BVCA Private Equity and Venture Capital ... - BVCA admin
BVCA Private Equity and Venture Capital ... - BVCA admin
BVCA Private Equity and Venture Capital ... - BVCA admin
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18 <strong>BVCA</strong> <strong>Private</strong> <strong>Equity</strong> <strong>and</strong> <strong>Venture</strong> <strong>Capital</strong> Performance Measurement Survey 2011<br />
Returns by vintage year (1996 onwards) <strong>and</strong><br />
investment stage – IRR <strong>and</strong> multiple<br />
Since-inception return to Dec 2011 – IRR (% p.a.) by vintage year <strong>and</strong> investment stage<br />
Small/Mid MBO - to Dec '11 Mid/Large MBO - to Dec '11 <strong>Venture</strong> - to Dec '11<br />
No. of funds IRR (% p.a.) No. of funds IRR (% p.a.) No. of funds IRR (% p.a.)<br />
1996 11 12.4 10 18.0 0 n/a<br />
1997 12 6.9 12 14.7 10 21.1<br />
1998 11 6.8 12 13.2 1 n/a<br />
1999 12 10.2 14 10.4 9 -2.0<br />
2000 13 18.1 12 20.9 11 -8.9<br />
2001 13 26.5 16 26.6 12 1.5<br />
2002 6 29.9 7 32.8 12 0.7<br />
2003 10 21.8 10 24.1 6 1.3<br />
2004 6 26.3 7 27.3 2 n/a<br />
2005 13 7.8 18 7.6 7 4.8<br />
2006 17 -4.1 18 2.0 12 8.9<br />
2007 22 5.7 22 9.4 12 5.2<br />
Total 146 12.6 158 14.4 94 0.9
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