Catalyst Investment Partners’ Post

#PrivateEquityBasics Here is all about different Fund Structures across Private Equity. Below listed structure is most common fund structure in Private Equity Funds: #CommingledFunds #FundofFunds #SeparatelyManagedAccounts #DirectInvestment #CoInvesting Commingled Funds: In a commingled fund structure, fund managers raise pools of capital from multiple external investors to form a fund. Fund managers use this pooled capital to invest in companies or assets. Most private capital funds are structured as closed-end investment vehicles, which have a finite lifespan and typically do not allow redemptions or the entry of additional investors after the initial fundraising period. Fund of Funds: A fund of funds aggregates capital from multiple investors to form a fund that invests in other private capital funds. A fund of funds manager therefore acts as both an LP and a GP, raising capital from investors in the same way as a GP, while making capital commitments to limited partnerships as an LP. The life-cycle for a fund of funds will be similar to that of a commingled fund, the only difference being the types of investments made (in other funds vs. directly in the asset). Funds of funds allow investors to create a highly diversified and comprehensive portfolio of investments with fewer risks compared to direct investment. They also give smaller investors access to larger private capital funds that would usually be out of reach for them due to capital constraints. Separately Managed Accounts: A separately managed account is a fund structure between one fund manager and one investor. The fund manager will oversee the account, making multiple investments in order to meet the strategic and other portfolio management needs of the institutional investor. Direct Investment: Direct investing is where an investor purchases ownership in a company or asset without the use of a fund manager or fund investment vehicle. Deal sizes and structures vary, and investments can be in a single asset or a portfolio of assets. Direct investment is typically only possible for the largest, most experienced investors. Co-investing: A subset of direct investing. An investor invests directly in an asset alongside a fund manager, making an allocation to the fund as well as investing directly in assets. Similar to this basic concept in PE, I have created notes and study materials for Private Equity (Basics only), If you want to learn basics of PE, you may download from below mentioned link: https://lnkd.in/dAQ6XVRY You may share /update more information in comment section so we can discuss here. #privateequity #fundraising #investments #partnerships #FundStructure #privatemarkets #PEFundStructure #privatecapital #privateequityfirms #PrivateEquityFundStructure #FundStructure

#PrivateEquityBasics Here is all about different Fund Structures across Private Equity. Below listed structure is most common fund structure in Private Equity Funds: #CommingledFunds #FundofFunds #SeparatelyManagedAccounts #DirectInvestment #CoInvesting Commingled Funds: In a commingled fund structure, fund managers raise pools of capital from multiple external investors to form a fund. Fund managers use this pooled capital to invest in companies or assets. Most private capital funds are structured as closed-end investment vehicles, which have a finite lifespan and typically do not allow redemptions or the entry of additional investors after the initial fundraising period. Fund of Funds: A fund of funds aggregates capital from multiple investors to form a fund that invests in other private capital funds. A fund of funds manager therefore acts as both an LP and a GP, raising capital from investors in the same way as a GP, while making capital commitments to limited partnerships as an LP. The life-cycle for a fund of funds will be similar to that of a commingled fund, the only difference being the types of investments made (in other funds vs. directly in the asset). Funds of funds allow investors to create a highly diversified and comprehensive portfolio of investments with fewer risks compared to direct investment. They also give smaller investors access to larger private capital funds that would usually be out of reach for them due to capital constraints. Separately Managed Accounts: A separately managed account is a fund structure between one fund manager and one investor. The fund manager will oversee the account, making multiple investments in order to meet the strategic and other portfolio management needs of the institutional investor. Direct Investment: Direct investing is where an investor purchases ownership in a company or asset without the use of a fund manager or fund investment vehicle. Deal sizes and structures vary, and investments can be in a single asset or a portfolio of assets. Direct investment is typically only possible for the largest, most experienced investors. Co-investing: A subset of direct investing. An investor invests directly in an asset alongside a fund manager, making an allocation to the fund as well as investing directly in assets. Similar to this basic concept in PE, I have created notes and study materials for Private Equity (Basics only), If you want to learn basics of PE, you may download from below mentioned link: https://lnkd.in/dAQ6XVRY You may share /update more information in comment section so we can discuss here. #privateequity #fundraising #investments #partnerships #FundStructure #privatemarkets #PEFundStructure #privatecapital #privateequityfirms #PrivateEquityFundStructure #FundStructure

