Investment Opportunities in Israeli Cleantech

Total Page:16

File Type:pdf, Size:1020Kb

Investment Opportunities in Israeli Cleantech Investment Opportunities in Israeli Cleantech Water and Energy Solutions Conference December 4, 2008 GOVERNMENT OF ISRAEL ECONOMIC MISSION MINISTRY OF FINANCE 444635.1 Investment Opportunities in Israeli Cleantech Water and Energy Solutions Conference Agenda 444635.1 Agenda Thursday, December 4, 2008 Citi Executive Conference Center, 153 East 53rd Street, 14th Floor, New York City 08:15 – 08:45 AM Registration and Breakfast 08:45 – 09:00 AM Opening Remarks: Zvi Chalamish – Chief Fiscal Officer, Ministry of Finance, State of Israel; Sam Natapoff - Senior Advisor to Governor Paterson 09:00 – 09:20 AM Sven Thesen - Utility Operations & Sustainability Strategy, Better Place 09:20 – 09:50 AM Keynote Speaker: R. Andrew de Pass, Head of Sustainable Development Investments, Citi Alternative Investments 09:50 – 11:00 AM Company Presentations: 3G Solar, AquAgro Fund, BioPetroClean, BrightSource Energy, CQM Moderator: Daniela Bendor – Managing Director, Marco Polo Partners 11:00 – 11:15 PM Coffee Break 11:15 – 12:15 PM Investment Panel Roger G. Ammoun - Cleantech Specialist, Credit Suisse Alternative Investments Northon Melo - Director, Cleantech Practice, Calyon Securities Hillel Milo - Managing Partner, AquAgro Fund Jennifer Pomerantz - Energy Portfolio Manager, Highbridge Capital Management LLC Robert L. Egan - Managing Partner, Environmental Capital Partners LLC Moderator: Andrew C. Peskoe - Partner, Golenbock Eiseman Assor Bell & Peskoe LLP; Israel Cleantech Ventures 12:15 – 01:30 PM Lunch and Keynote: Booky Oren - Former Chairman of Mekorot (Israel’s National Water Company), President and CEO of Miya, an Arison Group company 01:30 – 02:30 PM Company Presentations: HelioFocus, IQWind, Miya – Arison Group, Nirosoft, Power Electronics Systems 02:30 – 03:30 PM Macro Panel Carter F. Bales - Co-Founder and Managing Partner Emeritus, The Wicks Group of Companies, L.L.C. John F. Larkin - Head of Hedge Fund Investing Group - Americas, Deutsche Bank Adam Zellner - Director of Policy, Office of the Governor, The State of New Jersey Moderator: Bruce M. Kahn - Director, Deutsche Bank 03:30 – 03:45 PM Closing Remarks: Divjot S. Narang - Managing Director – SBTIF – NYS Venture Capital Fund at NYSTAR 03:45– 04:30 PM One-on-one meetings 05:30 – 07:30 PM Cocktail Reception: Yale Club, 50 Vanderbilt Avenue, New York City 444635.1 Investment Opportunities in Israeli Cleantech Water and Energy Solutions Conference Organizers and Co-Sponsors 444635.1 Organizers and Co-Sponsors . The Government of Israel Economic Mission, Ministry of Finance . Golenbock Eiseman Assor Bell & Peskoe LLP . Marco Polo Partners . Citibank . Platinum Funding Group . PriceWaterHouseCoopers . NYSE Euronext . America-Israel Chamber of Commerce & Industry . Globes 444635.1 . 444635.1 GOLENBOCK EISEMAN ASSOR BELL & PESKOE LLP Sponsors to follow] Golenbock Eiseman Assor Bell & Peskoe LLP, founded in 1982, is a full-service Manhattan law firm of approximately 50 attorneys. We take pride in our sophistication, experience and ability to take on major engagements for our domestic and international clients while maintaining a hands-on, personalized approach to all of our clients’ matters. Whether representing a venture firm, middle market public or private company, private equity firm, family office or entrepreneur -- based in the United States or Israel -- we offer a broad range of legal services from M&A and securities laws to financing, compensation arrangements, technology transfer and licensing arrangements, joint venture structuring and formation, commercial contracts and transactions, litigation and dispute resolution, real estate and trust and estate planning. We also provide tax advice to foreign clients investing in the U.S. and domestic clients investing abroad. We have a history of providing legal services to Israeli based companies in their U.S. ventures, and our corporate team includes Israeli born attorneys. If you would like additional information about our firm, please contact one of the attorneys listed below. You can also visit our website at www.golenbock.com. Nathan E. Assor Andrew D. Hudders [email protected] [email protected] (212) 907-7333 (212) 907-7349 Lawrence M. Bell Richard S. Kaplan [email protected] [email protected] (212) 907-7370 (212) 907-7376 Jeffrey S. Berger Alexander Kaplun [email protected] [email protected] (212) 907-7393 (212) 907-7382 Leonard Eisenberg Andrew C. Peskoe [email protected] [email protected] (212) 907-7390 (212) 907-7377 Paul B. Hahn Thomas J. Wilson [email protected] [email protected] (212) 907-7338 (212) 907-7365 Lawrence R. Haut Robert B. Zimmerman [email protected] [email protected] (212) 907-7367 (212) 907-7346 © 2008 Golenbock Eiseman Assor Bell & Peskoe LLP. All rights reserved. 