Thanks Preston McSwain for drawing attention to the #DARC. Not simpler. But accurate, useful, unbiased, comparable. This is what XTAL Strategies has been aiming at. Performance #transparency creates trust advantages for the #privatemarkets industry.

Valuable insight from Vincent Gombault on the effect of mark-to-market on existing secondary portfolios via #SecondariesInvestor #marketrisk #risktransfer #riskmanagement #valuation #privatemarkets #privateequity lnkd.in/dycx5G9g

How can analysts keep accurate information from drowning in the private equity pool? Massimiliano Saccone, CFA, shares his perspective. Massimiliano Saccone XTAL Strategies blogs.cfainstitute.org/investor/2022/…

@Enterprising XTAL Strategies The traditional approach of pooling cashflows distorts information more than the flawed averages (non-possible for money weighted metrics) it intended to fix

Yes, protecting portfolio returns through market risk cycles is where we start!

Yep, you found us. THANK YOU. Getting ready to help investors, intermediaries and sponsors achieve more efficient private fund portfolio management!

Great to see my thoughts on how to accurately measure #privateequity performance in the spotlight again. Thanks CFA Institute @Enterprising #transparency #trust #investing #privatemarkets XTAL Strategies

The debate about private market fund valuations and volatility has returned to center stage, Massimiliano Saccone, CFA, says. How can investors price NAV valuations and efficiently transfer their eventual risk? Massimiliano Saccone via @Enterprising blogs.cfainstitute.org/investor/2022/…

To hedge or not to hedge, that is the question. A bigger one in the #privatemarkets! Thanks for hosting my thoughts Business | Innovation | Enterprising CFA Institute on the real question of efficiently managing allocations and forward looking returns in #privateequity. XTAL Strategies #PRIFFE

Thanks CFA Society Atlantic for sharing the thoughts and objectives on the topic that were kindly hosted by @Enterprising. Happy to engage in constructive dialogues with your members !! #privateequity #privatemarkets #NAV #valuation #riskmanagement

Thanks to the participants to our Private Market Fund Derivatives webinar. We have strived to meet your expectations. That included serious efforts to maintain the #startup tradition of having a live software glitch "demoing" our platform #PRIFFE. We w…lnkd.in/dAaRE3Kp

I can't say this is a a trend. Nevertheless, it is a framework to think about private equity valuation dynamics. NAVs' fair valuations can "happen to decouple" for various reasons from listed market movements. NAVs find it hard…lnkd.in/dg6eUHXJ lnkd.in/d3Pb6smw

Very proud of the launch of PRIFFE. Illiquidity as well as market valuation risks are the problems that PRIFFE tackles. Liquidity unfortunately always dries up when it is most needed, making it harder to meet liabilities or to adjust allocations. PRI…lnkd.in/dkEv6zFv

Definitely ! 💡 There is NO reason why illiquid / non fungible asset (like private market funds) should not have their risk easily managed with derivatives (like commodities, by the way). 🔔 Derivatives are about certainty of timely and quality deliver…lnkd.in/dN2itvrH

Thanks for sharing the article and good catch to the authors! 📡 I was writing a quick post along the same lines yesterday (starting from certain private credit expectations). Here my thoughts: lnkd.in/dAUrBEyj 🔔 Bottom line, new private equity…lnkd.in/dJFFnUkp

Mind the DPI Gap. ⭐ If DPI (private equity’s Distributed over Paid-In ratio) is viewed as "the new IRR", it doesn't occur under the luckiest star... More here: linkedin.com/feed/update/ur…

Currently, no single performance standard captures the actual growth in wealth generated by a #PrivateEquity investment over time. To solve the puzzle XTAL Strategies launched the novel time-weighted metrics of #DARC (Duration-adjusted Return on Capital) pm-research.com/content/iijpor…

Il nostro CEO Massimiliano Saccone Massimiliano Saccone inizia una interessante collaborazione con Citywire Italia ! Una rubrica per spiegare le complessità dei mercati privati! Buona lettura!

PE distributions at 50% of historical levels. IPO market shut. GP-led deals limited. Massimiliano Saccone of XTAL Strategies shares his thoughts on the "when & why" of selling PE interests in today's reality: bit.ly/3HCKIQR

Thanks to CAIA Association for hosting Massimiliano Saccone our Founder's thoughts on the hot topic of private market liquidity. Is being patient a rational choice?