PitchBook Analyst Note: Measuring SBOs' Effect on Fund Performance
October 15, 2018
This analyst note returns to an ongoing dialogue about an exit strategy often disparaged in the world of private equity: secondary buyouts (SBOs). Previously our analysts argued that SBOs are a crucial and increasingly prevalent deal sourcing approach, particularly with companies and business models that thrive under PE ownership. The proliferation of SBOs warrant a closer look at how they impact fund performance, which this note does by comparing a select group of SBO-oriented funds to the more encompassing PitchBook Benchmarks.