New Venture Capital Mandate
March 5, 2009
A wealth advisor based in Germany runs several large funds of private equity funds, with a combined AUM of €5 billion. At this time, it is looking to allocate to venture capital funds by August 2009. The management team should have a track record, however, it may be a new fund. Also, a potential fund should have returns in the top quartile. While the fund may be domiciled either onshore or offshore, the firm is primarily looking for regional funds in the U.S., Canada, Europe, and emerging markets. The due diligence process is rather long and extensive since the firm works with several umbrella firms that have input into its investment process. The typical allocation ranges from €1 to €8 million.