437 Madison Avenue Main: 212-907-7300 New York,444635.1 NY 10022 Fax: 212-754-0330 This page contains attorney advertising. Marco Polo Partners is an investment banking firm headquartered in New York, with dedicated advisory teams in key global markets including China, India, Latin America, South America, Africa, Europe and Israel. Our investment banking services include: capital raising, M&A advisory, JVs and strategic initiatives. Marco Polo Partners utilizes the SIX CONTINENTS. institutional relationships of Marco Polo Network that ONE NETWORK. presently connects investors to ZERO BOUNDRIES. approximately 73 exchanges, 52 countries and over 120 leading financial institutions. The NYSE, IFC and Daiwa Securities have ownership interests in Marco Marco Polo Partners Polo Network. Daniela Bendor, Managing Director 75 Broad Street. New York, NY 10004 (O): 1 212 220 2703 (M): 1 646 320 5115 [email protected] www.marcopolonetwork.com 444635.1 Citibank® Commercial Banking Citibank Commercial Banking offers a comprehensive range of financial solutions for small to midsize companies and their employees. We are dedicated to understanding and championing our customers’ business. By leveraging Citigroup’s global resources, expertise, innovation and execution, our dedicated relationship managers help businesses get where they want to go. Citibank is proud to sponsor the Investment Opportunities in Israeli Cleantech: Water and Energy Solutions Conference Zahi Levy Vice President Commercial Banking International Sector - EMEA © 2008 Citigroup444635.1 Inc. Citibank, N.A. Member FDIC. Citibank and Arc Design is a registered service mark of Citigroup Inc. Citi Never Sleeps is a service mark of Citigroup Inc. Platinum Funding Group has been providing financial solutions for more than 16 years to thousands of companies in a variety of industries including consulting, cosmetics, food, import-export, manufacturing, professional services, retail, telecommunications, and technology. Our clients are public and private companies, start ups and well established businesses. Historically, our clients have annual revenues from $2 million to $150 million. Platinum has recently opened an office in the UK, in order to address the growing needs of American and Western European companies. Platinum Funding Group is a true factoring company doing non-recourse, full-notification deals. Our look through mechanism allows us to execute a transaction in a very timely manner (48 hours, at times) while conducting due diligence on the company's debtors' credit stability only without any need for financial statements, balance sheet, personal guarantees and the like. We assist companies that are in their early stage of development, but with annual sales, lacking the required financial statements, thus unable to receive institutional funding. Partnering with us enables these companies to improve their balance sheet and prevent additional dilution to their investors. Moreover, we work with fast growing companies that may use additional working capital in order to meet their growing demand and keep up with their internal liabilities. In addition we finance companies going through a downturn that may not receive funds from a banking institution, or are seeking funds fairly quickly. We offer bridge funding, finance M&A transactions, various buy-outs and creative funding solutions for the closing date by utilizing the Accounts Receivable. We offer PO financing by paying off suppliers through Tri Party agreements. In order to evaluate a deal, all we need to review are the aging report and customer's list for the company. We will be able to reach an informed decision within 2- 3 hours!!! If you would like additional information about Platinum, please contact one of our business development representatives at the contact info below. You can also visit our website at www.platinumfundinggroup.com Dina Niron Bob Hinson SVP Business Development SVP Business Development Dir: 646.315.7216 Dir: 847.398.6874 Cell: 917.667.8222 Cell: 847.902.2213 [email protected] [email protected] Anne Roslin Anna Belkina Business Development Senior Business Development Dir: 646.315.7230 Dir: 646.315.7215 Cell: 732.642.9414 Cell: 401.744.3658 [email protected] [email protected] Santo Caruso VP Business Development Dir: 646.315.7224 Cell: 914.625.9539 [email protected] 444635.1 PricewaterhouseCoopers Israel Kesselman & Kesselman Your gateway to Israel PricewaterhouseCoopers Israel, Kesselman & Kesselman is one of Israel’s senior and largest accounting firms, with offices in Tel Aviv, Jerusalem, Haifa and Beer-Shiva. The firm's clients, both publicly traded and private, represent all sectors of industry and services.
