Our Investment Manager is an experienced private equity fund manager with significant investment expertise. Our competitive strengths assist us in achieving our investment objective of producing attractive returns on our capital from our private equity investments while managing investment risk through portfolio diversification.
Broad Experience
Our Investment Manager has over 24 years of experience in private equity investing, including private equity funds (primary and secondary investments) and co-investments. Investment strategy decisions are made by the Investment Committee, whose members have over
190 years of combined private equity investment experience. Investment sourcing and evaluation is conducted by the Investment Manager’s team of approximately 50 investment professionals who specialize in private equity fund investments and co-investments. In addition, the Investment Manager’s administrative and finance staff of approximately 120 professionals is responsible for our administrative, financial management and reporting needs.
Access to Leading Private Equity Sponsors
Our Investment Manager has built strong industry relationships with leading private equity sponsors through its long track record of private equity investing.
Diversification Strategy
We strive to provide our shareholders with an investment in a well-diversified portfolio of private equity investments. We continue to make private equity fund investments and co-investments that are diversified by private equity asset class, geography, industry, vintage year and sponsor. We believe that by investing in this manner, we will achieve higher risk-adjusted returns than we would achieve in a less diversified portfolio.
Multiple Tools to Actively Manage the Portfolio and Maintain Full Investment
We employ multiple tools to actively manage our private equity portfolio. Our Investment Manager uses its experience, including proprietary data and analytic capabilities, to apply these tools to prudently and significantly reduce the time required for us to reach and maintain a full investment level. In order to achieve a full investment level, we expect to pursue an “over-commitment” strategy, which will utilize a credit facility to provide us with a ready source of long-term capital to meet future capital calls, provide us with additional flexibility to make investments, and enhance our investment returns. In addition, we also use our co-investments to manage our investment pace over time.
Due Diligence Resources
Through its broad network of private equity and investment banking relationships, the Investment Manager can obtain valuable industry-specific knowledge, information and valuation expertise with which to supplement its team’s sourcing, analysis and evaluation of investment opportunities.
|