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...

PERACS Alpha: Diving deeper into PE performance

Performance measurement in private equity can be a difficult task.  Yes IRR and MOIC are generally used because they are seemingly easy to calculate and understand, but does...
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