Private Equity - the top 10 white papers so far in 2016
Savvy Investor is the world's fastest growing professional network for institutional investors. We have a research library with over 12,000 white papers and a dedicated section focused on Private Equity. These are the ten most popular or trending private equity white papers, so far in 2016:
Global Private Equity Report 2016 (Bain & Company)
The authors of this 64-page paper examine the state of the PE industry over the last year, and their expectations for the next ten. Section 1 of the report examines the deal-making marketplace, fund-raising, new private equity strategies, LP demand and GP supply, the backdrop for exits, and the outlook for PE returns. Section 2 focuses on business strategy for PE firms, including the building of repeatable model processes and mobilizing around big investment themes.
2015 North American Private Equity Compensation Survey
This detailed 30-page report from Heidrick & Struggles is based on a survey of over 380 North American Private Equity firms (GPs). The comprehensive results show base, bonus and carry by fund size, for a variety of different roles.
A Framework for Measuring Value Creation in Private Equity (INSEAD, 2016)
The authors of this report begin by discussing the standard framework used by Private Equity practitioners to measure Value Creation sources. They review individual drivers of value identified in academic literature, then they explore different methods developed since before the financial crisis to spot sources of PE returns more clearly.
Liquidity Management Strategies: The Importance of Diversification (Pantheon)
This Pantheon paper is a follow-on from a previous study which showed how a well-constructed cash management strategy may be able to supplement the return LPs can obtain from a PE program. The paper seeks to answer two important questions al PE investors should be asking themselves: (i) How concerned should I be about ensuring I reserve sufficient liquidity to meet my unfunded commitments? (ii) How much capital should I be reserving to meet my obligations and where should I be investing that capital?
EMEA Private Capital Compensation Survey (late 2015)
This 14-page report details remuneration for investment professionals in a variety of investment and marketing roles, operating across a variety of illiquid funds, including buyouts, secondaries, venture capital, co-investment, distressed, credit, growth, direct lending and FOFs. The report details salaries depending on role, experience, fund size, location, education and other factors.
Private Equity Institutional Investor Trends - 2016 Survey (Probitas Partners)
This survey is designed to track emerging trends within the PE industry, and to compare investors' changing views over a longer period of time.
European Private Equity Trend Report 2016: Unlocking value in turbulent times (PwC)
This report has been written by PwC. It provides the findings from the annual PwC survey of Global CEOs. The survey seeks to better understand the sentiment and expectations around private equity in Europe, among industry executives, for the coming year.
Is private equity really illiquid? Self-liquidation of PE portfolios (Capital Dynamics)
The goal of this paper by Capital Dynamics is to examine the illiquidity of the PE asset class. Unlike other illiquid asset classes, PE investors are unable to sell their funds in the face of loss. This is because PE is a distributing asset - an asset class based on cash-flow, generating liquidity as underlying investments are sold.
Achieving Private Equity Allocation Targets: Eliminating the Guesswork (PineBridge)
This paper explores standard private equity allocation strategies that may help private equity investors achieve their own investment objectives.
2015 Annual U.S. Venture Industry Report (Pitchbook, 2016)
This detailed survey by Pitchbook uses a variety of measures to determine whether 2015 was a good year for U.S. venture capital. It covers financing by stage and sector, fundraising, exit activity and more.
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