Measuring PE Fund Performance


Measuring PE Fund Performance May 2019 Measuring Private Equity Fund Performance This report explains the various metrics employed by General Partners (GPs) and Limited Partners (LPs) to arrive at a meaningful assessment of a funds success. Performance in private equity investing is traditionally measured via the internal rate of return (IRR) and multiple of money […]

Will Late-Stage Venture Funding Pay Off?


It is uncertain whether private investors will capture the value they expect from tech unicorns. Uber, Didi Chuxing, Airbnb… these names immediately evoke images of unicorns, warchests and disruption, as well as reflect the 14x growth in annual venture capital investment since the 1990s. But they also call to mind a more cautionary image in […]

Private Secondary Markets: A Growing Investment Opportunity


Tech companies want to stay private for longer, driving interest and liquidity in secondary markets. Facebook changed the way many investors access the tech market. The company’s rapid revenue growth, its ability to raise unprecedented amounts of private capital at attractive valuations and its ability to defer its IPO filing sparked a vibrant secondary market […]

The Stars Are Aligning for Socially Responsible Investing


Calls for a more inclusive style of capitalism are boosting a budding industry. On the face of it, 2016 was a tough year in the financial markets in general and for socially responsible investors in particular. Returns to active managers in both the public and private markets generally lagged behind the major benchmarks and, in […]

Operational Improvement the Private Equity Way


The private equity approach to operational improvement is selective and takes place in phases. “Operational improvement” is a much hailed significant source of value creation by private equity (PE) firms in PE-backed companies. Although operational improvement can immediately be understood as a process of making a business run more efficiently, what it actually involves is […]