The Rede Liquidity Index ('RLI') Survey 1H 2022

Survey Questions

Launched by Rede Partners in 2017, the Rede Liquidity Index (“RLI”) is a bi-yearly measure of liquidity across the private equity LP universe. Our RLI reports aim to provide an quantitative indicator of the health of the private equity sector as well as useful insights into trends in LP sentiment. Click here to read the latest RLI report. Previous reports can be found here.

To thank you for your participation in the RLI, we pledge to donate £10 to one of our grassroots charity partners for each completed survey received. You can choose between two charities: Reach Out (based in London) and DreamYard (based in the Bronx).

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* Rede Partners pledges to donate £10 (currently $13.69, €11.71) to one of our grassroots charity partners for each completed survey response. Please select one of the below charities for your donation.

Reach Out (based in London, UK)

DreamYard (based in The Bronx, USA)

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* Select your LP category:

Fund of Funds / Consultant

Endowment / Foundation

Family Office

Pension Fund

Sovereign Wealth / Government Agency

Insurance / Bank / Other Financial

Other (please specify)

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* Select the location of your institution's headquarters:

	Europe	North America	Rest of World
Dropdown menu	Dropdown menu Europe menu	Dropdown menu North America menu	Dropdown menu Rest of World menu

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* Select your AUM range

	<€1bn	€1-10bn	€10-50bn	€50-100bn	€100bn+
Total allocation to Private Equity	Total allocation to Private Equity <€1bn	Total allocation to Private Equity €1-10bn	Total allocation to Private Equity €10-50bn	Total allocation to Private Equity €50-100bn	Total allocation to Private Equity €100bn+
Total current Assets Under Management	Total current Assets Under Management <€1bn	Total current Assets Under Management €1-10bn	Total current Assets Under Management €10-50bn	Total current Assets Under Management €50-100bn	Total current Assets Under Management €100bn+

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* Over the next 12 months, how much capital do you expect to deploy...

	More	Same	Less	N/A
to new PRIVATE EQUITY FUNDS IN GENERAL?	to new PRIVATE EQUITY FUNDS IN GENERAL? More	to new PRIVATE EQUITY FUNDS IN GENERAL? Same	to new PRIVATE EQUITY FUNDS IN GENERAL? Less	to new PRIVATE EQUITY FUNDS IN GENERAL? N/A
to PE funds of GPs with whom you have an EXISTING RELATIONSHIP?	to PE funds of GPs with whom you have an EXISTING RELATIONSHIP? More	to PE funds of GPs with whom you have an EXISTING RELATIONSHIP? Same	to PE funds of GPs with whom you have an EXISTING RELATIONSHIP? Less	to PE funds of GPs with whom you have an EXISTING RELATIONSHIP? N/A
to PE funds of GPs representing a NEW RELATIONSHIP?	to PE funds of GPs representing a NEW RELATIONSHIP? More	to PE funds of GPs representing a NEW RELATIONSHIP? Same	to PE funds of GPs representing a NEW RELATIONSHIP? Less	to PE funds of GPs representing a NEW RELATIONSHIP? N/A
to the SECONDARIES market? (direct or funds)	to the SECONDARIES market? (direct or funds) More	to the SECONDARIES market? (direct or funds) Same	to the SECONDARIES market? (direct or funds) Less	to the SECONDARIES market? (direct or funds) N/A
to CO-INVESTMENTS?	to CO-INVESTMENTS? More	to CO-INVESTMENTS? Same	to CO-INVESTMENTS? Less	to CO-INVESTMENTS? N/A
to funds focused on NORTH AMERICA?	to funds focused on NORTH AMERICA? More	to funds focused on NORTH AMERICA? Same	to funds focused on NORTH AMERICA? Less	to funds focused on NORTH AMERICA? N/A
to funds focused on EUROPE?	to funds focused on EUROPE? More	to funds focused on EUROPE? Same	to funds focused on EUROPE? Less	to funds focused on EUROPE? N/A
to funds focused on ASIA?	to funds focused on ASIA? More	to funds focused on ASIA? Same	to funds focused on ASIA? Less	to funds focused on ASIA? N/A
to funds focused on the REST OF THE WORLD?	to funds focused on the REST OF THE WORLD? More	to funds focused on the REST OF THE WORLD? Same	to funds focused on the REST OF THE WORLD? Less	to funds focused on the REST OF THE WORLD? N/A
Finally, how much capital are you expecting back from your managers through DISTRIBUTIONS?	Finally, how much capital are you expecting back from your managers through DISTRIBUTIONS? More	Finally, how much capital are you expecting back from your managers through DISTRIBUTIONS? Same	Finally, how much capital are you expecting back from your managers through DISTRIBUTIONS? Less	Finally, how much capital are you expecting back from your managers through DISTRIBUTIONS? N/A

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* Are there any areas to which you plan to increase allocations over the next 12 months? Tick all that apply

Technology sector funds

Healthcare sector funds

Consumer sector funds

Industrials sector funds

Sustainability / impact sector funds

Large buyouts ($5bn+)

Mid-market buyouts ($1-5bn)

Lower mid-market buyouts (<$1bn)

Growth equity

Venture capital

Distressed / turnaround

Private credit (income-oriented)

Infrastucture

Other real assets

Other (please specify)

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* What percentage of your existing portfolio of investee GPs is currently fundraising or expected to fundraise within 2022?

<50%

50-70%

70-80%

80-90%

>90%

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* How much of your 2022 budget do you expect to be taken up by re-ups?

<70%

70-85%

85-100%

100%

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* Where is your PE allocation relative to your target range today?

Above

High end

Middle

Low end

Below

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* If your portfolio is above your target range, how do you plan to address this?

Secondary sales

Limit / reduce number of GP relationships

Guide existing GPs toward later fundraising dates

Reduce average commitment sizes to individual funds

Increase PE allocation overall

N/A

Other (please specify)

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* Does your institution currently invest in Impact-focused funds?

Yes

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* Rede Partners pledges to donate £10 (currently $13.69, €11.71) to one of our grassroots charity partners for each completed survey response. Please select one of the below charities for your donation.

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* Select your LP category:

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* Select the location of your institution's headquarters:

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* Select your AUM range

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* Over the next 12 months, how much capital do you expect to deploy...

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* Are there any areas to which you plan to increase allocations over the next 12 months? Tick all that apply

Question Title

* What percentage of your existing portfolio of investee GPs is currently fundraising or expected to fundraise within 2022?

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* How much of your 2022 budget do you expect to be taken up by re-ups?

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* Where is your PE allocation relative to your target range today?

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* If your portfolio is above your target range, how do you plan to address this?

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* Does your institution currently invest in Impact-focused funds?

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* OPTIONAL: Name of your institution