White Papers

White Papers

Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report: April, 2016

pevara logo
In this eighth edition of the INSEAD-Pevara Private Equity Navigator we review annual PE fund activity and provide an update on PE-related research at INSEAD. Institutional investors continue to be concerned with the “3Cs”: China, Commodities & Currencies. Our comments on private equity in China in the Navigator’s September edition kindled interest – and surprise – among our readers, so we decided to add to the discourse with a deeper analysis of China PE dynamics.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report: September, 2015

pevara logo
In addition to a review of global PE fund activity and PE-related news and research at INSEAD, we put the spotlight on private equity in China, with up-to-date performance figures for a more robust assessment in contrast to the anecdotal discussion in the broader business media.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report – April, 2015

pevara logo
This edition introduces a new format in response to feedback from our readers. Adding to the quantitative reporting on the state of the private equity industry in previous issues, we have included sections that highlight the latest research by INSEAD’s Private Equity Centre, as well as PE-themed teaching and events at INSEAD.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report – December, 2014

pevara logo
In this edition, INSEAD reverts to a more succinct quarterly report that focuses on industry metrics through the third quarter and the evolution of our model portfolios of private equity investments.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report – September, 2014

pevara logo
Following two ‘intermediate’ quarterly reports that focused on key changes in the market quarter-on-quarter, the availability of half-yearly figures means this report is more comprehensive and delves into a wider range of issues relating to private equity, such as for the first time fundraising and geographic reporting of numbers.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


How to Create a Compliance Framework Using FrontGP – July 2014

For the private equity industry, compliance is an area that may not assert itself as a critical topic on a day-to-day basis. Compliance, when disregarded or ignored, tends to assert itself to a level of definitive urgency. But employees in the firm now carry on personal responsibility for compliance areas. Large sums are spent to obtain appropriate compliance, and they recognize that despite their best efforts to run the business efficiently, ethically and legally, they need technology to help in this area.

Read our white paper to know more about the creation of a compliance framework

Click here to download the white-paper


Private Equity Navigator: Private equity analysis from Pevara & INSEAD’s Global Private Equity Initiative – Quarterly Report – March, 2014

pevara logo
As a result of research activities and engagement with industry players and students in the classroom, INSEAD regularly encounters requests for data on activity and performance in the private equity industry. In the absence of a standard index for this asset class, they suggest various sources, each with its own pros and cons. However, different sources work with different sets of data, making it difficult to compare performance without access to the underlying fund and transaction data.

It is therefore in pursuit of the clarity that so often eludes practitioners, industry observers and academics that INSEAD and Pevara are launching the quarterly INSEAD–Pevara Private Equity Navigator.

Click here to download the white-paper

About INSEAD Global Private Equity Initiative
The Global Private Equity Initiative (GPEI) drives teaching, research and events in the area of private equity and related alternative investments at INSEAD, one of the world’s leading business schools (www.insead.edu). It was launched in 2009 to combine the rigour and reach of the school’s research capabilities with the talents of global professionals in the private equity industry.


Tools and Best Practices for Improving the Valuation Process – December, 2013

During the past decade, the private equity industry has changed radically and one of the areas of greatest change has been the valuation process. New regulations, like AIFMD and the Dodd Frank Act, combined with increased scrutiny from investors, have put GPs under unprecedented pressure to deliver reliable and timely valuation reports.

Now more than ever, valuations must be accurate, transparent and, most important, defensible. Consequently, GPs are turning to technological solutions, which themselves require evaluation and the development of best practices.

Now is the best time to evaluate the accuracy and transparency of your performance management and valuations methodologies.

Read our new whitepaper “Tools and Best Practices for improving the Valuation Process” to learn new best practices for leveraging technology to streamline this critical process.

Click here to download the white-paper

This white paper reveals the significant benefits of adopting valuation technology best practices, while remaining focused on finding and managing investments for higher returns.


Harnessing Data for Deeper Insights – October, 2013

Returns from alternative investment funds continue to outpace the more mainstream asset classes. Fund raising is still a challenge, but this higher earning potential means that investors are generally looking to increase their allocations to alternatives. At the same time, they are reducing the number of partnerships with fund managers.

These factors mean investors now need more information on risk, exposure, performance, and deal flow in order to better select, monitor, and manage their investments.

How can LPs collect, normalize, aggregate and analyze so much data with minimum manual effort?

Click here to download the white-paper

This white paper examines the growing need for enhanced analysis of alternative investment portfolios, and how technology can help in harnessing the available data to deliver the level of analysis and intelligence required to reach these goals efficiently.


