Today, the primary focus is to increase exposure to traditional private equity funds and venture funds.
Objective
The private equity portfolio serves to complement the public equities portfolio. With proper manager selection based on our investment criteria, and vintage year diversification, we believe private equity is likely to offer attractive return premiums. In addition, private markets offer exposure to parts of the economy that public markets do not, and private equity is well suited to tap into these and accelerate value creation.
Philosophy and approach
Our strategy is to focus on mature, well-established fund managers who predominantly invest in Western Europe and the US, while limiting the amount of GP relationships. We seek consistent return premiums rather than exposure, are strong believers in proven fund managers and employ a long-term high conviction fund picking approach.
Investment Criteria
- Differentiated investment strategies
- Active ownership with clear operational and/or strategic value-add
- Well established and stable management teams
- Proven and time tested track records
- US & Europe only (global mandates also considered)
- Predominantly control investments
Our average commitment size is EUR 75m - EUR 100m. In certain cases, smaller amounts can be considered.