Our managing partner, Olav Ostin, will be speaking at the British Private Equity & Venture Capital Association (BVCA) Alternative Fund Strategies Conference next week! 🎤 Olav will join Chris Elphick for the 'Venture Secondaries Fireside Chat'. The discussion will explore the various facets of venture secondaries. They'll delve into market dynamics, examining current trends, future predictions, the impact of economic factors, technology's role, and investor behaviour shifts. The conversation will also touch upon different investment strategies employed in venture secondaries, their effectiveness, and their evolution over time. This fireside chat promises to be a comprehensive review of venture secondaries, offering valuable insights for investors, entrepreneurs, and industry professionals. Find out more here: https://bit.ly/3IcWv4X 🗓 Tuesday, 5th March 2024 ⏰ 11:30am 📍 Alternative Fund Strategies Conference, etc.venues County Hall #BVCA #PrivateEquity #AlternativeFundStrategiesConference #BVCAConference #Secondaries #VC #VentureSecondaries

Altus Equity CEO Forrest Jinks was recently interviewed by Venture Capital Post. To read the full conversation and learn how Altus is prioritizing building strong relationships, maintaining transparency, and aligning its success with its investors, click below to view the full article.

📈 The Future of Alternative Investments 📈 Alternative assets haven’t had their "Robinhood moment"—yet. Platforms like Deal Box are changing the game, making private equity, venture capital, and real estate more accessible than ever. Discover how you can be part of the next investment revolution. 🔗 loom.ly/y2UySZY #AlternativeInvestments #InvestmentRevolution #DealBox

Leading private equity group TPG with $222 billion AUM (Assets under Management) has raised $7.8 billion for 3 new funds, with the Asia private equity fund raising $5.3 billion (TPG Asia VIII), and 2 real estate funds investing in Asia & Japan raising $2.5 billion (TPG AG Asia Realty Fund V, Japan Realty Value fund).  Read - https://lnkd.in/gYu-iURM follow Caproasia | Driving the future of Asia Leading private equity group TPG with $222 billion AUM (Assets under Management) has raised $7.8 billion for 3 new funds, with the Asia private equity fund raising $5.3 billion (TPG Asia VIII), and 2 real estate funds investing in Asia & Japan raising $2.5 billion (TPG AG Asia Realty Fund V, Japan Realty Value fund). Jon Winkelried, CEO of TPG: “These successful campaigns reflect the strength of our performance and the quality of our platform in Asia.  Since establishing our presence in the region nearly 30 years ago, TPG has built a multi-strategy, scaled franchise with over 250 employees across nine cities managing over $35 billion of AUM.  Looking ahead, we expect markets across Asia to continue to experience strong economic growth. Our investment strategy in the region—characterized by thematic, sector-driven investing by local teams in key markets—positions us to continue to deliver excellent performance and drive further innovation and growth.” Ganen Sarvananthan, Head of Asia and the Middle East and Co-Managing Partner of TPG Capital Asia: “The successful close of TPG Asia VIII is a testament to our geographically diversified and sector-led private equity strategy, our stable and tenured leadership team, and our partnership-focused investment approach in Asia. We are grateful to our long-standing partners who continue to show confidence in our strategy and are very pleased to welcome our new investors.” Wilson Leung, Head of TPG AG Asia Real Estate: “We are excited to expand our value-add real estate investing activities across Asia with the support of new and existing LPs via TPG AG Asia Realty Fund V, our largest Asia real estate fund to date. We also welcome the opportunity to deepen our partnership with Japanese institutional investors through our TPG AG Japan Value Fund. We continue to see a wealth of compelling investment opportunities across the region, and we are confident that our deeply experienced team and strong, established operating partner network position us well to capitalize on them and drive value for our LPs.” TPG TPG Angelo Gordon

