Performance

Indiana U. study ties rising valuations to market timing Studies, SEC believe firms boost returns around fundraising “It’s a simple timing-of-fundraising story”: Indiana’s Hüther Limited partners and the SEC have long suspected that private equity firms goose portfolio-company valuations around the time they market new funds. A new study suggests the link between fundraising and […]

New GPs raised $26 bln across 226 funds in 2017 Lack of track record, LP re-ups among obstacles 1st-time funds have tended to outperform since 2000 Last year was a blockbuster for private equity fundraising, but emerging managers continued to face challenges: Final closes by first-time funds fell 20 percent from 2016, data provider Preqin reports. That […]

The vintage 2003 Genstar Capital Partners III LP fund rang up an IRR of 39.6 percent as of Sept. 30, 2015, for California Public Employees’ Retirement System’s California Emerging Ventures portfolio managed by Grove Street Advisors. The performance beat the top-quartile threshold of 21.4 percent and the median of 13.5 percent in an annual survey […]

Wynnchurch Capital Partners III, the vintage 2010 buyout fund from Chicago-based Wynnchurch Capital, generated a 39 percent net IRR as of December 31, according to an annual meeting document from a source. An annual study of public pension fund data by Buyouts estimated a top-quartile IRR threshold of 21.4 percent and a median of 12.9 […]

Palladium Equity Partners, the New York firm founded in 1997 by Marcos Rodriguez, rang up an IRR of 20.4 percent for New York City Public Employees’ Retirement System as of Dec 31, 2014, according to the pension fund. That’s ahead of the top quartile threshold of 11.7 percent and the median of 8 percent for […]

The vintage 2006 Brentwood Associates Private Equity IV fund delivered an IRR of 15.6 percent as of March 31, 2015, for Indiana Public Retirement System, according to data from the pension fund. That’s ahead of the 14.4 percent top-quartile threshold for that vintage year, according to an annual analysis of public pension fund data by […]

Mill Road Capital, the vintage 2006 debut fund from the Greenwich, Connecticut, private equity firm, logged an IRR of 15.7 percent as of March 31, 2015, for Indiana Public Retirement System, according to data from the LP. The performance is ahead of the top quartile threshold of 14.4 percent for that year, according to an […]

Sterling Group Partners III LP, the vintage 2010 buyout fund from Houston-based The Sterling Group, logged a net IRR of 23.5 percent as of December 31, 2014, for Sacramento Private Equity Partners. That’s ahead of the top-quartile threshold of 21.4 percent in an annual analysis of pension fund data by Buyouts. Partner Kent Wallace, who […]

The vintage 2006 Thompson Street Capital Partners II fund from Thompson Street Capital Partners rang up an investment multiple of 2.0x as of May 31, 2015, for the Oklahoma Police Pension & Retirement System. That’s ahead of the top-quartile threshold of 1.7x and the median of 1.4x for that vintage year, according to public pension […]

The $1.3 billion, vintage 2012 Thoma Bravo Fund X from Thoma Bravo had a net internal rate of return of 34.2 percent as of September 30, according to an investor who asked not to be named. That IRR well above the 14.8 percent top-quartile threshold for U.S. private equity funds of the same vintage, and […]