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Bailey McCann, Opalesque New York: Private market consultants and limited partners have greater access to data than ever before but would still like to see improvements, according to a new survey from eVestment.
According to the survey, which included responses from consultants and investors representing $2.2 trillion in assets under management, only 40 percent say "it is easy to compare one fund manager's performance numbers with another on a fair and consistent basis." 60 percent of respondents disagreed saying it was not easy to compare fund data.
When it comes to the diligence process, respondents ranked strategy and track record high on the list along with the strength of the management team. Despite media and governmental focus, only 38 percent of respondents ranked fees as extremely important. Another hot industry topic, ESG, was cited as extremely important by the smallest percentage of survey respondents at 6 percent.
"Among experienced private markets investors responding to this survey, there's still a clear majority looking for more data and a more consistent way of evaluating fund performance." Said eVestment Director of Private Equity Solutions Graeme Faulds. "Interestingly, while the structure or level of fees are not necessarily a concern for respondents, understanding the impact of them on performance is. When considered alongside the factors stated as being of utmost importance to them in due diligence, it highlights respondents' ...................... To view our full article Click here
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