Recommended publications
  • European Technology, Media & Telecommunications Monitor
    European Technology, Media & Telecommunications Monitor Market and Industry Update Fourth Quarter 2012 Piper Jaffray European TMT Team: Eric Sanschagrin Managing Director Head of European TMT [email protected] +44 (0) 207 796 8420 Stefan Zinzen Principal [email protected] +44 (0) 207 796 8418 Jessica Harneyford Associate [email protected] +44 (0) 207 796 8416 Peter Shin Analyst [email protected] +44 (0) 207 796 8444 Julie Wright Executive Assistant [email protected] +44 (0) 207 796 8427 TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Selected Piper Jaffray 2012 TMT Transactions 2 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Contents 1. Internet and Digital Media A. Trading Update B. Transaction Update C. Public Market Trading Multiples 2. Software and IT Services A. Trading Update B. Transaction Update C. Public Market Trading Multiples 3. Communications Technology And Hardware A. Trading Update B. Transaction Update C. Public Market Trading Multiples 4. Equity Capital Markets and M&A Update 3 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS
    [Show full text]
  • Shareholder Meeting
    17 June 2009 HarbourVest Global Private Equity Limited Informal Meeting for Shareholders Welcome Sir Michael Bunbury Chairman, HVPE HarbourVest and HVPE Attendees Sir Michael Bunbury Chairman of HVPE D. Brooks Zug Senior Managing Director and Founder of HarbourVest; Director of HVPE George Anson Managing Director of HarbourVest; Director of HVPE Steve Belgrad CFO of HVPE Amanda McCrystal Head of Investor Relations and Communications for HVPE 2 Agenda I. Welcome Sir Michael Bunbury II. Overview of the Manager – HarbourVest D. Brooks Zug III. HVPE Review Steve Belgrad • Financial Highlights • Portfolio • Commitments and Balance Sheet • Trading and Investor Relations • HVPE Outlook IV. Outlook for Private Equity George Anson V. Summary / Questions and Answers Steve Belgrad 6/1/2009 3 Overview of the Manager – HarbourVest D. Brooks Zug Senior Managing Director and Founder, HarbourVest Director, HVPE Overview of the Investment Manager – HarbourVest Partners Largest Private Independent, 100% owner-managed private equity fund-of-funds Equity Founders began private equity investing in 1978 Fund-of-Funds Manager with Total capital raised over 25 years of $30 billion Experienced, Global 78 investment professionals in Boston, London and Hong Kong Team together with a support staff of more than 140 Focus on three private equity investment strategies: primary Consistent partnerships, secondary investments, direct investments Private Equity Strategy Four principal product lines: U.S. fund-of-funds, non-U.S. fund-of-funds, secondary-focused funds, direct / co-investment funds Demonstrated One of the longest track records in the industry Upper Quartile Achieved by the same professionals that manage the portfolio today Investment Demonstrated top quartile performance across all private equity Performance strategies1 __________________ Note: (1) Where relevant benchmarks exist.
