Master commitment pacing in private markets. Learn to forecast, manage liquidity, and optimize your portfolio in an illiquid investment landscape.
The Art of Commitment Pacing is a crucial course for Limited Partners navigating the complexities of illiquid alternative investments. This course delves into how to strategically manage commitments to closed-ended funds, ensuring target allocations are met efficiently.
You will learn the foundational principles of commitment pacing, beginning with an exploration of the widely recognized Takahashi-Alexander model for predicting Net Asset Value (NAV) exposure and managing capital calls. We discuss the interplay between the quantitative science and the adaptive art of commitment pacing, detailing how to refine assumptions and update forecasts as funds mature.
Key topics include:
By the end of this course, you will possess a comprehensive understanding of commitment pacing, equipped with the knowledge and tools to optimize your alternative investment portfolio's cash flow and allocation strategy, even in challenging market conditions.
Chartered Alternative Investment Analyst Association
CAIA Association is a global network of forward-thinking investment professionals, redefining the future of capital allocation in a world where traditional and alternative investments are converging at an unprecedented pace. United by a commitment to improving investment outcomes, we lead with authority, educate to inspire, and connect people who turn insight into action. CAIA Association creates dynamic and captivating learning experiences designed to engage investment professionals at every level. Its programs – the CAIA Charter and the CAIA.nxt™ platform – offer critical levels of access to a comprehensive curriculum that equips the investment community with the skills and knowledge needed to build modern portfolios. CAIA Association is a global member-driven community of more than 14,000 professionals, united by a shared commitment to improving investment outcomes and building a more aligned, principled capital market system.
Managing Director at SimCorp Luxembourg
Thomas Meyer has held an international career in and out of the financial services, from intelligence officer in the German Air Force to regional CFO of Allianz Asia Pacific in Singapore. He was responsible for the creation of the European Investment Fund’s risk-management function with a focus on building valuation and risk-management models and investment strategies for venture capital funds of funds. Since 2020, he has been leading the development of SimCorp’s Alternatives Strategy solution. Meyer is a Shimomura Fellow of the Development Bank of Japan and was a visiting research fellow at Hitotsubashi University in Tokyo. He just published his new book The Art of Commitment Pacing (by Wiley). He is the co-author of Beyond the J Curve (translated into Chinese, Japanese, and Vietnamese), J-Curve Exposure, Mastering Illiquidity (all by Wiley), and two CAIA books, which are required reading for Level II of the Chartered Alternative Investment Analyst® Program. He authored Private Equity Unchained (by Palgrave Macmillan).
Lead Product Owner Alternative Investments at SimCorp
Jacob Perner is the lead product owner for alternative investments at SimCorp (part of the Deutsche Börse Group). During his 9-year career at SimCorp, he has contributed to and led implementations of SimCorp’s Alternative Investments Offer at clients across the EMEA and APAC regions. Since 2022, he has been leading the development of SimCorp’s Alternative Investments Offer with a focus on Document Processing and the Alternatives Strategy solution. His previous work experience includes sales engineering and venture capital operations. He was a CAIA Charterholder from 2019 through 2020.
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