Harris, R.S., Jenkinson, T. and Kaplan, S.N.
Private Equity Performance: What Do We Know?
External resources
15 Oct 2014
Performance of nearly 1,400 U.S. buyout and venture capital funds using a new data set from Burgiss. We find better buyout fund performance than previously documented—performance has consistently exceeded that of public markets. Outperformance versus the S&P 500 averages 20% to 27% over a fund's life and more than 3% annually. Venture capital funds outperformed public equities in the 1990s, but underperformed in the 2000s. Our conclusions are robust to various indices and risk controls. Performance in Cambridge Associates and Preqin is qualitatively similar to that in Burgiss, but is lower in Venture Economics.
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The Performance of European Private Equity Benchmark Report 2021
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Proven performance: European private capital continues to outshine public markets in 2021 as economies recover from pandemic
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The Performance of European Private Equity Benchmark Report 2020
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European private equity delivers long-term outperformance over publicly listed equities in 2020
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The Performance of European Private Equity Benchmark Report 2019
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European private equity outperforms listed equities over long term, new research shows
Press releases
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