The traditional role of a placement agent has been to introduce General Partners (GPs) to suitable investors.
However, as market conditions have toughened, investors have raised the quality bar and have begun to ask more demanding and sophisticated questions of GPs. The latter have therefore faced heavier demands on their time: preparing sufficient pre-marketing material; attending first, second, third and even further meetings with investors; and fielding manifold and detailed follow-up requests.
The role of the placement agent has therefore broadened to include advice to GPs on how to approach investors; assistance with pre-marketing preparation; and project management of an increasingly complex fund-raising process.
Given these considerations, the choice of placement agent can be crucial in determining the success of a fund-raising. Helix Associates is ideally placed to manage this process: ensuring, on the one hand, that GPs are sufficiently prepared for investor demands; and, on the other, that investors are able to make their decisions on the basis of well-researched information (Why Choose Helix?).