eFront, a leading software provider of financial solutions for managing alternative investments, announces that its Pevara division, in partnership with INSEAD, the leading international business school, has launched a new quarterly report for the private equity industry. Entitled the INSEAD–Pevara Private Equity Navigator, the publication aims to become an unbiased reference tool for private equity practitioners, observers and academia.
The Private Equity Navigator is a joint effort of Pevara, the performance monitoring division of eFront and the INSEAD Global Private Equity Initiative (GPEI). GPEI was established to align the school's research and educational capabilities with the practical needs of professionals and INSEAD alumni in the global PE industry.
The publication sets a new standard in assessing the overall activity and performance in the private equity industry by combining a reliable and distinct dataset with the analytical rigour of a top academic institution.
The INSEAD GPEI’s work was based on a data set entirely based on cash flows for 2,650 funds reported by hundreds of LPs on Pevara’s platform, giving it access to a large data sample free from reporting- or self-selection biases. The research output reflects the day-to-day reality of institutional investors, and facilitates the adoption of key findings into their investment decision process.
The inaugural issue of the INSEAD–Pevara PE Navigator presents its findings in three sections. The first section reviews quarterly data for private equity activity levels, performance and variance. The second section explores two hypothetical portfolios, using real data, for the purpose of illustrating the interplay of private equity concepts from an investor perspective. A special third section examines buyout performance in North America and Europe.
“The added value of this report is the combination of independent academic leadership and a unique dataset,” commented Michael Prahl, Executive Director and Head of Research at INSEAD GPEI. “The INSEAD–Pevara PE Navigator is designed to stimulate both discussion and research, as well as to enable our readers to make better allocation decisions.”
“Beginning with this inaugural issue, the PE Navigator strikes a unique new balance,” said Jeremy Hocter, Head of Product Management at Pevara. “It combines the presentation of raw data and minimal accompanying commentary with a more engaging approach to provide insight into key concepts in private equity. We couldn’t be more pleased with the result.”