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The Institutional Limited Partners Association, in partnership with Cambridge Associates, has begun releasing its quarterly performance benchmarks based on returns from some 2,650 unique funds.
Buyout deal volume has been very strong in 2013, far exceeding the $97.6 billion recorded in 2012.
The cumulative vintage year performance for all buyout funds shows that the internal rate of return reached a peak high for 2009 funds at 18.46 percent, as of June 30, according to Thomson Reuters.
Based on 10-year and five-year annualized returns generated by private equity investments, Massachusetts Pension Reserves Investment Trust maintained the highest private equity performance, followed by the Los Angeles County Employees Retirement Association and the Teacher Retirement System of Texas.
The average payroll as a percentage of revenues (management fees plus other fees) for all firms is 50 percent.
Taken from the latest Holt-MM&K-TR PE/VC Compensation Report, the average number of years it takes to make partner/ managing director following an MBA program is eight years for all firms surveyed.
The number of exits by U.S.-based financial sponsors has remained steady from the second to the third quarter, although the disclosed volume of M&A exits jumped significantly.
The latest Holt-MM&K-Thomson Reuters North American PE/VC Compensation Report shows that following the rebound in overall compensation witnessed in 2011, median compensation across both private equity and venture capital firms has moderated somewhat, but bonuses, salary and carry continued to rise for both partners and non-partners alike.
Nordic pledge takes TCDRS up to European target A $20 billion state pension fund in Texas rounded off a summer of European private equity shopping with a €40 million ($53 million) commitment to Nordic Capital Fund VIII. This followed July commitments of €40 million to London-based CVC Capital Partners’ sixth fund and €22 million ($29 […]
The consumer products and services industry accounted for 1,749 transactions by U.S. sponsors with aggregate reported financial terms of almost $130 billion over the past ten years through Sept. 23.