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Posts Tagged ‘management’

Open, for business… Private equity firms and transparency

April 21, 2010 3 comments

[tweetmeme source=”mattcg” service=”bit.ly” only_single=”false”]

As promised, I’ve uploaded a pdf of the first article on IE Consulting’s new research into the way that GPs are communicating and how open they are to inbound communication. You can access it below:

This first installment looks at some of the absolute basics of open communication: How easy is it for an interested party (press, Limited Partner, intermediary, etc) to find contact details for individuals within the firm.
Sorry I couldn’t get it to embed properly!
“Open, for business?” full article on docstoc.com
The next piece in Private Equity Europe will lok at the thematic content of prtess releases from buyout investors in Europe since January 2006. And there will be more in the coming weeks, so watch this space…

How transparent are private equity fund managers really? What do you think?

April 20, 2010 5 comments

[tweetmeme source=”mattcg” service=”bit.ly” only_single=”false”]Private equity fund managers have been under pressure in recent years to improve both the reporting they undertake to their institutional investors and the transparency with which they operate, in general. Government, regulators, the press, Limited Partners: they all want to know more about the activites of GPs. My colleagues and I at IE Consulting have spent some time looking at the press releases of the most active General Partners in Europe.

We looked at:

  • The access provided to dealmakers and communications staff through their websites
  • The thematic content of all press releases issued since January 2006
  • The quantitative and qualitative content of all press releases pertaining to buyout investments issued in the last 12 months
  • Some of the results were surprising, some disappointing, some encouraging, and some downright astonishing.

    The results will be published in Private Equity Europe and the first installment is out at the end of this week.

    Of course, I’ll be uploading the information here, too!

    In the meantime, I’m interested in your thoughts:

    Should private equity firms be more transparent?
    If so, are they trying hard enough?
    And how successful are they being?

    Perhaps you work at a GP in a marketing or communications or PR role or you are a journalist, regulator or LP. Either way, I am sure you have some interesting thoughts on this. Let me know in the comments!

New group for PE and VC-backed managers

March 29, 2009 Leave a comment

Private Equity and Ventue Capital Backed Managers Group

The fundraising and fund investment group I started on LinkedIn two weeks ago now has over 450 members – a special welcome to the 450th member Hal Morimoto. Hal is a great guy and knows more about the investment habits of LPs in Japan than is probably healthy.

Considering the amount of traffic that I know has been passing between members in direct messages, away from the open discussion forum, I wondered if there wasn’t another group not properly served by the plethora of, nominally, at least, private equity and venture capital groups on LinkedIn.

IE Consulting and Incisive Media are owned by Apax Partners and I have now set up a group for:

  • Managers of currently or previously Private Equity and Venture Capital backed businesses
  • Managers and senior industry professionals that would like to work at a PE or VC backed business (either their own – as a buyout – or at someone else’s -a Management Buy-In)
  • Professionals that can facilitate this (specialist PE/VC management recruiters, sell-side advisory groups)

The idea is not to create some kind of deal flow network (in fact, no GPs (PE or VC) will be admitted); I think individuals looking to broker or invest in opportunities in Kazakh hairdressing or GPS technologies in Surinam are more than adequately served by LinkedIn groups already…
Rather, I want to provide a safe place (remember: no GPs!) where managers can share experiences and help each other make the most of the opportunities afforded, whilst avoiding the potential pitfalls.

I hope we will cover relationships and communications (with financial sponsors, staff and customers), how to best access and take advantage of the resources and assistance available from your financial sponsor and much more.

Anyway, I hope to see you in the group!