As the private equity industry has matured, it has become clear to fund managers and investors alike that traditional measures for comparing private equity investments with listed equities are perfectible.
Long-term investors need to know how their investments are performing, in both absolute and relative terms. They need to be able to make comparisons that work across asset classes in order to construct balanced strategies. This presents a challenging array of issues to arrive at measurements that are accurate, consistent, and transparent.
At the same time, it is also obvious that performance has become a highly charged and high-profile topic. Selective measurements can present European private equity returns relative to public markets out of context. In doing so, they lack transparency and accuracy because they do not compare like with like.
Invest Europe actively supports the drive to more consistent and robust metrics that can enable investors to compare assets more easily. Our research on measuring private equity performance adds real understanding to the body of work on benchmarking private equity assets against public markets.
A transparent study of private equity returns. The findings show that European private equity strongly outperformed listed equity benchmarks to the end of 2020, underlining the industry’s resilience during the COVID-19 crisis and its consistent ability to support the long-term investors that guarantee the pensions and savings of European citizens.
Invest Europe’s report on benchmarking public and private markets investments analyses the different metrics available for measuring private equity fund performance. It identifies the strengths and weaknesses of the internal rate of return (IRR), multiple of invested capital (MOIC) and public market equivalent (PME).
Invest Europe’s 2019 private equity performance benchmark report measures European private equity returns against relevant stock market indices, as well as private equity funds from North America and the rest of the world on a range of metrics.
Transforming a loss-making business into a modern, profitable retailer.22 Nov 2019
Building a Polish waste management leader12 Nov 2019
Building Central and Eastern Europe’s leading substrate producer12 Nov 2019
Amplifying one of Europe’s most innovative audio-visual businesses02 Jul 2019
Nurturing a Spanish leader in herbal extracts02 Jul 2019
Transforming a UK tech start-up into a global online marketing tool04 Apr 2019
Transforming a Turkish start-up into a global in-memory computing leader12 Sep 2018
Irish-based manufacturer of premium branded chocolates and desserts10 Jul 2018
Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.
Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.
Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.
Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.
You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies
Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.
To manage cookies on your mobile phone please consult your manual or handbook.
If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.
If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.
If you use a different device, computer profile or browser you will have to tell us your preferences again.
If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.
We can't be responsible for the content of external websites.Opt-out of cookies