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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<strong>BVCA</strong> <strong>Private</strong> <strong>Equity</strong> <strong>and</strong> <strong>Venture</strong> <strong>Capital</strong> Performance Measurement Survey 2011 29<br />
Range of returns – multiple (%) by investment stage <strong>and</strong> 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 />
Small/Mid-MBO<br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Total 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />
Mid/Large MBO<br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Total 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />
<strong>Venture</strong><br />
% p.a.<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Total 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />
No. of funds 146 11 12 11 12 13 13 6 10 6 13 17 22 158 10 12 12 14 12 16 7 10 7 18 18 22 94 0 10 1 9 11 12 12 6 2 7 12 12<br />
Pooled average 146 161 137 141 156 176 208 225 174 188 128 90 114 149 192 172 179 159 215 197 201 175 205 127 107 124 104 n/a 161 n/a 90 56 109 103 105 n/a 119 127 115<br />
10th percentile 266 288 258 410 239 302 487 n/a 235 n/a 305 232 229 261 301 235 242 271 327 374 n/a 235 n/a 233 170 229 157 n/a 199 n/a n/a 111 152 140 n/a n/a n/a 175 187<br />
25th percentile 186 179 173 176 179 181 328 288 220 310 166 126 164 190 220 179 206 183 219 279 266 219 289 151 127 164 114 n/a 162 n/a 126 89 108 102 116 n/a 103 112 171<br />
Median 131 143 110 95 150 139 199 203 162 180 132 98 109 147 165 128 150 150 163 192 191 162 228 130 103 121 74 n/a 124 n/a 60 59 74 70 78 n/a 55 82 96<br />
75th percentile 91 50 91 63 90 78 165 96 120 111 85 77 91 104 136 100 94 90 96 164 128 130 132 100 91 107 47 n/a 64 n/a 38 26 41 37 62 n/a 28 71 61<br />
90th percentile 62 11 66 19 54 27 108 n/a 84 n/a 54 70 56 80 56 66 35 60 69 135 n/a 84 n/a 75 70 82 27 n/a 47 n/a n/a 20 10 21 n/a n/a n/a 48 37<br />
Inter-decile range 204 277 191 391 185 276 379 n/a 151 n/a 251 162 174 182 245 169 207 211 258 240 n/a 151 n/a 158 101 147 130 n/a 152 n/a n/a 91 142 119 n/a n/a n/a 127 150<br />
Range of returns 553 306 232 441 216 349 480 352 152 325 313 188 307 395 257 191 232 238 287 315 352 152 270 302 195 307 203 n/a 154 n/a 141 95 153 125 97 n/a 186 155 159
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