Philosophy
NIO targets best-in-class funds with strongly aligned teams and replicable value creation playbooks. We subscribe to long-term partnerships and our preference is to partner with managers who demonstrate resilience through their ability to perform consistently in a volatile market. Our target managers have experience across different market environments and have proved their ability to manage companies through different cycles.
Our criteria for selecting managers
Screening & sourcing
We conduct thorough market screening using our extensive network and databases. Relevant managers based on portfolio fit, market dynamics and overall quality are progressed to further due diligence.
Investment execution
We conduct thorough due diligence including track record analysis, on-site visit and reference calls and potential investments will be discussed in our professional Investment Committee. Furthermore, we conduct detailed tax and legal due diligence using external counsel, before approving the investment.
Monitoring
We continuously and meticulously monitor investments using a comprehensive risk management framework. By keeping an ongoing dialog with managers, we stay updated on portfolio developments. Finally, we distribute quarterly reports to our investors following best practice
PROCESS
Alignment
Significant GP commitment and inclusive incentive program
Investor base
High quality investor base
Cohesiveness
Cohesiveness in the investment team, clear division of roles and responsibilities and clear link between team and track
Strategy
Clear investment strategy with a replicable playbook for sourcing, managing and exiting investments
Track
Proven ability to drive value creation and historical strong performance
ESG
Manageable ESG risk and strong corporate buy-in
Legal & tax
Compliant legal and tax structure
APPROACH
Strategy
Clearly formulated, relevant and distinct strategy
ESG
Strong commitment to ESG and integration of ESG into investment processes
Track record
Consistent, tangible and comparatively strong returns
Team
Cohesive, aligned and capable team with capacity to execute on strategy
Legal & Operations
Compliant legal structure and established policies and oversight in place
Investments
Private Equity
Advent
Ara
Audax
Blackstone
Bowmark
Cinven
CVC
Genstar
Greenbriar
Kohlberg
Nordic Capital
Warburg Pincus
Real Assets
Actis
Antin
Arcus
Copenhagen Infrastructure Partners
ECP
Goldman Sachs
I Squared Capital
NREP
Private Debt
Ares
Davidson Kempner
MGG
"Decades of data indicate that private assets have out-performed public markets and that insightful investors in private assets have been able to collect an illiquidity premium confirming there is a case for allocating resources to identify managers with the ability to generate superior returns” - Bjarne Graven Larsen, Chairman of the IC