    [Show full text]
  • The Massachusetts-Israel Economic Impact Study
    The Massachusetts-Israel Economic Impact Study 2016 Edition: The Boston-Israel Power Partnership An expanding relationship that generates revenue, jobs, and investment for the benefit of both economies Boston Tel Aviv June 2016 Prepared for the New England-Israel Business Council With support from CJP of Greater Boston Based on research by Stax, Inc. With additional research by TAMID @ Boston University by David Goodtree Table of Contents » Executive Summary ....................................................................................................... 4 » Israeli Innovation Is a Major Driver of the Massachusetts Economy ............................4 » About the Title of This Whitepaper .....................................................................................5 » Israeli Entrepreneurs Choose Boston To Build Global Businesses ..................... 6 » Boston is a Gateway for Israel to U.S. and Global Markets ............................................6 » Revenue ...................................................................................................................................7 » Jobs ...........................................................................................................................................8 » Capital ......................................................................................................................................8 » Acquisitions .............................................................................................................................10
    [Show full text]
  • Appendix D: Securities Held by Funds
    Annual Report of Activities Pursuant to Act 44 of 2010 September 30, 2015 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2015. 1011778 BC ULC / NEW RED 144A ABCAM PLC ACCELYA KALE SOLUTIONS LTD 198 INVERNESS DRIVE WEST ABC-MART INC ACCENTURE PLC 21ST CENTURY FOX AMERICA INC ABC-MART INC NPV CFD ACCESS CIG 10/14 TL 21ST CENTURY ONCOLOGY 4/15 TL ABENGOA SA ACCIONA SA 22ND CENTURY GROUP INC ABENGOA YIELD PLC ACCO BRANDS CORP 32 CAPITAL FUND LTD (THE) ABERCROMBIE & FITCH CO ACCOR SA 361 DEGREES INTERNATIONAL LTD ABERDEEN ASSET MANAGEMENT PLC ACCRETIVE CO LTD CFD 3D SYSTEMS CORP ABERTIS INFRAESTRUCTURAS SA ACCRUED INTEREST FOR PRIVATE 3I GROUP PLC ABILITY ENTERPRISE CO LTD ACCTON TECHNOLOGY CORP 3M CO ABILITY NETWORK 5/14 COV-LITE ACCUVANT 12/14 COV-LITE 2ND 4L TECHNOLOGIES 5/14 COV-LITE ABINGWORTH BIOVENTURE V LP ACCUVANT 12/14
    [Show full text]
  • Quarterly Digest Israeli High Tech Market
    Quarterly Digest Israeli High Tech Market (4th Quarter, 2013) 1 Contents Introduction 3 Report methodology 3 The trends 6 Public Market reopened for Israeli tech companies 6 IT and Mobile are the engines of the local industry 7 Enterprise software is an old-new superstar 8 Chemical industry and new materials 9 R&D centers of multinationals – from Facebook to unknown insurance company- everybody wants boots on the ground 10 Source of technology for Asian giants 10 Future trends – modest prediction attempt 11 Fundraising during Q4 12 IT 12 Biotech 15 Medical technologies 15 Engineering 18 Energy efficiency & clean-tech 19 Mobile 20 IPO Pipeline 24 M&A Deals during Q4 25 IT 26 Medical Technologies 26 Engineering 27 Mobile 29 Investment and Venture Capital in Israel 30 Technologies 37 IT 37 Medical Technologies 37 Mobile 38 Significant trade transaction and other related headlines 40 IT 40 Mobile 42 BioTech 42 Companies of special interest 43 2 Introduction Introduction This digest is an overview of the high tech industry, venture capital and adjusting areas news line of Israeli Hebrew written press and blogs. The main purpose of it is to present an unbiased picture of what is happening on one of the most vibrant technology markets. Usually, every technology start-up is trying to be secretive and not to reveal too much. Significant events in the company life (fundraising, M&A, significant trade transactions and contracts) allow the observers to get a picture of the market, to spot trends, to see where the investors (VC funds) are putting their money and what are strategic players after.
