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PitchBook Analyst Note: PE Mega-Fund Strategy Overview: Part III

3Q 2019

PitchBook Analyst Note: PE Mega-Fund Strategy Overview: Part III

September 25, 2019

PitchBook Analyst Note: PE Mega-Fund Strategy Overview: Part III
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In the third installment of a series of analyst notes covering PE mega-funds ($5 billion+), PitchBook analysts examine performance metrics, including IRRs, cash multiples, PMEs and Direct Alpha. Metrics are compared across several time frames to funds under $1 billion and funds between $1 billion and $5 billion. As LPs continue upping their PE allocation, many look to mega-funds to handle the bulk of their allotted capital, making the performance of mega-funds of paramount importance.