BVCA Private Equity and Venture Capital ... - BVCA admin
BVCA Private Equity and Venture Capital ... - BVCA admin
BVCA Private Equity and Venture Capital ... - BVCA admin
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
20 <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 />
Continued<br />
Medium to long-term return – IRR (% p.a.) by vintage year <strong>and</strong> investment Stage<br />
Small/Mid MBO Mid/Large MBO <strong>Venture</strong><br />
No. of funds Three years Five years No. of funds Three years Five years No. of funds Three years Five years<br />
1996 11 2.7 5.4 10 -19.6 69.4 0 n/a n/a<br />
1997 12 -17.0 7.8 12 -16.1 46.9 10 1.3 -3.0<br />
1998 11 -9.2 16.3 12 13.5 42.6 1 n/a n/a<br />
1999 12 8.5 20.8 14 -0.8 7.1 9 -2.5 -6.6<br />
2000 13 -3.2 5.8 12 31.8 22.2 11 -13.3 -9.8<br />
2001 13 -1.7 17.2 16 -2.9 12.2 12 6.1 5.8<br />
2002 6 23.6 9.2 7 19.9 23.0 12 -8.2 -0.8<br />
2003 10 1.7 24.5 10 10.3 22.4 6 8.0 5.7<br />
2004 6 17.2 45.4 7 9.9 27.4 2 n/a n/a<br />
2005 13 9.1 9.7 18 8.9 6.2 7 8.0 9.7<br />
2006 17 -4.6 -3.9 18 9.6 1.3 12 12.2 9.6<br />
2007 22 7.0 n/a 22 10.4 n/a 12 6.1 n/a<br />
2008 12 12.1 n/a 13 7.3 n/a 5 9.8 n/a<br />
2009 11 n/a n/a 7 n/a n/a 8 n/a n/a<br />
2010 10 n/a n/a 3 n/a n/a 3 n/a n/a<br />
2011 8 n/a n/a 5 n/a n/a 5 n/a n/a<br />
Total 187 5.2 11.2 186 9.1 8.4 115 2.6 1.7
Change language