TIFF members and prospective members tend to ask penetrating questions when faced with hard decisions on whether or how much to allocate to private investment opportunities that hold at least the prospect of a meaningful return premium over public equities. One of the most interesting arose in a recent conversation when a member asked us: Do we feel we are getting access to the managers we want?
This question seems simple, but a complex set of elements are packed into the answer. A thoughtful response might survey the available universe of managers, but more importantly it must address our own manager selection process and how we allocate our time and resources. We are vigilant about understanding whether our approach is drifting into conventional thinking about access in the private equity domain or whether we are continuing to execute a distinct process tailored to best serve our members’ long-term interests.This is an excerpt from a longer article. Please download the PDF to read more.