Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Track records – if you’ve got one, prepare for an amazing degree of scrutiny in today’s brave new era of transparency. In this kick-off program to a three-part series on transparency in fundraising, Privcap convenes a discussion among three experts, who share their insights into the importance of individual and team track record due diligence, especially when there is a change at the firm – a retiring founder, a spin-out, a transition of any sort. Matthew Pedley, a Principal at The Blackstone Group, Pawan Chatuverdi, a Partner at Altius Associates, and Jennifer Cho Rinehart, Managing Partner at MVision Private Equity Adviserscompare notes and fundraising war stories as they discuss why investors are determined to understand and verify individual team-member contributions to performance, the impact of founders on team dynamics, the delicate task of performing due diligence on spin-out groups, and how succession situations “become a referendum on how institutionalized the practice has become,” as Pedley puts it. This is required viewing for any GP about to hit the fundraising trail and for any LP looking for best practices in due diligence. The segment includes an expert Q8A with Jennifer Cho Rinehart of MVision, the sponsor of this series. Registered users of Privcap may access this 20-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick
