Mastering Illiquidity: Risk management for portfolios of limited partnership funds

About Christian DillerDidier GuennocPeter CorneliusThomas Meyer

Dr PETER CORNELIUS is heading AlpInvest Partners economic and strategic research. Prior to his current position he was the Group Chief Economist of Royal Dutch Shell chief economist and Director of the World Economic Forums Global Competitiveness Program Head of International Economic Research of Deutsche Bank a senior economist with the International Monetary Fund and a staff economist of the German Council of Economic Advisors. He is the chairman of EVCAs Risk Measurement Guidelines working group. He has been an adjunct professor at Brandeis University and a Visiting Scholar at Harvard University and has published widely in leading academic and trade journals and (co)authored several books including International Investments in Private Equity (Elsevier/Academic Press). Dr CHRISTIAN DILLER is co-founder of Montana Capital Partners focused on secondary liquidity in private equity through its own innovative investment product sophisticated securitizations and risk management services for institutional investors. Previously he was Head of Solutions at Capital Dynamics leading the structuring and portfolio and risk management activities. Christian advised some of the worlds largest investors on portfolio rebalancing and structuring cash flow planning and risk management in private equity. Prior to that he worked for Allianz Group and Pioneer Investments. Christian is a member of the EVCAs Risk Measurement Guidelines working group co-chairman of the Technical Working Group on Solvency II & IORP and lecturer at the CIPEI course held by the Oxford Said Business School. He is author of several articles for practitioners and academics and holds a Dr. rer. pol. in finance specializing on risk-/return characteristics of private equity funds. Dr DIDIER GUENNOC is co-founder of LDS Partners specialised in decision systems program structuring corporate governance and risk management solutions for institutional investors in private equity. He also acts as the secretary of the International Private Equity and Venture Capital Valuation Board (IPEV Board). Previously he worked for Origo Management and advised EVCA the European Private Equity and Venture Capital Association on public affairs statistics and professional standards. He started his career at Xerfi the leading French market research company. Didier was a member of the advisory board of the Centre for Entrepreneurial and Financial Studies (Technische Universität München Germany) and of the private equity subcommittee of the Chartered Alternative Investment Analyst® Program. Didier holds a PhD in Business Administration from the University Robert Schuman Strasbourg (France). Dr THOMAS MEYER is co-founder of LDS Partners specialised in decision systems program structuring corporate governance and risk management solutions for institutional investors in private equity. Previously he was with EVCA the European Investment Fund and Allianz Asia Pacific. He is a member of the EVCAs Risk Measurement Guidelines working group and of the Chartered Alternative Investment Analyst Association's (CAIA©) private equity sub-committee and a Shimomura Fellow of the Development Bank of Japans Research Institute of Capital Formation. Thomas is co-directing the Certificate in Institutional Private Equity Investing (CIPEI) course held by the Oxford Said Business Schools Private Equity Institute and co-authored several books including Beyond the J-Curve and J-Curve Exposure.