Member-Exclusive Follow-On Readings

To be an ethical, responsible investment professional is to dedicate yourself to a practice of lifelong learning. Earning the CAIA Charter is just the beginning, and CAIA Membership supports your professional journey with access to high-quality content and continuing education, including the latest from the curriculum.

Professional reading

Lifelong Learning for CAIA Members

To help our Members stay up to date, we introduce our Follow-On Readings. Like follow-on investments, these Member-exclusive readings represent a reinvestment in the comprehensive education you obtained as a Candidate in the CAIA Charter Program. Each of the selected readings represent the most timely and relevant updates to the CAIA curricula and will be updated annually with new material as it becomes available.

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Follow-On Readings for 2022

This year, we’ve shared nine new readings from the CAIA Charter Program.

We’ll continue to release new Follow-On Readings with future curriculum updates, so be sure to read your Member newsletters to find out about new additions to this page.

2022 Level I: As capital formation has shifted increasingly towards private markets, we’ve deepened our coverage of the venture capital and buyout lifecycle, including valuation techniques and exit strategies for portfolio companies (e.g., direct listing, special purpose acquisition companies, initial public offerings, and other private market transactions). Additionally, we’ve added coverage of venture debt, an increasingly used method of financing for founders.

The way in which institutional investors access private capital has evolved. While a single fund limited partnership (LP) structure remains the most common method of exposure, sophisticated investors have increasingly opted to invest directly into portfolio companies without an intermediary, and new investors have gained exposure through a fund of fund structure.

2022 Level II: Due diligence has always been an important skillset for the best allocators of capital, and quantitative factors, while important, only provide part of the picture when conducting investment or operational due diligence. As a result, we’ve increased our coverage of some key qualitative factors an investor should assess when performing due diligence on an investment manager. We’ve also added coverage on the characteristics an investor might consider when performing due diligence on managers with no or limited performance track records.

In recent updates, we’ve also added coverage of environmental, social, and governance (ESG) applications in alternative investments. The new material covers a history and overview of ESG investing and how it can be applied in private equity, real assets, and hedge funds.