Contenu
PRAISE FOR
THE ART OF COMMITMENT PACING
"Every institutional investor should read Meyer's The Art of Commitment Pacing, the only book systematically discussing the challenges in allocating to private capital, a lumpy, illiquid, and opaque asset class. Meyer eloquently provides state-of-the-art practical solutions to help asset allocators build up and maintain allocations to private assets. This book is an essential guide to an institutional asset allocator's most important decision."
--Hossein Kazemi, Ph.D., CFA, Philipp Professor of Finance at Isenberg School of Management, Editor of the Journal of Alternative Investments, and Senior Advisor to the CAIA Association and the FDP Institute
"Private markets are now a staple of institutional asset allocations. As a result, fundamental questions have come to the fore that academic literature has fallen short of addressing. Thomas Meyer offers practical solutions, the perfect mix of theoretical and practical insights, in a series of synthetic and accessible chapters for knowledgeable practitioners. This is well-invested time that will pay off over the long term."
--Cyril Demaria, Head of Private Market Strategy at Julius Bär, Affiliate Professor at EDHEC, Author of Asset Allocation and Private Markets, and Introduction to Private Equity, Debt and Real Assets
"This book is a game-changer for investors in private capital, offering unprecedented insights and practical models to master commitment pacing and risk management."
--Jason Scharfman, Managing Partner Corgentum Consulting.
"Thomas has condensed the art and science of commitment pacing into a rigorous yet pragmatic guide, filling a huge gap in the finance literature - a must read for all LPs."
--Andrea Carnelli Dompé, PhD. CEO & Co-founder - Tamarix Technologies
"Commitment pacing is one of the hidden gems in the toolbox of every private equity fund manager. Historically it has lagged in terms of research and literature focus versus fund manager selection or due diligence. Thomas Meyer levels the playing field by focusing on this often overlooked subject. If you want to move from simplistic commitment pacing models to rigorous forecasting in a portfolio of private equity funds, this is a book for you."
--Ignacio Larrú Martínez, General Partner at Kanoar Ventures SGEIC, SA
"With the growing allocation to private equity by Japanese institutional investors, The Art of Commitment Pacing provides a very useful weapon for them to build a sophisticated investment program. We live in a volatile investment environment and managing a private equity portfolio that lacks liquidity is not an easy task. This book helps investors to overcome their challenges."
--Kazushige Kobayashi, Managing Director, MCP Asset Management
"Thomas Meyer delves into the critical risk associated with Private Capital: its inherent illiquidity. Expanding on the concepts introduced in his previous best-selling works, Thomas offers an in-depth exploration of this risk. He provides essential strategies, including commitment pacing, to safeguard institutional investors against potential significant upheavals. This book is an indispensable guide for every investor in private capital looking to optimize their success."
--Pierre-Yves Mathonet, Former Head of Risk, Private Equities Department, Abu Dhabi Investment Authority and former Head of Division, Risk Management, Private Equity, European Investment Fund