    [Show full text]
  • VC Transactions Polish Market 2019 Summary
    VC transactions on the Polish market 2019 summary Authors PFR Ventures manages 6 fund of funds Inovo Venture Partners is a venture that, together with private investors, capital fund with PLN 200 million of business angels and corporations, assets under management, focused on invest in Venture Capital funds. Their late Seed and Series A investments goal is to provide capital to Polish, across Poland and Central and Eastern innovative enterprises at early stages of Europe. So far, the fund has made 18 development. Currently, PFR Ventures investments in European technology has over 50 funds in its portfolio that companies, with a perspective of have made total of 250 investments. another 15 over the next few years. www.pfrventures.pl www.inovo.vc [email protected] [email protected] Overview Key data for 2019 269 294 transactions executed EUR mln of provided capital 85 8x VC funds engaged increase in transaction value from 2018 VC investments in Poland in 2010–2019 VC investments in mln EUR 350 294 300 mega-round 250 DocPlanner: EUR 80 mln 200 150 100 50 38 36 50 29 29 29 25 10 4 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Mega-round of the DocPlanner company is presented separately as it distorts the statistical overview (see:outlier). Source: Invest Europe (2010-2018) Authors’ comments Aleksander Mokrzycki, Tomasz Swieboda, CFO/COO, PFR Ventures partner, Inovo Venture Partners 2019 will go down in the history of the Polish Venture As Inovo, we've been on the market since 2012, and Capital market. For the first time in 10 years, we have privately we follow the market even longer.
    [Show full text]
  • Israel's Life Sciences Industry IATI Report
    With the support of Israel’s Life Sciences Industry IATI Report 2019 Connecting Israel’s Tech Ecosystem Sponsored by IATI Promotes and Supports the Entire High Tech and Life Science industries with Hundreds of Paying Members Entrepreneurs Academia R&D Centers Hospitals MatureCompanies Israeli Innovation Centers Venture Capital funds Multinational Companies Tech Transfer Start-ups O ces ExchangesStock Development ProvidersService Incubators Economic O ces Private investors Municipalities Connecting Israel’s tech ecosystem To learn more about joining IATI: T: +972 73713 6313 / [email protected] / www.iati.co.il Herzliya Pituach, Israel Connecting Israel’s tech ecosystem Connecting Israel’s tech ecosystem Table of contents Executive summary 4 Israel's Life Sciences Industry 6 Israel Life Sciences Industry by Geographic location 8 Israel Life Sciences Industry Sub-Sectors 12 Healthcare IT and Digital Health 13 Women Health and Femtech 16 Funding 42 Israel High-Tech Funding 42 Israel Life Sciences Sector - Funding 44 Breakdown of life sciences investment sources in Israel 46 Most Active Life Sciences Investors in Israel 51 Israeli Life Sciences companies listed on NASDAQ 55 Tel Aviv Stock Exchange (TASE) 56 Other Stock Exchanges 58 Acquisitions of Israeli Life Sciences companies 60 Government Support 64 Government Initiative 66 Field of Activity 68 Financial Support 69 The most active life sciences incubators: 70 Export of Israeli Life Sciences Products 74 Academic Excellence in Life Sciences - Hub of innovation 77 Commercialization Companies
    [Show full text]
  • Semi-Annual Report
    2SEMI-ANNU 012AL REPORT AND UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 31 JULY Contents 01 Key Highlights and Investment Strategy Key Highlights Financial Summary Features of Investment Strategy 04 Chairman’s Letter 06 Investment Manager’s Review Results for the Six-Month Period Ended 31 July 2012 About HarbourVest Portfolio Portfolio Review Balance Sheet Management and Commitment Ratios Investment Manager’s Review Recent Events 32 About the Board Statement of Directors’ Responsibilities in Respect to the Financial Statement 34 Unaudited Consolidated Financial Statements Consolidated Financial Statements Notes to Consolidated Financial Statements 47 Disclosures 49 Company Advisors COMPANY OVERVIEW HarbourVest Global Private Equity Limited (“HVPE” or the “Company”) is a Guernsey-incorporated company listed on the Specialist Fund