Preliminary performance figures compiled by
The performance figures relating to the private equity industry as a whole on a pooled average basis show an overall 11.7% return by the asset class, net of management fees and carried interest with venture capital returning 4.5%.
Within those broad buyout and venture capital bands it was the large and medium buyout funds that proved to be the best performers last year showing returns of 21.9% and 17.4% respectively. On the venture capital (VC) front, funds dedicated to development stage VC were the ones to watch, as funds specialising in that particular stage generated returns of 7.8%.