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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Range of returns (multiple) by investment stage <strong>and</strong> subcategory (%) Since inception to December 2011<br />
Total Value (TVPI)<br />
Pooled average<br />
10th percentile<br />
25th percentile<br />
Median<br />
75th percentile<br />
90th percentile<br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Pre-1996 vintage funds<br />
Total<br />
Early<br />
stage<br />
Development<br />
Mid-<br />
MBO<br />
Large<br />
MBO<br />
Generalist<br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
1996 vintage funds onwards<br />
Subtotal<br />
<strong>Venture</strong><br />
<strong>Venture</strong><br />
pre-2002<br />
<strong>Venture</strong><br />
2002<br />
onwards<br />
Small<br />
MBO<br />
Mid<br />
MBO<br />
Large<br />
MBO<br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
<strong>BVCA</strong> <strong>Private</strong> <strong>Equity</strong> <strong>and</strong> <strong>Venture</strong> <strong>Capital</strong> Performance Measurement Survey 2011 23<br />
0<br />
Subcategories (all vintages)<br />
Total UK Non-UK Pan<br />
European<br />
No. of funds 153 24 35 33 26 35 280 94 43 51 28 118 40 433 307 126 118 111 322<br />
Pooled average 198 171 171 177 192 243 146 104 94 114 146 146 149 149 151 149 151 106 151<br />
10th percentile 270 326 266 250 255 315 234 157 157 173 308 261 269 251 251 253 265 224 258<br />
25th percentile 218 228 171 208 207 246 172 114 122 109 168 190 199 187 188 187 212 160 193<br />
Median 160 177 126 160 185 175 115 74 69 76 91 142 162 135 132 144 159 93 144<br />
75th percentile 119 115 68 125 140 125 74 47 41 53 60 97 125 83 81 90 97 55 99<br />
90th percentile 67 65 43 107 100 65 45 27 24 32 36 75 107 48 46 60 69 29 62<br />
Inter-decile range 203 261 223 143 155 250 189 130 133 141 272 187 162 203 204 193 196 195 196<br />
Range of returns 532 505 492 265 399 522 553 203 195 203 551 395 287 553 553 459 539 511 553<br />
Technology<br />
Non<br />
Technology
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