
Large buyout funds lead performance figures
Large buyout funds continue to show the most impressive performance, according to a recently published fund performance survey, with 1996 vintages and onwards generating an aggregate 23.7% IRR to December 2007. Post 1996 mid-market buyout funds have also performed well over a 10-year period, returning an aggregate 14.6% IRR to investors. For 1996 and 1997 all-fund vintages, the most recent where 10-year performance can be measured, the IRR was 19.6% and 16.4% respectively. "If you get 15-20% over a 10-year, period, that's going to beat almost anything else in your portfolio," said John Gripton, managing partner at private equity asset manager Capital Dynamics. (See news, page 10).
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