Conquering Complexity in Achieving AIFMD Compliance – September, 2013

The Alternative Investment Fund Managers Directive (AIFMD) is the most important and complex regulatory process ever faced by the alternative investment industry in Europe. This is also the first such directive deliberately aimed at the private equity industry. It touches every aspect of a fund manager’s business and puts a premium on information capture, management and communication.

How can you address AIFMD transparency requirements? Read this paper to know more about how FrontInvest offers features and capabilities that directly answer important AIFMD chapters.

Read more…

Click here to download the white-paper

This paper is written by Flyzone and offers a very pragmatic approach to the AIFMD complexity, an approach inspired and informed by real-life experience.

About FLYzone B.V.
Flyzone provides advice and support services for Alternative Investment Operations. From assessment portfolio and change management to implementation and post operational support. Founded in 2003 and based in the Netherlands, Flyzone is about one thing, and one thing only: making decisions. With its independent Alternative Investment Operations Consulting, Flyzone guides their clients from a hard impact to a soft landing. Steering their business requirements towards system implementation by minimizing risk of failure and making the right decisions when implementing and optimizing their alternative investment operations.
email: info@flyzone.nl
web: www.flyzone.nl


How to build a FATCA IT platform – July, 2013

An eFront white paper – How to build a FATCA IT platform – details how your organization can build a comprehensive FATCA IT platform to strengthen your AML/KYC processes and get ready for future regulation.

Read more…

Click here to download the white-paper

Understand your options before adapting your IT platform:

  • Different IT architectures based on your existing IT ecosystem
  • Approaches and solutions that fulfill FATCA business requirements
  • Benefits that go beyond FATCA compliance

Contact us to find out more about our FATCA platform


The Real-World Limitations of Private Equity Performance Persistence – July, 2012

This white paper written by Oliver Gottschalg, Professor at HEC and Head of Research at Peracs Ltd, explains why PE investors should always be careful not to make inappropriate investment decisions based on the expectations of performance persistence.

Read more…

Click here to download the white-paper

About the author
Oliver Gottschalg – Strategy and Business Policy Professor, HEC
Oliver Gottschalg holds a Wirtschaftsingenieur Diploma from the University of Karlsruhe, an MBA from Georgia State University and a M.Sc. and Ph.D. degree from INSEAD.

His current research focuses on the strategic logic and the performance determinants of private equity investments. A second stream of work looks at the implications of employee motivation for firm performance in different settings. In parallel to his faculty position at HEC, he is affiliated with INSEAD as a visiting researcher and the coordinator of the HEC Buyout Research program.

Click here to watch PERACS video


Creating more effective operational reporting environments for private investments – April, 2012

This white paper, written by Carol Penhale, President and Founder of Bedford Park Associates, and sponsored by eFront, examines how the industry should: Prioritize needs:

  • External reporting versus internal reporting
  • Cultivate a more robust operational environment for reporting
  • Create the next generation reporting & business environments

Read more…

Click here to download the white-paper

About the author
Carol Penhale is President and Founder of Bedford Park Associates.  She is adept at building rapport and trust with C-level decision-makers and translating business needs to technology challenges and audiences and vice versa. She has an extensive career history across financial services and other industries for comprehensive general business and technology knowledge, especially surrounding the investment management process.

Carol has a B.A. from the University of Toronto, a Certificate in History from the University of Edinburgh and a Diploma in Programming and Systems Analysis from The Institute for Computer Studies.


The historic performance of Private Equity, Taking stock after the crisis – June, 2011

This report, written by Professor Oliver Gottschalg, Professor at HEC and Head of Research at Peracs Ltd., assesses the attractiveness of average and top-quartile private equity investments relative to similar, i.e. equally risky public market investments.

Read more…

Click here to download the white-paper

About the author
Oliver Gottschalg – Strategy and Business Policy Professor, HEC
Professor Oliver Gottschalg is part of the Strategy Department at HEC School of Management, Paris. He serves as HEC’s Academic Director for the TRIUM Global Executive MBA Program, Director of the Entrepreneurship Track in the HEC MBA program, directs the HEC Buyout Research Group and teaches courses on strategy, entrepreneurship, business plan design and management buyouts. He holds a Wirtschaftsingenieur Diploma from the University of Karlsruhe, an MBA from Georgia State University and a M.Sc. and PhD degree from INSEAD.

His current research focuses on the strategic logic and the performance determinants of private equity investments. His work has been published in leading academic journals and in various publications for practitioners and was widely featured in the business press. He regularly presents his research at academic conferences and private equity symposia and serves as an advisor to leading investors in the private equity industry. He is Head of Research at Peracs Ltd. a specialized advisory firm providing advanced private equity fund due diligence and benchmarking services.

Most recently, he served as an advisor to the European  Parliament in the context of the current debate about a possible need for regulation of the Private Equity industry.