Available now: PitchBook's free Benchmarking & Fund Performance Report
September 06, 2016
Why are private equity and venture investors having such fundraising success these days?
It might have something to do with huge distributions, as final numbers show PE returned a whopping $437.1 billion and VC returned a record $62.6 billion to their LPs last year. Other highlights from our new Benchmarking & Fund Performance Report:
While newer PE vintages continue to underperform their public market equivalents, on a horizon basis, PE has actually outperformed the Russell 3000 by roughly 5% over the last year.
Post-2009 VC vintages continue to outperform all other private asset classes.
Most PE vintages saw their IRRs decline relative to the last publish of this report, yet larger funds declined at a slower pace.
At a $16.5 billion net cash flow, VCs distributed more cash than they called down for the second straight year. PE net cash flows came in at $155.7 billion, the second-highest figure on record.