Private Equity
In the private equity investing world, the major measuring stick of success remains the IRR that a fund generates. Buyouts this year compiled performance data from over 30 limited partners and looked at the IRRs generated by members of the big-name fund families. While funds managed by Thomas H. Lee produced the highest top-quartile IRR of 37.1 percent, those managed by Hellman & Friedman displayed the strongest IRRs overall. Its bottom quartile IRR of 22.5 percent bested almost all the other fund families’ median IRRs.
1 min read · 16 September 2015
U.S.-based buyout and mezzanine fundraising had another vigorous two weeks. Since Buyouts last went to press, the 2015 total grew by nearly $5 billion and the 2015 total is now over $154 billion, some $10 billion more than at this time in 2014.
1 min read · 16 September 2015
Commonfund Capital, a manager of funds of funds on behalf of endowments, foundations and other big investors since 1988, has been an influential limited partner, with more than $14.6 billion in private capital under management. Buyouts for the first time has found a cache of performance data for the firm, and the early results on several of their vintage-2007 and younger funds are mixed.
2 min read · 08 September 2015
U.S.-based buyout and mezzanine fundraising ramped back up since the last issue of Buyouts. The year-to-date total grew by about $6 billion since we last went to press, and it now stands at $149.3 billion. The yearly aggregate is a full $13 billion ahead of where it was at this time in 2014.
2 min read · 04 September 2015
As with median IRR, New Mexico Educational Retirement Board, Indiana Public Retirement System and Massachusetts Pension Reserves Investment Management lead the way with average IRRs of 18.12 percent, 15.01 percent and 14.57 percent, respectively. In fourth place is Regents of the University of California, at 13.37 percent, followed by the Public Employees’ Retirement System of Nevada, at 13.17 percent. All told Buyouts maintains performance records, including on buyout, venture capital and related funds, for 35 limited partners.
1 min read · 03 September 2015
Hispania Private Equity II led the way in IRR increase by percentage points over a recent one-year period (typically calendar year 2014), according to a database of 2010-vintage fund and older buyout and related funds. Buyouts Insider keeps a continuous record of private equity performance from some of the biggest LPs in the country. The table below shows the top 10 by percentage point gain of the nearly 1,500 funds were analyzed.
1 min read · 24 August 2015
U.S.-based buyout and mezzanine fundraising seemingly went on a summer vacation since the last issue of Buyouts. The 2015 total now stands at $143.4 billion, having grown by $3.4 billion since we last went to press. Fundraising is tracking $15 billion ahead of last year.
1 min read · 21 August 2015
The plumping of U.S. buyout funds is a trend driven by mega-funds returning to the fundraising market, firms stepping up their fund size on the back of strong performance, and a recovering appetite for private equity by institutional investors in the wake of the financial crisis.
1 min read · 21 August 2015
The Colorado Public Employees’ Retirement Association enjoyed a strong spell of private equity distributions last year in its private equity portfolio, realizing over $899 million. Vintage funds from 2005-2008 did the heavy lifting, accounting for $606.8 million, or roughly two-thirds, of that total.
1 min read · 20 August 2015
2 min read · 20 August 2015