Market of the London Stock Exchange and Euronext Amsterdam by NYSE Euronext, the regulated market of Euronext Amsterdam, registered with the Netherlands Authority for the Financial Markets as a closed-end investment company pursuant to section 1:107 of the Dutch Financial Markets Supervision Act, and authorised as a closed-ended investment scheme in accordance with section 8 of the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and rule 6.02 of the Authorised Closed-ended Investment Scheme Rules 2008. HVPE is managed by HarbourVest Advisers L.P. (the “Investment Manager”), an affiliate of HarbourVest Partners, LLC (“HarbourVest”), a private equity firm whose history dates back to 1982. HarbourVest
    [Show full text]
  • Record Israeli High-Tech Exits
    A MONTHLY REPORT COVERING NEWS AND INVESTMENT OPPORTUNITIES JOSEPH MORGENSTERN, PUBLISHER February 2015 Vol. XXX1 Issue No.2 You are invited to visit us at our website: http://ishitech.co.il Record Israeli high-tech exits Record $15b. Israeli high-tech exits in 2014 worth $5 billion in 2014, down from $6.5 billion Reports indicate that in 2014, many more in 2013. The fall shows that many more mature mature Israeli high-tech companies preferred Israeli high-tech companies preferred an IPO an IPO to being acquired. to being acquired. 52 Israeli companies were acquired in 2014, compared with 39 in 2013. Israeli high-tech exits doubled to a record $15 billion in 2014. This has been by far the The value of the average deal in 2014 was $212 best-ever year for the country’s high-tech and million, compared with $170 million in 2013. biomed sector in terms of exits. In 2014, the stars were aligned exactly right for co.il Israeli high-tech. The IPO window was open in http://ishitech. the US and England due to the maturity of many Israeli companies and investors, the major Record Israeli high-tech exits availability of money for high-tech from buyers Windward, CyberSeal win security innova- and investors, and of course the strength of tion Israeli high-tech that knew how to reinvent itself and adapt to the times. Mellanox components chosen for fastest computers Start-up financing highest since 2000 Knee, back treatment AposTherapy raises In 2013, Israeli exits totaled $7.6 billion and in $15m.
    [Show full text]
  • 2014 1St Quarter Investment Performance
    PERSPECTIVE FOCUS INTEGRITY ADAMS COUNTY RETIREMENT PLAN INVESTMENT PERFORMANCE EVALUATION REPORT MARCH 31, 2014 Watershed Investment Consultants, Inc. 6400 S. Fiddler’s Green Circle, Suite 500 Greenwood Village, CO 80111-4955 303.738.0300 www.watershedinvest.com CAPITAL MARKET RETURNS First Quarter 2014 US EQUITIES Market Value Growth FIXED INCOME Total Excess S&P 500 1.8% Barclays Aggregate 1.8% 0.2% Russell Top 200® (Lrg Cap) 1.4% 2.1% 0.7% Russell MidCap® 3.5% 5.2% 2.0% T-Bills 0.0% … Russell 2000® (Sml Cap) 1.1% 1.8% 0.5% Barclays Intermediate Treasury 0.6% … Barclays Long Treasury 7.1% … NON-US EQUITIES US$ Local Currency Barclays US TIPS 1.9% … MSCI AC World 1.2% 1.0% 0.2% Barclays US Treasury 1.3% … MSCI AC World ex U.S. 0.6% 0.2% 0.4% Barclays US Agency 1.0% 0.2% MSCI EAFE (net) 0.7% -0.3% 0.9% Barclays US Mortgage-Backed 1.6% -0.2% MSCI Europe 2.2% 1.9% 0.3% Barclays US Commercial MBS 1.3% 0.7% MSCI Japan -5.5% -7.4% 1.9% Barclays US Asset-Backed 0.5% 0.2% MSCI Pacific ex-Japan 3.0% 0.6% 2.4% Barclays US Corporate 2.9% 0.7% MSCI Emerging Markets -0.4% -0.5% 0.1% Barclays US High Yield 3.0% 2.0% MSCI EAFE Small Cap 3.4% 2.3% 1.1% Barclays Majors ex-US 3.2% 0.7% MSCI EAFE Value 1.3% 0.4% 1.0% Barclays Majors ex-US (Hedged) 2.3% -0.2% MSCI EAFE Growth 0.2% -0.7% 0.9% Barclays Emerging Markets 2.8% 1.3% HEDGE FUNDS Composite Conservative REAL ESTATE NCREIF NAREIT HFRI Fund-of-Funds 0.4% 1.1% 2.7% 8.5% YTD 2014 US EQUITIES Market Value Growth FIXED INCOME Total Excess S&P 500 1.8% Barclays Aggregate 1.8% 0.2% Russell Top 200® (Lrg Cap) 1.4% 2.1% 0.7% Russell MidCap® 3.5% 5.2% 2.0% T-Bills 0.0% … Russell 2000® (Sml Cap) 1.1% 1.8% 0.5% Barclays Intermediate Treasury 0.6% … Barclays Long Treasury 7.1% … NON-US EQUITIES US$ Local Currency Barclays US TIPS 1.9% … MSCI AC World 1.2% 1.0% 0.2% Barclays US Treasury 1.3% … MSCI AC World ex U.S.
