Study: Private Equity Does, Indeed, Have Alpha

The London Business School and HEC Paris this morning released a new study on private equity returns, with a particular focus on European buyout firms. They found that their sample — provided by fund-of-funds manager Pantheon — does indeed produce alpha, net of fees and carry.

It is worth noting that the research was sponsored by an industry trade group (BVCA), although it was conducted independently. Download it here.