
PE performance: UK outclassed neighbours in Q3, says study
Cambridge Associates finds that the UK private equity and venture capital markets outperformed other developed economies (excluding the US) in an otherwise negative Q3 2011.
According to the Global ex US Developed and Emerging Markets Private Equity and Venture Capital Index recorded by Cambridge Associates, Q3 of 2011 was the first quarter to show negative returns across the board since Q2 of 2010. Funds from the 2006 vintage had the lowest returns of the large vintages, and therefore had the biggest negative impact on the benchmark's return.
Nevertheless, private equity and venture capital still fared better than public equities, outperforming the stock market by a margin of more than 10%.
The British private equity industry outperformed the other nations in the index - including Denmark, France, Germany, Italy, the Netherlands and Sweden - but still recorded returns of -6.2%. All sectors recorded negative results.
The index records the performance of the private equity industries in Western Europe, Australia, New Zealand, Japan, Canada and Israel.
Find the press release from Cambridge Associates here.
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