    [Show full text]
  • QUARTERLY REPORT for the Period from 1 January 2005 to 31 March 2005 QUARTERLYSTATEMENT REPORT of the INVESTMENT MANAGER
    QUARTERLY REPORT for the period from 1 January 2005 to 31 March 2005 QUARTERLYSTATEMENT REPORT OF THE INVESTMENT MANAGER INVESTMENT MANAGER’S REPORT POSITIVE START TO THE YEAR FOR PEARL In the first quarter of 2005, the net asset value (NAV) of the Pearl portfolio increased by 1.15% to 83.59%. A large num- ber of partnerships recorded valuation adjustments to their portfolio companies in their annual financial statements as per the end of December 2004. This had a positive effect on the NAV of the Pearl portfolio. The mid-market price of the Pearl convertible bond remained unchanged on the previous quarter at 92.50%, having peaked in between time, how- ever, in February at 94.00%. The convertible bond issued by Pearl Holding Limited provides access to the private The first three months of the year were characterized by a equity asset class. For the first time, investors have the opportunity to buy into the very high level of investment activity, which pushed the investment level – the ratio of the total value of private earnings potential of a broadly diversified private equity portfolio, while enjoying equity investments to the NAV of the Pearl portfolio - up by 14% to 64.28%. During this period, over EUR 49m were capital protection and a 2% coupon. Its tailor-made structure makes the convertible drawn down by the partnerships, as well as for direct invest- ments. This is significantly higher than in the past and bond suitable for German private and institutional investors (i.e. “deckungsstock- und reflects the active commitment activity of the Pearl portfolio since the middle of last year.
    [Show full text]
  • Private Equity Spotlight
    Welcome to the latest edition of Private Equity Spotlight, the Private Equity Spotlight monthly newsletter from Preqin providing insights into private May 2011 equity performance, investors and fundraising. Private Equity Spotlight combines information from our online products Performance Analyst, Investor Intelligence, Fund Manager Profi les, Funds in Market, Secondary Market Monitor and Deals Analyst. Does Size Really Matter? In this special edition of Private Equity Spotlight we identify and examine the top 10 largest direct private equity fi rms as determined by value of funds raised over the May 2011 past 10 years. Who these fi rms are, how they fi t into the industry and what makes Volume 7 - Issue 5 them who they are will be examined throughout this month’s newsletter. Page 3. FEATURED PUBLICATION: Preqin News Exclusives The 2011 Preqin Private Equity Secondaries Review Each month Preqin’s analysts speak to hundreds of investors, fund managers and intermediaries from around the world, uncovering vital, exclusive intelligence. This month’s News Exclusives features important updates on CPP Investment Board, The 2011 Preqin Morgan Stanley and more. Private Equity Secondaries Review Page 6. The Facts Fundraising - analysis of fundraising for the largest private equity fi rms. Page 9. More information available at: www.preqin.com/secreview Fund Managers - analysis of the top 10 fi rms’ dry powder and offi ce locations. Page 11. Deals - buyout deals and exits data for the top 10 fi rms. Page 13. Performance - taking a look at performance trends for the top 10 fund managers. Page 16. London: Equitable House, Investors - examining institutional appetite for the largest private equity houses.
    [Show full text]