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Some highlights of the programme:

• "Hostages to fortune: the problem of LPs and GPs being misaligned" – presentation by Eamon Devlin, MJ Hudson
• "Making heads and tails of private equity risk: A distribution-based approach" – presentation by Avi Turetsky, Landmark Partners
• "Quantitative strategies for private equity portfolio construction" – a presentation by Sofia Gertsberg, HarbourVest
• "Is it worth trying to time private equity allocations?" – a presentation by Tim Jenkinson, Saïd Business School, Oxford University

A further pre-dinner talk on 22 November by Hans Lovrek, Commenda Private Equity Consulting will shed some light on medieval Venice: "The Commenda – risk financing in medieval Venice".

The Symposium's programme can be found here. Registration is possible here.

We are looking forward to seeing you again in Oxford in November!

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Ten years later we have sufficient data to analyse the behaviour of European buyout funds that went through these difficult times. The objective of this paper is to measure how funds that deployed their capital in an environment characterised by a supportive economic growth, low interest rates (it was the feeling at that time), high leverage and ever increasing asset prices, reacted to the economic storm that was unleashed in the fall of 2008.

While the group of selected funds as a group confirm intuitive results, the underlying patterns show a very different story.It is imperative that decisions are made on the basis of solid analyses.

The transition matrices resulting from these analyses are of prime importance for the models used by LDS Partners. Projections of expected future returns, of liquidity profiles and the stress testing of portfolios of funds have a much higher likelihood of mirroring the future reality.

The full article can be read here