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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26 <strong>BVCA</strong> <strong>Private</strong> <strong>Equity</strong> <strong>and</strong> <strong>Venture</strong> <strong>Capital</strong> Performance Measurement Survey 2011<br />
Range of returns (IRR <strong>and</strong> multiple) since inception –<br />
vintage year<br />
Continued<br />
Range of returns – multiple (%) by vintage year 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 />
Total 1980–84 1985–89 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />
No. of funds 433 13 68 13 14 7 10 19 9 13 24 16 24 26 30 19 18 10 26 36 38<br />
Pooled average 149 206 185 157 186 193 195 266 192 190 168 176 155 189 193 181 170 201 126 108 123<br />
10th percentile 251 441 287 281 276 n/a 250 321 n/a 283 226 308 225 242 366 266 232 385 208 172 201<br />
25th percentile 187 251 216 205 203 224 176 227 203 199 179 206 173 158 219 158 190 283 148 122 157<br />
Median 135 193 177 161 159 189 123 160 107 145 124 122 125 90 162 77 138 158 110 98 109<br />
75th percentile 83 134 120 109 124 140 85 134 78 55 85 68 60 54 74 38 82 65 73 75 83<br />
90th percentile 48 48 59 86 55 n/a 44 119 n/a 20 53 32 38 23 39 15 67 5 42 63 52<br />
Inter-decile range 203 393 227 195 221 n/a 206 202 n/a 263 173 276 187 219 327 251 165 379 166 110 149<br />
Range of returns 553 492 505 208 273 178 211 354 497 306 244 441 260 349 547 352 197 395 346 209 307
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