LP Profiles Archive > 2002 Institutional investor profile: Peter Schwanitz, Managing Director/Geschäftsführer , Oppenheim Private Equity Manager 18/12/2002. Schwanitz on the consolidation of the fund of funds market, on the value of honesty, on why management fees should be lowered, on the disappointment that is the German market and on learning from your mistakes. Institutional investor profile: Mark Weisdorf, Vice President, Private Market Investments, CPP Investment Board 04/12/2002. Weisdorf on investing over truly long-term horizons, on putting together a totally new portfolio, on why CPPIB wants to disclose information on its private equity investments and on the subject of diversification. Institutional investor profile: Luc Maruenda, Managing Director, AGF Private Equity 27/11/2002. 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. Institutional investor profile: Katja Salovaara, Portfolio Manager, Ilmarinen Mutual Pension Insurance Company 20/11/2002. Salovaara on the dangers of buying macro stories, on why secondaries have been risky over the last couple of years, on the incompleteness of IRRs, and on why the private equity industry should be beyond inconveniencing its investors by now. Institutional investor profile: George R Anson, Managing Director, HarbourVest Partners 13/11/2002. Anson on the impact of fund size on performance, on the current attraction of mezzanine, on the transparency debate and on what the future holds for levels of returns from private equity. Institutional investor profile: Gordon Hargraves, Vice President, Rho Fund Investors 04/11/2002. Hargraves on the attractiveness of the Japanese market, on the unattractiveness of emerging markets, on the push for disclosure and on why that's a good – and a bad – development for GPs and LPs. Institutional investor profile, Martin Anthonsen, Chief Investment Officer, Nordic Alternative Investment Advisors 29/10/2002. Anthonsen on why Nordic spun out of Lansforsakringar, on the importance of alignment of interests, on the scalability of private equity and on why fees will come down. Institutional investor profile, Leif Hasager, Senior Vice President, Bank//Pension 23/10/2002. Hasager on why GPs and LPs are over-optimistic about their returns expectations, on the mixed quality of funds of funds, on why some investors shouldn't even bother with private equity and on the prospects for the asset class in emerging markets. Institutional investor profile, David Chamberlain, Managing Director, Private Equity, Unigestion 15/10/2002. Chamberlain on why investing in a private equity fund is similar to investing in a public company, on the lack of clarity in portfolio valuations, on the importance of acting quickly when things are going wrong and on the potential influence of hedge funds on private equity. Institutional investor profile: John Brakey, Head of Alternative Investments, Macquarie Bank 08/10/2002. Brakey on the importance of vintage year diversification, on the peculiarities of the Australian private equity market, on why he steers clear of corporate investors and on the dangers of crossover funds. Institutional investor profile: Markus Ableitinger, Private Equity Investment Management, RMF Investment Group 02/10/2002. Ableitinger on the force for professionalisation, on the dangers of going native, on the constant nature of private equity and on why luck is running out for many firms. Institutional investor profile: Colin Wimsett, Managing Director, Europe, Pantheon Ventures 24/09/2002. Wimsett on never saying never, on box ticking, on avoiding the cookie-cutter approach to investing, on the evolution of control and strategy in private equity firms and on why venture capital is not a one-way bet. Institutional investor profile: Stefan Hepp, CEO and Founding Partner, Strategic Capital Partners 17/09/2002. Hepp on the bulging secondaries market, on the risks of niche investing, on the dangers of over-commitment and on why many institutions will simply stop investing in private equity over the medium term. Institutional investor profile: Varun Sood, Founder and Managing General Partner, Capvent 10/09/2002. Sood on offering a service rather than a product, on the dangers of relationships in private equity, on why the principle of adverse selection applies to the asset class and on being exceptionally critical. Institutional investor profile: Clint Harris, Managing Partner, Grove Street Advisors 04/09/2002. Harris on the problem with traditional gatekeepers, on adding value to investors and private equity firms, on why today's leaders may not be the stars of tomorrow and on how the market has changed over recent years. Institutional investor profile: Hamish Mair, Director, Private Equity, Martin Currie 28/08/2002. Mair on Continental Europe's future promise, on the risk of one-man bands, on the winners and losers of consolidation, on why track records don't tell the full story