Major Russian venture capital fund
Development of a system of objectives and KPIs
Client situation
- After the fund was established and a general development strategy was developed, it became necessary to form a system of goals and KPIs and cascade it to the level of directors and department heads, which was complicated by the absence of relevant institutions in the country and the need to study best practices
Approach
- Analysis of international experience in terms of target systems and KPIs for venture funds
- Development of a two-level target and KPI system: long-term (for the period up to 2020) and short-term (for the creation and filling of infrastructure)
- Development of a KPI system for individual managers based on the fund’s KPIs, specifying the weights of indicators and calculation methods"
1
KPI
A system of objectives and KPIs for the fund was developed up to the DG-2 level, taking into account best international practices
2
KPI
A system of KPIs was developed for individual managers
3
System
The proposed systems of objectives and KPIs were approved by management