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investment performance

Washington
A tougher deal environment has made it challenging to consummate deals, and the quarter was a ‘low watermark’ for realisations, said co-chief executive Kewsong Lee.
Crowded market
Chinese private equity returns have been impacted by intense competition for technology assets across the Asia-Pacific markets.
Small- and mid-cap funds have been alpha generators for the pension system's PE portfolio, according to chief investment officer Farouki Majeed.
'Parts of the legacy portfolio do not have a prospect of generating a return commensurate with the risk and the illiquidity entailed, and may not provide a return at all,' CIO Narv Narvekar wrote.
Moscow, Russia
Its first fund, a 2008-vintage, still has four remaining assets and is operating at 0.8x gross total value, according to a source with knowledge of the matter.
Stephen Schwarzman
On the Q3 earnings call, the co-founder highlighted portfolio company hiring and investment returns at the firm, whose assets under management have hit a record $554bn.
eFront research
The average total-value-to-paid-in multiple of active LBO funds hit 1.43x in the second quarter of this year – the lowest point in three years, according to eFront.
fundraise
Funds I and II generated huge loss ratios but changed strategy Fund III onwards brought the ratio to zero.
PSERS
The pension system has reviewed opportunities from more than 20 GPs and made more than 54 private equity co-investments.
Benelux, Nordic and UK funds were the highest performers in Europe as of end-2018, generating at least 16% IRR each.
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