Thomas Meyer

Portrait_Th Meyer Thomas is partner and co-founder of LDS Partners, specialising in the development of private equity risk measurement models and investment strategies. He is also an independent director of the Bahrain Development Bank’s Equity Fund. Thomas is co-directing the annual Oxford Symposium on Risk Management in Private Equity and is a Shimomura Fellow of the Development Bank of Japan. Thomas has published extensively on the topic of Private Equity including the books ‘Private Equity Unchained’, ‘Beyond the J Curve’, ‘J Curve exposure’, and ‘Mastering Illiquidity’.   Connect with Thomas Meyer on LinkedIn

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Private Equity and Risk Management – Nitty Gritty or Big Picture?

Private Equity and Risk Management – Nitty Gritty ...

The role of the risk manager overseeing quoted assets is difficult to transfer to private equity. For illiquid assets risk management can add the most value before investing starts, i.e., designing and communicating the investment strategy. Risk management in private equity needs to deal with the big picture, the portfolio, and should not get lost in details.   As I [...]

Private Equity – How to balance risks versus opportunities

Private Equity – How to balance risks versus ...

This year’s Oxford Symposium (13-14 December) on Risk Management in Private Equity asks how investors can balance risks versus opportunities in order to maximize risk-adjusted returns – in other words, risk management as a value add. This article gives insights into the focus topics of the symposium and provides food for thought to investors on how to maximize risk-adjusted returns.     Mind the [...]

Brexit – The great disorder under the Heavens?

Brexit – The great disorder under the Heavens?

It looks that the financial industry bet the wrong way on the biggest market event since the 2008 financial crisis. The Brexit referendum’s outcome has already been called ‘the greatest Black Swan event of the millennium’ (personally, I believe that this unexpected result rather falls into the category of what we practitioners refer to in our daily work as ‘king [...]

Trees that are slow to grow bear the best fruit

Trees that are slow to grow bear the best fruit

  Private equity is estimated to be less than 2% of all assets managed internationally. It is – at least in theory – an inherently contrarian asset class. But being countercyclical and contrarian is difficult. For illustration, a few days ago I read an article that predicted the ‘denominator effect’ to return. The news was dated April 1st, so I [...]

The Private Equity Risk Stalemate

The Private Equity Risk Stalemate

Recently I had a longer debate with the founder of a software company who argued that there is no market for sophisticated solutions (like value-at-risk) for quantifying private equity risks. I respect this person’s experience and judgment and, sadly, I tend to agree. I use the word ‘sadly’ as risk management (in the sense of balancing threats versus opportunities) is [...]

Bedazzled? – The Lure of Co-Investing

Bedazzled? – The Lure of Co-Investing

9/10 December 2015 saw the second edition of the Oxford Symposium on Risk Management in Private Equity, organised by the Saïd Business School’s Private Equity Institute in cooperation with my company, LDS Partners. Nearly 70 academics and industry practitioners participated this time, an increase compared to last year and close to the lecture theatre’s maximum capacity. The Symposium was held [...]