Private Equity Performance: Q3 2012

How has private equity been performing recently, and what does that performance mean for the long-term attractiveness of the asset class? These critical questions are addressed with data and expertise by Michael Elio, Managing Director of Industry Affairs at the Institutional Limited Partners Association (ILPA), Andrea Auerbach, Managing Director and Head of Private Investment Research at Cambridge Associates, and William Chu, Vice President at Zurich Alternative Asset Management.

In the first segment of a groundbreaking new series on private equity performance, these three performance and benchmarking experts analyze the recently compiled Q3 2012 private equity index numbers from Cambridge Associates and reveal the drivers of that performance – including “record breaking” cash distributions from GPs. Also discussed in this segment: the influence of public markets on recent PE performance, the so-called capital overhang, how LPs feel about sponsor-to-sponsor exits, how ILPA members view recent distributions and view the asset class as a long-term opportunity, and predictions for the coming quarters.

This is essential content for for GPs who need to understand how their track records will be evaluated, and LPs searching for best practices in benchmarking private equity fund managers.