and on the weight of money currently in the market. Institutional investor profile: David White, Treasury Manager, BOC Group 21/08/2002. White on why private equity jargon makes people suspicious, on why chopping and changing in private equity causes problems, on why private equity's high level of fees causes difficulties for pension funds and on why hedge funds are a no-go area for BOC. Institutional Investor Profile: Thomas Kubr, CEO, Capital Dynamics 14/08/2002. Kubr on the difficulties for non-US investors of committing to private equity, on why the industry is suffering from unjustified fright, on why secondaries trading will never be vibrant and on why private equity is all about successful selling. Institutional investor profile: Stefan Herzog, Managing Director, VCM 07/08/2002. Herzog on the dangers of subjectivity in the fund selection process, on why private equity is not scaleable, on why there will be a wholesale market correction and on why capital overhang is one of the industry's biggest issues. Institutional investor profile: Tim Cruttenden, Senior Investment Manager, VenCap International 31/07/2002. Cruttenden on why US venture is an exciting area at the moment, on why Europe is coming of age, on why there is no substitute for experience in private equity and on why mentoring matters in private equity. Institutional investor profile: Urs Wietlisbach, Partner, Partners Group 24/07/2002. Wietlisbach on why private equity funds of funds are about more than partnership picking, on the increased bifurcation between smaller and larger groups, on the value of spotting mistakes early and on how survival of the fittest now applies to the private equity market. Institutional Investor Profile: Catherine Lewis, Founding Partner, Proventure 17/07/2002. Lewis on why Western Europe is the place to be, on the difficulties of fundraising, on the tightening of capital, on why many funds of funds will disappear and on the way in which many investors will lose money in private equity. Institutional investor profile: Luigi Santambrogio, Managing Director, Brederode (UK) 10/07/2002. Santambrogio on why secondaries may not be all they're cracked up to be, on the advantages of co-investing, on why private equity is more art than science and on why he hopes the asset class remains an inefficient market. Institutional investor profile: Maurice Simons, Portfolio Manager, Private equity, SPF Beheer 03/07/2002. Simons on why private equity isn't a diversifying investment, on differentiation between funds of funds, on getting in with the right managers and on why private equity suffers from an image problem. Institutional investor profile: Scott Delman, President, Capital Z Investment Partners 25/06/2002. Delman on being a value-added investor, on succession problems, on why we'll see no more mega-funds, on the fragility of limited partnerships, on managing expectations and on the importance of secondaries. Institutional investor profile: Lauge Sletting, Managing Director, Partner, Nordea Private Equity 18/06/2002. Sletting on theme-based investing, on the dangers of timing private equity markets, on why mistakes turn out to be blessings in disguise, on the increasing length of time to exit and on the decreasing focus on the liquidity premium. Institutional investor profile: Wayne Harber, Managing Director, Hamilton Lane 12/06/2002. Harber on why Europe is exciting, on inaccurate performance figures, on aggressive GPs and on being realistic about your return expectations. Institutional investor profile: Donald Kendall, Managing Director and CEO, K2 Capital 05/06/2002. Kendall on the market's return to normality, on misleading performance information, on cycles of success, on limited partner revolts and on why they won't happen. Institutional investor profile: Fabrice Lepeltier, Partner, SG Asset Management 29/05/2002. Lepeltier on the importance of in-depth industry knowledge, on the relationship between limited and general partners, on why limited partners should talk more to each other, on not-so-smart money and on the drawbacks of investing in independent groups. Institutional investor profile, Jan Faber, Head of Fund Investments, Henderson Private Capital 22/05/2002. Faber on entrepreneurial private equity groups, on why a downturn is the best time to spot the best managers, on the concentration of capital in a few large funds and on fighting yesterday's battles. Institutional Investor Profile: Topi Piela, Director, Finvest 08/05/2002. Piela on the importance of teamwork, on why venture is harder work than buy-outs, on the correlation between public and private equity and on keeping portfolio company managers motivated in a downturn. Institutional investor profile: Emmeram von Braun, general partner, von Braun & Schreiber 01/05/2002. Von Braun on secondaries investing outside the auction arena, on the demise of some of private equity's brand names, on the