What Drives Your Returns? Investors Want to Know

A survey recently conducted by Private Equity International (PEI) asked private equity investors what issues concerned them the most. U.S., European and Asian investors were...

Private Equity Mathematics

There now exists sophisticated quantitative methods for private equity GPs and LPs to assess investment opportunities, to value businesses, to benchmark portfolio performance,...

The Layers of PERACS Alpha: What is Your GPs’ Skill Set?

If investors really want to get to the bottom of how their general partner performs, gathering an historical breakdown of the firm’s alpha will give investors a clear understanding...

Alpha In a Crisis: How Private Equity Perseveres

In times of crisis, liquidity and exiting investments is on the minds of panicking investors across asset classes. They are seeing their returns erode and are likely to be...

Is Your PE Firm Just Riding the Wave?

Before LPs look at performance figures such as the misguided IRR, another question should be asked. How are GPs achieving their performance? Are they financial engineers relying...

Is Your Buyout Firm Really Top Quartile? Right.

During fundraising, a GP is compelled to say the two magic words: “Top quartile.” GP’s reliance on the traditional, but inaccurate IRR calculation allows for the misclassification...

IRR is an Equal Opportunity Manipulator

Buyout funds are not the only ones striving for “Top Quartile” status to include in their communications and attract potential investors. In fact, they aren’t the worst...

Red State vs. Blue State: Where Will PE Thrive?

With the conclusion of the midterm elections, the balance of the political landscape has shifted. Republicans now have control of the Senate, the House and hold a significant...
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