Highly Selective
In today's volatile marketplace, careful manager selection is of the utmost importance. MFIRE prides itself on its pipeline and due diligence process. Each year we see over 300 funds and only plan to invest in fewer than 10. Our process of manager selection has evolved from Mesirow Financial's 17 year history in the multi-manager investment space and Courtland Partners' process developed since 1995.
We utilize both qualitative and quantitative tools to identify those managers that we believe will deliver top-quartile returns for our portfolios. The overall process is as follows:
| Initial Screen 300-350 Funds Sourced Annually |
 |
Initial Due Diligence 75-125 Funds |
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Intensive Due Diligence 25-35 Funds |
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Investment Recommendation 7-10 Funds Annually |
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Proactively source Log and screen every fund investment opportunity Review private placement memorandum |
In-depth review of private placement memorandum Investigate group through Courtland databases and other outside sources Benchmarking against similarly focused firms Management Meeting with Mesirow Financial and Courtland |
On-site due diligence In-depth quantitative and qualitative portfolio analysis Reference calls with Mesirow Financial's and Courtland's network |
Investment Committee memorandum preparation Terms negotiation 3 step approval by investment committees |
