Ok, so you’ve made it past the presentation stage with your potential private equity investors. You can’t wait to start raising capital for your hedge fund, CTA, or real estate launch.
Your prospects are now doing ther due diligence. How long can you expect to wait? According to Evestment, if you are a first time fund manager, you may expect silence for up 26 days (on average, but who’s average?); and 20 days if you have a seasoned track record.
Some say track record is not so important; don’t believe them: according to the Evestment study, 87% of private equity investors put the most value on a fund manager’s track record. And 59% of private investors thought that meeting your finance team was critical in making that evaluation. For more detail, see the infographic below: