Research

Massachusetts Pension Reserves Investment Trust Fund has the highest annualized 10-year private equity return among public pension funds, with 17.93 percent, according data collected by Bison for the Private Equity Growth Capital Council. The California Public Employees’ Retirement System led the way in overall capital invested in the PE marketplace with $31.5 billion — headlining a West Coast-heavy […]

Here are the key statistics in private equity fundraising, deals and exits for the fourth quarter of 2015. Download the “Buyouts Insider Q4 2015 Highlights” slide show as a PowerPoint: Buyouts Insider Q4 2015 Highlights

The majority of general partners that promise priority returns to investors set the threshold at 8 percent, according to Buyouts Insider’s “PE/VC Partnership Agreements Study” for 2016-17. The 8 percent hurdle is particularly common among both North American and international buyout funds. Action Item: Purchase the “PE/VC Partnership Agreements Study” for 2016-17 in The PE Hub Network Marketplace […]

General partners often agree to provide some annual rate of return to investors before taking their share of profit, giving limited partners additional security that they won’t end up in a clawback situation. (Hellman & Friedman and Warburg Pincus famously don’t offer priority returns.) This has become especially true for North American buyout firms, where over […]

U.S.-based buyout and mezzanine fundraising has surpassed last year’s lofty total, thanks in part to some big funds holding closings in the past few weeks. Madison Dearborn held a first close of $3 billion on its seventh flagship fund, which has a $3.75 billion target and a $4 billion hard cap. Also securing $3 billion was […]

The PE portfolio of the Oregon Public Employees Retirement Fund enjoyed a lucrative 12-month span ending June 2015, generating $3.7 billion in distributions. Five funds returned more than $100 million each during the time frame. Kohlberg Kravis Roberts & Co played a prominent role with two of the top five funds as measured by absolute distributions. KKR 2006 Fund […]

The PE portfolio of the Oregon Public Employees Retirement Fund enjoyed a lucrative 12-month span ending June 2015, generating $3.7 billion in distributions. Five funds returned more than $100 million each during the time frame. Kohlberg Kravis Roberts & Co played a prominent role with two of the top five funds as measured by absolute […]

U.S.-based buyout and mezzanine fundraising had a huge two-week stretch, seeing its yearly total skyrocket by about $14.5 billion. This brings the 2015 total to $187.8 billion, about $1 billion short of where it was at this time last year. Warburg Pincus did the heavy lifting, closing on a colossal $12 billion for its 12th […]

The global PE horizon IRRs benchmarks from Pitchbook show that funds of $1 billion or more provided the highest returns from the three-year mark and beyond. And since private equity is inherently a long-term investment, LPs looking for better returns should look to bigger funds, according to the data. Photo courtesy of ShutterStock