Navigating the choice between a joint venture and a fund partnership can be challenging for new real estate fund managers. While joint ventures offer benefits like leveraging expertise and sharing risks, real estate fund structures have their own unique advantages. Explore the critical issues and benefits that every new fund manager should consider in this EisnerAmper article: https://okt.to/7GTjnQ #RealEstate #FundManagement #JointVenture #InvestmentStrategies

Leading private equity group TPG with $222 billion AUM (Assets under Management) has raised $7.8 billion for 3 new funds, with the Asia private equity fund raising $5.3 billion (TPG Asia VIII), and 2 real estate funds investing in Asia & Japan raising $2.5 billion (TPG AG Asia Realty Fund V, Japan Realty Value fund). Read - https://lnkd.in/gvZxfcGn follow Caproasia | Driving the future of Asia Leading private equity group TPG with $222 billion AUM (Assets under Management) has raised $7.8 billion for 3 new funds, with the Asia private equity fund raising $5.3 billion (TPG Asia VIII), and 2 real estate funds investing in Asia & Japan raising $2.5 billion (TPG AG Asia Realty Fund V, Japan Realty Value fund). Jon Winkelried, CEO of TPG: “These successful campaigns reflect the strength of our performance and the quality of our platform in Asia.  Since establishing our presence in the region nearly 30 years ago, TPG has built a multi-strategy, scaled franchise with over 250 employees across nine cities managing over $35 billion of AUM.  Looking ahead, we expect markets across Asia to continue to experience strong economic growth. Our investment strategy in the region—characterized by thematic, sector-driven investing by local teams in key markets—positions us to continue to deliver excellent performance and drive further innovation and growth.” Ganen Sarvananthan, Head of Asia and the Middle East and Co-Managing Partner of TPG Capital Asia: “The successful close of TPG Asia VIII is a testament to our geographically diversified and sector-led private equity strategy, our stable and tenured leadership team, and our partnership-focused investment approach in Asia. We are grateful to our long-standing partners who continue to show confidence in our strategy and are very pleased to welcome our new investors.” Wilson Leung, Head of TPG AG Asia Real Estate: “We are excited to expand our value-add real estate investing activities across Asia with the support of new and existing LPs via TPG AG Asia Realty Fund V, our largest Asia real estate fund to date. We also welcome the opportunity to deepen our partnership with Japanese institutional investors through our TPG AG Japan Value Fund. We continue to see a wealth of compelling investment opportunities across the region, and we are confident that our deeply experienced team and strong, established operating partner network position us well to capitalize on them and drive value for our LPs.” TPG TPG Angelo Gordon

Keith at SignalRank picks up on an interesting perspective why "it seems like almost every day at the moment that an asset manager is announcing a new partnership to make alternatives go mainstream". https://lnkd.in/e_QKDutB BlackRock’s acquisition of Preqin in the summer fired the starting gun on this rush to alternatives, by signalling an intention to index private markets, he noted. More recently, Cerity Partners has merged with VC-as-a-service provider Touchdown Partners https://lnkd.in/eSP4e7Vj and Italy's Intesa has expanded its VC funds to $500m. https://lnkd.in/eXeasJBF This could be somewhat surprising given most VCs are struggling to invest and raise money - Noah talks about a VC winter in his blog that could worsen if the AI frenzy fails to deliver internet-style returns https://lnkd.in/e5BiBbNW So why the consolidation or expansion by mainstream asset managers now? First, transparency is improving somewhat and, second, the winners in venture are powering up with good fees available and ability to invest proper amounts. From a cottage industry run by lifestyle entrepreneurs (ironically the very thing VCs claim to hate in their portfolio companies) the corporatisation of venture is now happening to more efficiently and effectively allocate capital and resources to those that can use them best. The mom-and-pop VC shops could be - finally - on their way out apart from in niche or novel areas of course. Go to www.globalventuring.com to see where innovation meets capital

Navigating the choice between a joint venture and a fund partnership can be challenging for new real estate fund managers. While joint ventures offer benefits like leveraging expertise and sharing risks, real estate fund structures have their own unique advantages. Explore the critical issues and benefits that every new fund manager should consider in this EisnerAmper article: https://okt.to/0cfZmD #RealEstate #FundManagement #JointVenture #InvestmentStrategies