Module 5: Monitoring
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Join our expert faculty as we take a closer look at best practices around monitoring processes including reporting requirements and post-investment fund and manager diligence.
Key topics to be discussed include:
- You’ve made a commitment to a GP… now what?
- What periodic disclosures do you expect from GPs and are there any guidelines to follow in determining what and how GPs report?
- What else is involved in maintaining an ongoing relationship with GPs? Site visits? Interviews?
- How closely should you monitor the performance of underlying portfolio companies versus an overall fund?
- How do macro events, such as political or currency volatility in a GP’s region of operation, factor into monitoring activities?
- Are there any red flags you watch for in the monitoring process, either at the fund or manager level?
- What happens if a fund isn’t performing?
Jacob Chiu, Managing Director, HQ Capital
Jacob Chiu is a Managing Director and head of Asian private equity fund manager research and co-investments for HQ Capital, a leading global independent alternative investment manager. Previously, he was a Partner with FLAG Squadron Asia where he was responsible for overseeing investments in China and pan-Asian-focused funds. Prior that, Mr. Chiu was a Managing Director of Search Investment Group, a family investment office, with responsibility for direct investments and funds in China. He previously held senior operating and financial management roles with Glaxo, Kraft Foods Asia Pacific and TigerPack. He holds an MSc in Financial Management from the University of London.
Bernard McGuire, Managing Director, 57 Stars
Prior to his time at OPIC, Mr. McGuire spent several years in Sydney, Australia as Managing Director of Tigerex, Ltd., a global electronic securities trading network for wholesale broker-dealers. From 1992 to 2000, Mr. McGuire executed and managed venture capital and private equity transactions in Asia while living in Hong Kong and Beijing, China.
Lynn Nguyen, Managing Director, Overseas Private Investment Corporation (OPIC)
Ms. Nguyen is a Managing Director in the Investment Funds Department (IFD) at the Overseas Private Investment Corporation (OPIC). OPIC is one of the largest private equity fund sponsors in developing nations, providing support for the creation of privately-owned and managed investment funds. Since 1987, IFD has committed $4.1 billion to 62 private equity funds in emerging markets since 1987. These funds in turn have invested $5.6 billion in more than 570 privately-owned and managed companies across 65 countries.
Richard Rincon, Director, Emerging Markets, University of Texas Investment Management Company (UTIMCO)
Richard Rincon is an Emerging Markets (EM) investment officer at UTIMCO, where he helps lead the endowments’ global emerging markets private equity investment activities. He is responsible for monitoring a portfolio of investments as well as sourcing, assessing, and executing new investment opportunities. Prior to joining UTIMCO, Richard co-founded Grace Equity, an independent private equity sponsor making middle market buyout and growth equity investments. Previously, Richard was Vice President at HCP & Company, a lower middle market private equity firm, where he was responsible for origination, execution, and portfolio management activities across the business services, consumer products, and media sectors, as well as, the broader U.S. Hispanic and Latin American markets. He began his career as a corporate and investment banking analyst at ABN Amro Bank. Richard received an MBA from Northwestern University, Kellogg School of Management and a BA in Economics and Political Science from the University of Michigan, Ann Arbor.
Moderator: Molly Brister, Manager, Research, EMPEA
Molly Brister is a Manager of Research at EMPEA, where she leads the organization’s coverage of Africa and the Middle East and manages the production of EMPEA’s research portfolio. Molly is a regular author of EMPEA research content, including the EMPEA Brief: First-time Funds in Emerging Markets and the EM PE Annual Fundraising and Investment Review 2014. Molly also manages EMPEA’s HelpDesk offering, interacting regularly with EMPEA Members, the media and other industry players. Prior to joining EMPEA, Molly worked at the Center for International Private Enterprise, where she supported a range of projects that focused on property rights, corporate governance and entrepreneurship. Molly graduated magna cum laude from Middlebury College with a B.A. in International Studies.
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Module 5: Monitoring