. Lorenzo Lorenzotti on the lack of industry-focused private equity funds in Europe, on ACG expanding its investor base out to the US and the Middle East, on the benefit of using placement agents, and on the difficult fundraising environment. |
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Investor Profile: Katharina Lichtner, Managing Director and Head of Research, Capital Dynamics 30 May 2009. Source: AltAssets. Katharina Lichtner on Capital Dynamics’ bullish stance on secondaries, on the evolution of due diligence processes, on LPs defaulting on capital calls and on the devaluation of private equity portfolio companies. |
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Investor Profile: Sam Robinson, Director of Private Equity, SVG Advisers 26 May 2009. Source: AltAssets. SVG Advisers was established in 2001 with the key objective of providing solutions and innovative structures for investing in private equity or public equity using private equity techniques. |
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Investor Profile: Steve Cowan, Managing Director, PCGI 25 Mar 2009. Source: AltAssets. Steve Cowan on screening GPs, on PCGI's focus on countries over sectors, on emerging markets coping with the global financial crisis better than the US and Western Europe and on 2009 being an exciting vintage year. |
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Investor Profile: Markus Pauli, CIO of Alternative Investments, Local Government Pensions Institute 04 Mar 2009. Source: AltAssets. Markus Pauli on the impracticality of direct investing, on the reasons for making smaller investments, on the LGPI's support of first-time funds and on new investors playing safe and being conservative. |
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Investor Profile: Alessandra Pasian, Senior Banker, European Bank for Reconstruction and Development 24 Feb 2009. Source: AltAssets. Alessandra Pasian on the drop in activity at the end of 2008, on EBRD being the largest private equity investor in the CEE and Russia and on the organisation's support of first-time funds. |
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Institutional Investor Profile: Richard Harris, Chief Executive, Port Shelter Investment Management 04 Feb 2009. Source: AltAssets. Richard Harris on the private equity scene in Asia, on the potential bubble in distressed debt funding, on private equity lock-ups and on the improper practices of some GPs. |
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Institutional Investor Profile: Susana García-Robles, Senior Investment Officer, The Multilateral Investment Fund 27 Jan 2009. Source: AltAssets. Susana García-Robles on developing fund manager talent, on knowing the environment in which you are investing and on the issues facing private equity in Latin America. |
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Institutional Investor Profile: Leif Hasager, Head of Investments, Bankpension 20 Jan 2009. Source: AltAssets. Leif Hasager on the attractiveness of distressed debt funds, on investing in funds of funds when starting out in private equity, on poorly judged leveraged investments and on the need for investors to make operational improvements in companies for investments going forward. |
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Institutional Investor Profile: Weathergage Capital 14 Jan 2009. Source: AltAssets. Tim Bliamptis, co-founder and managing director of Weathergage Capital, on investing in proven money-makers, on opportunities in the cleantech space, on the evolution of Silicon Valley venture capital and on the dangers of outgrowing your core strategy. |
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Institutional Investor Profile: Beatriz González, Director, Fonditel 07 Jan 2009. Source: AltAssets. Beatriz González on the increasing attractiveness of secondaries and distressed debt, on the importance of established managers and on the outlook for private equity. |
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Institutional Investor Profile: Kristian Fok, Deputy Managing Director, Frontier Investment Consulting 17 Dec 2008. Source: AltAssets. Kristian Fok on the attraction of distressed opportunities, on private equity asset markdowns in the year ahead, on direct investments in infrastructure, on the outlook for Frontier's next year and on Australia's minimised exposure to leverage. |
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Institutional Investor Profile: Chad Morgan, Director, Investure 03 Dec 2008. Source: AltAssets. Chad Morgan on Investure's opportunistic approach, their selection process, distressed opportunities, secondaries, and why keeping a steady hand should pay off later.l |
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Institutional Investor Profile: Hans van Swaay, Partner, Lyrique 18 Nov 2008. Source: AltAssets. Hans van Swaay on why mega-funds continue to grow again, on the arrogance of LPs, on first-time funds, on his concerns about investing in emerging markets and on the huge amount of uninvested money in private equity. |
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Institutional Investor Profile: Mark Calnan CFA, Investment Consultant - Manager Research, Watson Wyatt Worldwide 21 Oct 2008. Source: AltAssets. Mark Calnan on Watson Wyatt's hybrid model, on composing tailor-made portfolios for clients and on the challenges facing the private equity industry. |
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Institutional Investor Profile: Saul Meyer, Partner, Aldus Equity 15 Oct 2008. Source: AltAssets. Saul Meyer on the increasing attractiveness of mezzanine, on the appeal of first-time funds, on the importance of long-term relationships with fund managers and on building a good reputation for the private equity industry. |
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CDC is the UK’s development finance institution. Owned by the UK government’s Department for International Development, CDC provide capital to invest in private equity funds in emerging markets, with a particular emphasis on sub-Saharan Africa and South Asia. By supporting the private sector, CDC contributes to long-term poverty reduction in developing countries.
Hannes Ambacher and Henry Owainati on the narrowing bid-ask spread in the secondary market an subsequent effect on returns, on Central and Eastern Europe and why it offers a fertile environment for private equity, and on the return of institutional investors’ appetite for investing in the asset class.
Capital for Enterprise Limited negotiated the UK Innovation Investment Fund’s commitment to investment manager Hermes as part of the government’s drive to support young British businesses. With this partnership freshly secured, Rory Earley met with AltAssets to shed light on bridging the UK’s equity gap, ensuring the newly launched UK Innovation Investment Fund helps businesses in this country, the performance of government-backed venture funding and learning from past investment mistakes.
Varun Sood on Indian private equity and its underserved opportunity, on the requisite qualities the country possesses that will foster the asset class, and on the different approach western institutional investors must adopt when investing there.
Janna Laudato on the attractiveness of mezzanine in the current debt-deficient climate, on the draw of investing in the middle-market over larger funds, and on the benefits of having dry powder during and after the type of downturn we have just witnessed.
David Seligman on signs of a slow recovery for private equity investments, on the resilience of funds focusing on the lower end of the market due to lower leverage, and on the increasing specialisation of funds.