The Investment Committee in Private Equity: A Powerful Tool for Emerging Market Fund Managers

Nicholas B. Callinan

Chapter Chapter 6 in Private Equity in Emerging Markets, 2012, pp 65-74 from Palgrave Macmillan

Abstract: Abstract The essence of managing private equity lies in exercising judgment. Key decisions must be made under the pressure of time, with incomplete information, and in the face of many uncertainties. The private equity (PE) professionals themselves are constantly exercising judgement—about whether to pursue a particular deal, about the people and the markets, and about whether a reasonable deal may be negotiable within a reasonable period of time. However, the key decisions in the chain leading to an investment being made—or dropped—are usually made by the fund management firm through a process that is more or less formal. If fund management is a matter of finding, making, and managing investments in private companies, it is the “making” part that holds the key to the success of the portfolio. That’s where the investment committee (IC) adds its value.

Keywords: Initial Public Offering; Private Equity; Fund Manager; Investment Process; Private Equity Fund (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30943-3_6

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DOI: 10.1057/9781137309433_6

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