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Welcome

Back to work

Hello everybody, and welcome back to work after what I hope was a relaxing and reinvigorating summer break.

Following on from the recent redesign of the IQ magazine, we have now introduced a number of new sections as well, all of which seek to add to the opinion and insight of our members on the ground.

We will be running regular round table discussions examining the implications and applications of INREV research and reports. We start this month with a look at capital expenditure, and what the results of recent INREV research means in practice.

We also introduce the View from North America, where we hear from a member across the Atlantic about how the non-listed sector is evolving in their market, and we have also adapted our View from Asia to hear from a rotating group of members in the region as well as our sister organisation ANREV. In the globalised economy, we think it is increasingly important to provide you with a broad set of views from across the world.

An important development for INREV in the final quarter of the year will be the addition of a new Performance Measurement Module to the INREV Guidelines. After receiving input from members at workshops in London, Amsterdam and Frankfurt the new Module is ready for implementation and is awaiting management board approval in October.

The guidelines aim to increase consistency in the reporting of performance to investors. The objective of the new module is to provide support to managers when computing and reporting the performance measures of a vehicle. In addition to the guidelines, this module includes detailed computation formulae as well as examples to facilitate implementation.

During and after what I am sure will be a busy fourth quarter of 2015, we want to remain in as close contact as possible with our members. So at the beginning of 2016 we will be increasing the number of locations at which we present the results of our annual Investment Intentions Survey to eight.

Starting on 12 January in London, we will be travelling through Amsterdam, Munich, Copenhagen, Stockholm, Helsinki and Paris, ending in Zurich on 27 January. Of the current 375 members, 283 will have the opportunity to participate in specifically localised events, leading to a coverage ratio of more than 75%. So watch out for the 2016 Events Calendar, which will be published shortly, to save the dates  and to make sure you do not miss an INREV event.

We want to present our findings to you, and hear your views. Staying in touch with you is of the upmost importance, so as always I would urge you to stay engaged by supporting committee work, serving on INREV panels, being a tutor in a training course, contributing to the IQ or one of the many other ways of getting involved.

Matthias Thomas, INREV CEO