PERFORMANCE MEASUREMENT SYSTEM FOR THE LARGEST RUSSIAN VENTURE CAPITAL FUND
Leading Russian venture capital fund
After Fund launch and development of its overall strategy, next step was to develop Performance Measurement System (goals, KPIs) and cascade it to the top- and middle-management. The main challenge for the client was the lack of similar institutions and benchmarks in Russia. The Board Committee decided to engage external consultants.
SBS Consulting and Booz&Co jointly executed the project. In the beginning the international experience of developing PMS in venture capital funds was analyzed. Following this analysis, consultants prepared two-level Goals & KPIs Tree: long run (till 2020) and short-run (building and enhancement of infrastructure). Then Fund’s KPIs were cascaded to management level with the detailed instructions on calculation methodology.
Fund’s Performance Measurement System up to “CEO minus 2” level