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Caltech Investment Office
Firm Profile: University Endowment
The Caltech Investment Office oversees the Institute’s investment management activities, managing over $2.5 billion with the goal of providing increased support for the Institute’s academic and research programs. Caltech has been an eVestment client since 2014, subscribing to eVestment Analytics, Holdings Analysis and eVestment Private Markets (Performance Analytics).
Around 11% of the portfolio is allocated to private equity. Brian Chen is an Investment Associate at Caltech responsible for oversight of the private equity portfolio, including the evaluation and analysis of fund investment opportunities.
Prior to using the Performance Analytics functionality of eVestment Private Markets, the process for carrying out track record analysis of a manager and compiling reports relied solely on spreadsheets and was a “much more labor intensive process,” Chen said. Another key issue for Chen and his colleagues was that “managers have different ways of presenting their data, which often makes it difficult to make direct comparisons.”
When Chen was introduced to eVestment Private Markets, he was keen to investigate the solution further as he could see how it would help make the due diligence process more efficient and effective and help them meet their goals as an institution.