Christian Czernich ist CEO, Founder und Managing Partner bei Round2 Capital Partners. Im Gespräch mit Palico haben wir uns über das Revenue-based Financing ausgetauscht und diskutiert inwieweit dieses eine Antwort auf die gegenwärtigen Herausforderungen für junge Tech-Unternehmen bieten kann.
Shahram Seyedin-Noor is the Founder and General Partner of Civilization Ventures, a San Francisco-based venture capital fund investing at the intersection of health tech and synthetic biology. We recently caught up with Shahram to discuss his fund’s unique value proposition and his experience successfully leveraging the Palico marketplace.
Daniel Ibri is the managing partner and founder of Mindset Ventures Sao Paolo. We sat down with Daniel and discussed some of the pains of fundraising for emerging market funds looking to expand outside of the constraints of their own borders. In this Q&A he explains why Palico is an essential tool for small funds and how it helped attract new investors beyond Brazil.
Luca Mannucci is the Milan-based investment advisor for Italy’s Banca Sella Holding. He explains why the banking group invests in funds via Palico’s digital marketplace.
Angel Garcia Diez is head of investments at Spanish insurance group HNA. He explains here why HNA invests through Palico’s digital marketplace.
Jim Bloom is managing director and founder of Vopne Capital, a San Francisco-based private equity manager investing in lower middle market companies. He explains here why Vopne chose to fundraise using Palico’s digital marketplace.
Arnaud Burel is an investment manager at Cogepa S.A., a family office that invests regularly in private equity funds. He explains here why Cogepa invests using Palico’s digital marketplace.
Daniel Benin is managing partner and co-founder of Committed Advisors, a manager of private equity secondary funds with €1.7 billion in assets. He explains why Palico’s digital marketplace adds value to traditional ways of doing business in private equity.
Elaïs Capital invests in small and medium-sized French growth companies and was founded in 2013 by managing partner Thibaut de Chassey. He explains why after several years of doing deal-by-deal investments, Elaïs chose to seek commitments for its first private equity fund using Palico’s digital marketplace.
|What attracted Elaïs to Palico’s online marketplace?|
TdC: Traditional private equity fundraising channels are time consuming and rarely cost efficient, so we were eager to try something new. Once I logged on to Palico, I was thrilled by the marketplace’s ease-of-use and once we listed our fundraising, I was even more thrilled by the depth of the limited partner response.
|So the variety of investors you found on Palico surprised you?|
TdC: Absolutely - we raised twenty-five percent of our target through Palico, bringing in institutional investors for the first time. We would have reached a more limited number of institutions using only traditional fundraising means, given time and geography constraints, and the need to focus only on the highest probability candidates - the family offices and high net worth individuals who’ve historically invested in Elaïs’ deal-by-deal structures. Within the latter two groups too, we’ve found new relationships, and are in productive discussions regarding possible investment, thanks to Palico.
|Do you see Palico as competition for traditional fundraising methods?|
TdC: We use it in conjunction with high-touch traditional placement agent services and as a supplement to our personal networks. But Palico is definitely a breakthrough for the distribution of private equity funds and it levels the playing field for small and midsized groups like Elaïs. Palico’s success fee [0.5 percent] is less onerous than the cost of non-digital fundraising, which allows us to stretch our budget and use our personal time more efficiently. Listing a fundraising on Palico ultimately broadens our potential investor base and democratizes the entire commitment process. With Palico, it’s not just the biggest fund groups that can easily reach the world with a fundraising campaign.
|Palico, the Place to Go for Primaries, Secondaries, Co-Investments|
In today’s more diverse private equity universe, mainstream or more specialized fundraisings, secondaries and co-investments - anywhere in the world - are easy to find using Palico’s online marketplace. Palico offers LPs and GPs more opportunity to discover, analyze and invest.