importance of investing consistently and over the long term and on the contraction of firms in the market. Institutional investor profile: Ad van den Ouweland, managing partner, Robeco Private Equity 24/04/2002. Van den Ouweland on the consistency of performance, on avoiding mediocre funds, on decreasing expected returns and on moving private equity from a product-based industry to a service-based one. Institutional investor profile, Ari Jauho, vice president, private equity and venture capital, Pohjola Group Insurance Corporation 17/04/2002. Jauho on the rise of private equity investing in Finland, on the importance of stock-picking in the asset class and on the vagaries of valuations. Institutional investor profile: Jos van Gisbergen, director of alternative investments, MN Services 10/04/2002. Van Gisbergen on why European private equity will outperform the US market, on the pitfalls of investing in mezzanine, on the difficulties of finding distressed opportunities in Europe and on why management fees will never come down. Institutional investor profile: Rhonda Ryan, senior director, alternative investments, Clerical Medical 03/04/2002. Rhonda Ryan on the importance of teamwork, on the operational-financial mix, on the dangers of sector specialisation and on the thorny issue of succession problems. Institutional investor profile: Daniel Barr, chief analyst, AP7 25/03/2002. 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. Institutional investor profile: Wim Borgdorff, managing partner, NIB Capital 19/03/2002. Borgdorff on the benefits of a top-down approach to investing, on the value-adding myth and on the ways in which private equity's increasing maturity affects general and limited partners. Institutional investor profile: Jens Bisgaard-Frantzen, managing director, ATP Private Equity Managers 12/03/2002. Bisgaard-Frantzen on becoming an investor of choice, on rock-bottom valuations in the US, on what it means to add value and on seeing beyond the distortion created by the last few years. Institutional investor profile: Bernd Kreuter, director private equity, Feri Alternative Assets 06/03/2002. Kreuter on developing an objective basis for private equity investing, on the emergence of new firms, on the lack of activity in the German market and on creating transparency. Institutional investor profile: Gunther Pamberg, president, Alcyon 26/02/2002. Pamberg on borrowed track records, on the unrealistic sales pitch of the self-funded private equity investment, on where IRRs are heading and on the industry's walking dead. Institutional investor profile: Richard Hotchkis, Cooperative Insurance Society 19/02/2002. Hotchkis on what adding value really means, on why no-one has to be in private equity and on why the issue of management fees just won't go away. Institutional investor profile: John Porter, Hamburgische Landesbank 12/02/2002. Porter on the current state of the German private equity market, on securitisation and other ways of attracting new investors to the asset class and on the importance of bottom-up selection. Institutional investor profile: Sandra Robertson, head of alternative assets, Wellcome Trust 06/02/2002. Robertson on why some venture capitalists earn their fees and carry and others don't, on the current capital overhang and on the transparency debate and where it's heading. Institutional investor profile: Tim Jones, investment director, Coller Capital 30/01/2002. Tim Jones on Coller's recent Lucent deal and why that is unlikely to be the last of its kind, on chasing financial tornadoes and on why he thinks that secondaries deal flow is about to explode. Institutional Investor Profile: Dominik Meyer, partner, Swiss Life Private Equity Partners 23/01/2002. Swiss Life Private Equity Partners is a fully owned subsidiary of Swiss Life and manages several private equity portfolios, including the ones for the Swiss Life group and Private Equity Holding. SLPEP currently has E2.6bn under management with a further E550m in commitments. Institutional investor profile: Jeremy Golding, founder and managing partner, Golding Capital Partners 16/01/2002. Golding Capital Partners is a Munich-based fund of funds investment manager and advisor founded by Jeremy Golding. Working with private and institutional investors on private equity and venture capital transactions in Germany since 1999, Golding has advised on or committed funds to the value of almost E100m over the last 18 months. He has over 18 years experience with multinational corporations such as GE, BCG and KPMG. Institutional investor profile: Joel Romines, founder and managing principal, Knightsbridge Advisers 08/01/2002. Established in 1983, Knightsbridge Advisers now has $1.4bn under management, split between early stage venture capital funds of funds and post-venture funds, which invest in post-IPO, venture-backed companies. Initially founded in London, the firm moved to the US in 1992.