A new study from a U.S. investment consulting firm found that private equity performance over a nearly 20-year time horizon accounted for a 4% annualized excess return over public equities.
The data set collected by Cliffwater centered on returns generated by large state pension systems over a 19 fiscal year period from 2001 through 2019.
Most of the pension funds included in Cliffwater’s study have a private equity performance aim of outperforming public equity by a set percentage – for instance 3% net of all fees. The equity index used to represent public . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
