LPs feast on recent PE/VC vintages, with $388B in combined distributions
May 20, 2016
Click to get free access
LPs continue to enjoy robust returns from both PE and VC, receiving $342 billion and $46.4 billion in distributions, respectively, in the first three quarters of last year, according to our latest Benchmarking & Fund Performance Report. For VC, 2015 remains on pace to be the biggest year ever for venture measured by cash flows. The market volatility in the back half of last year dampened some of the outsized returns of recent PE vintages. Here are some key data points:
The top quartile of 2012 vintage PE funds declined from 33.0% to 23.0% since the last edition of this report
2009 and 2010 vintage VC funds increased their respective median DPI multiples by 7.4% and 10.6%, respectively, in the reporting period
In summary, LPs in both private equity and venture funds have begun to reap what they’ve sown in the post-crisis period. We break down the entire universe of PE and VC returns, with data on benchmarks, quartiles, historical return multiples and cash flows. We also profile energy funds, breaking down returns vs. their public market equivalent. You can download the full report here.