Throughout the term of a private equity investment, Abbott has the opportunity to encourage both appropriate transparency in reporting and effective governance decisions.
Abbott manages multiple relationships through regular interactions with general partners, and by serving on underlying fund advisory boards when possible. As of December 31, 2019, Abbott served on over 100 separate advisory boards. Abbott diligently participates actively on these advisory boards, and has consistently sought to attend fund annual meetings. Abbott views the responsibility of monitoring fund investments as a two-way process. Where possible and relevant, general information and insights from Abbott’s monitoring process have been discussed and shared with the general partners as suggestions for improvements or best practices. Abbott believes that this input has proven to be useful to underlying general partners evaluating or considering “best practices” in various subjects, such as valuation standards, generational transfer of responsibilities (and equity), and reporting to investors.