PRINT THIS PAGE The emergence of large funds
03/04/2002. Source:Capvent. Varun Sood and Tom Clausen
Average fund size rose dramatically throughout the 1990s, but the lack of opportunities for mega-funds means that there is a question mark over their future performance, say Varun Sood and Tom Clausen of Capvent. Institutions should now be looking at the large numbers of sub $250m local funds in the US and Europe, they argue.
Investors' ability to negotiate terms, a wealth of experienced management and consistent strategies are just some of the reasons that institutions should consider committing to smaller funds, the authors say.
Copyright © 2002 Capital Venture Partners AG
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Capvent (Capital Venture Partners AG) is a fund of funds management and advisory organisation founded in 2000 as MTECx Advisers AG, which focuses exclusively on the institutional investor base in the US, Europe and the Middle East. Capvent focuses on strategies to add value to the portfolios of existing private equity investors, and has invested or recommended investments in several funds in the United States and in Europe. It invests in primaries, secondaries and in investment trusts. The firm considers itself as one of the few that focuses on using investment resources via expertise gained from direct investing with or alongside private equity, as opposed to a generalist asset management approach. For more information please visit www.capvent.com
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