Notes
Slide Show
Outline
1
VenturePoint 2002

Raising VC Funds
  • Jelle Sjoerdsma
  • Managing Director
  • Dynamic Equity Limited


  • 23 January 2002
2
Target Institutional Investors
  • Sources of Private Equity funds raised for Europe
3
Potential is Untapped
  • Private Equity funds raised in 2000 as a % of GDP


  • Potential in Trinidad alone should be at least TT$ 50 million per year
4
Obstacles
  • Country/Market - too small
  • - too undeveloped
  • - too rich/developed


  • Exit Opportunities - inadequate


  • Track Record - no experience
  • - no history
  • - lack of apparent success so far


  • Investor Understanding - unfamiliar
  • - unsophisticated


  • Projected Returns - regarded as too low


  • Risk - regarded as very high
5
The Way Forward
  • Country/Market - can’t be helped


  • Exit Opportunities - develop capital and M&A markets


  • Track Record - catch-22
  • - bootstrap
  • - create and publicize success


  • Investor Understanding - encourage and educate


  • Projected Returns - clarify long-term benchmarks


  • Risk - clarify comparisons
  • - explain portfolio concept
  • - emphasize diversification
6
Summary Conclusion
  • 1 Local institutions should lead the way
  • 2 Market potential is large
  • 3 Obstacles are significant
  • They can be overcome


  • Rationale should be clear


  • Can we change the mind set