Drawing on data compiled for the forthcoming 2014 Preqin Private Equity Performance Monitor, Preqin has created league tables of private equity managers that have most consistently outperformed their peers. The league tables do not seek in any way to endorse these fund managers, but rather to illustrate those that have performed the most consistently in the past. All three fund strategies that have been presented – buyout, venture capital and funds of funds – have seen new entries achieve the highest possible score this year compared to similar league tables created in 2013.
Private Equity Fund Managers Performance: Methodology
The league tables of consistent performers are compiled using only the funds for which Preqin has performance data and has assigned a quartile ranking. 2012, 2013 and 2014 vintage funds have been excluded as these funds are too early in their fund lives to generate a meaningful IRR. The lists are restricted to active fund managers that have raised at least three funds of a similar strategy, and have either raised a fund in the past six years or are currently raising a fund of a similar strategy to their predecessor fund.
Preqin assigns quartile rankings to private equity funds based on both the multiple and IRR, taking into account the fund vintage, strategy and geographic focus. Top quartile funds are given a score of one, second quartile funds are given a score of two, and so on. An average quartile ranking is then calculated.
Private Equity Fund Managers Performance: Key Findings
- Four buyout managers achieved the best possible score of 1.00: Altor, based in Sweden, and Rhone Capital, Trilantic Capital Partners and Wynnchurch Capital Partners, all of which are based in the US. Rhone Capital and Trilantic Capital Partners are new entries to the league table this year.
- Five venture capital fund managers have achieved the best score of 1.00: Pittsford Ventures Management, Sequoia Capital, Benchmark Capital, OrbiMed Advisors and Union Square Ventures, all of which are headquartered in the US. Union Square Ventures is a new entry in 2014.
- Only one fund of funds manager has achieved the best average score of 1.00 in 2014: Nordea Private Equity based in Denmark. The manager is a new entry to the league table this year.
For more information and to view the complete league tables, please see the factsheet below
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