As covered in our recently released Global Benchmarking and Fund Performance Report, horizon IRRs for PE vehicles larger than $1 billion have outperformed their smaller counterparts over the long term. As of the latest returns data through the first quarter of this year, funds in that largest size bucket have been generating an 18.2% return at the 10-year horizon, up from 17.4% a quarter ago.
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Such outperformance only further reinforces what seems to be an ever-more significant trend for the PE industry: larger vehicles performing better and consequently attracting a disproportionate share of interest from limited partners. In the short term, however, funds sized between $250 million and $1 billion have fared better across one-year to three-year horizons.
For more data on global PE fund returns, IRRs, cash flows and more, click here to download the full report.