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BVCA Private Equity and Venture Capital ... - BVCA admin

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2000 to 2002 vintage funds<br />

<strong>BVCA</strong> <strong>Private</strong> <strong>Equity</strong> <strong>and</strong> <strong>Venture</strong> <strong>Capital</strong> Performance Measurement Survey 2011 49<br />

IRR (% p.a.) DPI TVPI<br />

Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO<br />

No. of funds 75 35 5 27 8 75 35 5 27 8 75 35 5 27 8<br />

Pooled average 21.6 -3.1 34.4 23.1 25.1 171.6 44.3 248.6 179.7 188.2 190.6 83.6 253.1 197.3 204.7<br />

10th percentile 37.0 6.5 n/a 53.2 n/a 261.7 88.4 n/a 354.0 n/a 277.4 138.2 n/a 355.4 n/a<br />

25th percentile 25.1 -2.3 47.6 32.3 35.2 162.5 55.4 407.6 226.7 253.2 185.9 89.2 409.4 248.6 267.0<br />

Median 3.3 -6.7 7.1 23.0 27.2 87.1 24.1 147.1 154.3 168.1 113.5 69.9 147.1 176.0 188.3<br />

75th percentile -7.9 -18.5 -17.2 10.8 19.9 24.0 12.2 28.2 123.4 153.2 63.5 36.2 37.7 127.7 169.9<br />

90th percentile -19.6 -22.7 n/a -5.0 n/a 0.9 0.0 n/a 59.1 n/a 25.9 19.3 n/a 70.8 n/a<br />

Inter-decile range 56.6 29.1 n/a 58.2 n/a 260.8 88.4 n/a 294.9 n/a 251.5 118.9 n/a 284.6 n/a<br />

Range of returns 117.0 65.4 85.1 71.4 20.6 552.6 101.1 552.6 380.8 165.9 552.6 152.8 550.4 387.5 181.2<br />

2001 to 2003 vintage funds<br />

IRR (% p.a.) DPI TVPI<br />

Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO Subtotal <strong>Venture</strong> Small MBO Mid MBO Large MBO<br />

No. of funds 67 30 4 25 8 67 30 4 25 8 67 30 4 25 8<br />

Pooled average 24.7 1.3 35.7 24.7 27.7 154.9 54.6 231.5 170.2 158.7 185.6 106.4 247.5 195.3 189.5<br />

10th percentile 41.7 7.6 n/a 62.3 n/a 239.7 89.5 n/a 356.0 n/a 270.3 138.9 n/a 358.7 n/a<br />

25th percentile 29.3 2.2 n/a 38.3 35.2 175.1 52.9 n/a 212.0 215.1 195.1 109.7 n/a 241.8 238.5<br />

Median 9.5 -5.9 n/a 25.7 29.7 83.4 24.2 n/a 163.4 156.0 139.0 73.6 n/a 189.6 183.7<br />

75th percentile -6.3 -15.1 n/a 11.5 17.8 24.1 7.1 n/a 125.4 137.6 73.2 38.1 n/a 149.5 164.1<br />

90th percentile -16.5 -20.3 n/a -3.3 n/a 0.0 0.0 n/a 45.6 n/a 37.5 21.6 n/a 78.7 n/a<br />

Inter-decile range 58.2 27.9 n/a 65.6 n/a 239.7 89.5 n/a 310.3 n/a 232.8 117.2 n/a 280.0 n/a<br />

Range of returns 90.5 37.9 n/a 72.4 22.6 552.6 101.1 n/a 380.8 253.6 552.6 152.8 n/a 387.5 184.6

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