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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Institutional Investor Profile: André P Jaeggi, Managing Director, Adveq 23 May 2007. Source: AltAssets. André Jaeggi on why Adveq prefers fund managers who take an active role in their portfolio companies, on the need for a diversified investor base, on why European venture is attractive, on investor discipline and on opportunities across the emerging markets. |
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Institutional Investor Profile: Peter Keehn, Head of Alternative Investments, Allstate Investments, LLC 29 Jun 2006. Source: AltAssets. Peter Keehn on Allstate's preference for industry sector-specific funds, on the qualities that his team is keen to see in a good GP, on what puts them off investing with certain funds, and on Allstate's thorough due diligence process. |
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Institutional Investor Profile: Jens Bisgaard-Frantzen, Managing Partner, ATP Private Equity Partners 06 Jun 2006. Source: AltAssets. Jens Bisgaard-Frantzen on the qualities ATP Private Equity Partners looks for during the due diligence process, on the importance of long-term LP-GP relationships, on why the firm is keen to invest in industry sector-specific funds, and on the firm's position on Asia. |
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Institutional Investor Profile: Kazushige Kobayashi, Executive Vice President, Alternative Investment Capital 26 Jul 2005. Source: AltAssets. Kazushige Kobayashi on Limited Partner-General Partner relationships, his firm's private equity strategy and on what he thinks Asia needs to do to attract more investors into the market. |
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Institutional Investor Profile: Sheryl Schwartz, Managing Director of the Alternative Investment Group, TIAA-CREF 29 Jun 2005. Source: AltAssets. Sheryl Schwartz on how to get into the best funds, on diversification, and on why excellent time management is the key to success in this business. In her 18 years with TIAA-CREF Schwartz has worked in five different areas: she started off in privately-placed debt and then went on to work in asset-backed securities before she started TIAA-CREF's secondary trading desk. Schwartz then worked in mortgage-backed securities. In 1997 she started the Alternative Investment Group. |
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Institutional Investor Profile: John Hess, Chief Executive Officer, Altius Associates 01 Jun 2005. Source: AltAssets. John Hess on due diligence at private equity advisor Altius Associates, his firm's conservative investment approach and why he thinks few clients are better than many. Altius has a mixture of discretionary and non-discretionary clients, which include the California State Teachers' Retirement System, Teachers' Retirement System of Texas, Danish pension funds and UK institutions. |
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Institutional Investor Profile: Philippe Poggioli, Partner, Access Capital Partners 09 Mar 2005. Source: AltAssets. Philippe Poggioli explains how Access Capital Partners puts together its portfolios. He says that to him discipline is the most important quality of a general partner because they have to remain cool-headed and withhold from investments when the climate is not right. |
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Institutional Investor Profile: Dr Petra Salesny, Partner, ALPHA Associates 28 Feb 2005. Source: AltAssets. Dr Petra Salesny on the challenges and opportunities that ALPHA Associates have faced as an investor focussed on CEE. As a limited partner with seven years of CEE investment experience the firm has built long-standing relationships with fund managers in the region. |
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Institutional Investor Profile: Bill Quinn, President, AMR Investments 27 Sep 2004. Source: AltAssets. Quinn on the overriding correlation between experience and performance, on the importance of ensuring that the general partner only makes money when you do, on private equity's descent into the retail market and on large-cap funds that have outgrown themselves. |
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Institutional investor profile: David Andryc and Steve Wesson, managing directors of Auda Group 04 May 2004. Source: AltAssets. Andryc and Wesson on the need for consolidation in the venture industry, on the dangers of over diversification, on steering clear of the flavour of the month, and on the question of appropriate returns in the private equity industry. |
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Institutional investor profile: Britta Lindhorst, Managing Director, AMB Generali Private Equity 10 Dec 2003. Source: AltAssets. Lindhorst on the increasing attractions of the European market, on setting up a formal private equity investment programme and on why it’s so important, on the necessary balance of taking top-down and bottom-up approaches to fund selection and on why she expects to be pleasantly surprised. |
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Institutional investor profile: Austin M Long III, Managing Partner, Alignment Capital Group 19 Nov 2003. Source: AltAssets. Long on the difference between a series of pleasant meetings and building a portfolio, on the persistence of performance among private equity managers, on faith in financial markets and on avoiding conflicts of interest. |
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Institutional investor profile: Ronald Sandquist, Managing Director - Private Equity, Advantus Capital Management 03 Sep 2003. Source: AltAssets. Sandquist on telling the bad news as well as the good, on being passionate about building businesses, on the tricky business of judging a fund by its track record, on the irritations of management fees and on patient investing. |
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Institutional investor profile: John Hess, Chief Executive Officer and Director, Altius Associates 09 Apr 2003. Source: AltAssets. Hess on why manager selection is not astrophysics, on the persistence of outperformance, on what it will take to drive the European secondaries market forward and on the difficulties of secondary buy-outs for investors. |
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Institutional investor profile: James Pitt, Managing Director, Primary Fund of Funds, AXA Private Equity 22 Jan 2003. Source: AltAssets. Pitt on the attraction of small, regional funds, on the inherent inertia in private equity investing, on the living dead of the asset class and on faddish funds. |
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Institutional investor profile: Luc Maruenda, Managing Director, AGF Private Equity 27 Nov 2002. Source: AltAssets. Maruenda on why he likes to meet as many teams as possible, on remaining objective during fund selection, on why investors should not be lowering their return expectations and on know-it-all newcomers to the industry. |
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Institutional investor profile: Daniel Barr, chief analyst, AP7 25 Mar 2002. Source: AltAssets. Barr on consistency of performance, on why private equity doesn't offer you the diversification many people have claimed, on the benefits of diversification and on why general partners won't be able to continue charging higher fees than is the standard in other asset classes. |
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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.
Peter Derendinger on Central and Eastern Europe, on managers with a regional focus, on market correction, on the appeal of co-investments and on the dangers of financial engineering.
Melissa Ma on the rise of Asian private equity, on the benefits of local experience, on the case for risk-adjusted return and on the importance of a diversified portfolio.
Sergey Sheshuryak on the focus of Adams Street Partners' annual funds of funds, on people matters, on expanding into new territories, on secondaries investing and on the effects of the credit crunch.
Arne Trondsen on the rise of private equity in Norway, on the need for new fund managers in the country, on the benefits of local knowledge, on due diligence and on supporting other LPs.