As covered in our latest Benchmarking & Fund Performance report, the averages of DPI multiples for several PE vintages have been on the rise—some at a rapid clip. For example, in the few months since our 2Q edition of the report, the average of DPI for 2009 vintages has jumped from 0.39x to 0.45x.
More recent vintages worldwide are making slow but steady progress toward the numbers seen before the crisis. So while 2004 vintage PE funds have collectively been the standard bearer for DPI multiples over the past decade, 2008 and 2009 vintages are starting to match that performance at similar points in the fund lifecycle.
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