EUROPE - EVCA data shows increased returns in 07
Private equity delivered increased returns for investors in 2007, with buyout funds the best performers, according to data from the European Venture Capital Association.
Average fund returns in 2007 were 11.7%, up on the 10.8% recorded in 2006. Buyout funds returned 16.1%, net of management fees and carried interest, to investors in 2007. Venture capital funds returned 4.5%.
However, money raised for investment was significantly down on 2006, with €74.3bn raised in 2007, compared to the €122bn raised the previous year. Importantly, capital invested remained stable and could exceed the €71bn committed by managers to investee companies in 2006.
The figures were compiled by PEREP_Analytics.
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