Most Consistent Performing Alternative Asset Fund Managers In 2015 by Preqin
Nine venture capital fund manager achieved the highest possible score of consistent performance in 2015, up from five managers in 2014.
Drawing on data compiled for the forthcoming 2015 Preqin Alternative Assets Performance Monitor, Preqin has created league tables of alternative asset fund 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. Six primary strategies have been presented – buyout, venture capital, mezzanine, real estate, infrastructure and natural resources – with venture capital seeing the most fund managers achieve the highest possible score.
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The league tables of consistent performers are compiled using only the funds for which Preqin has performance data and has assigned a quartile ranking. 2013, 2014 and 2015 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.
Most Consistent Performing Alternative Asset Fund Managers:
- Buyout – Six buyout managers achieved the best possible score of 1.00: Inflexion, Vista Equity Partners, Harvest Partners, Odyssey Investment Partners, Altor and DFW Capital.
- Venture Capital – Nine venture capital fund managers have achieved the best score of 1.00: Pittsford Ventures Management, Sequoia Capital, Benchmark, OrbiMed Advisors, General Catalyst Partners, Union Square Ventures, Spark Capital, Pontifax and Atomoico.
- Mezzanine – No mezzanine fund managers achieved the best average score of 1.00 in 2015, but three achieved a score of 1.33: IFE Mezzanine, MezzVest and Bond Capital.
- Real Estate – Three real estate fund managers achieved the best score of 1.00: Carmel Partners, Centennial Holdings and Embarcadero Capital Partners.
- Infrastructure – The most consistent performing infrastructure fund manager in 2015 is Harbert Management Corporation with an average quartile ranking score of 1.75.
- Natural Resources – One natural resources fund manager achieved the best possible score of 1.00: Latin America Enterprise Fund Managers.