A growing number of institutional investors are turning away from external asset managers and other intermediaries and are instead looking to one another for assistance. Through collaboration, these investors hope to lever a new set of network economics

June 6, 2013 Leave a comment

Platforms and Vehicles for Institutional Co-Investing

Jagdeep Singh Bachher Alberta Investment Management Corp.

Ashby H. B. Monk Stanford University – Global Projects Center

May 28, 2013
Rotman International Journal of Pension Management, Vol. 6, No. 1, 2013

Abstract: 
A growing number of institutional investors are turning away from external asset managers and other intermediaries and are instead looking to one another for assistance. Through collaboration, these investors hope to lever a new set of network economies. Can they actually co-invest successfully to take advantage of these network effects? Differing return objectives and investment philosophies, as well as the basic challenge of geography, all complicate matters. Through a specific case study of a successful co-investment platform, and drawing on additional information collected from more than 20 on-site case studies of public pension funds and sovereign wealth funds around the world, this article offers insights into how institutional investors can structure platforms and vehicles that will align interests and facilitate co-investment.

Filed under Research

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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