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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2004 to 2006 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 51<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 72 21 8 28 15 72 21 8 28 15 72 21 8 28 15<br />
Pooled average 6.1 6.8 0.2 7.0 6.0 38.2 19.9 33.4 52.1 35.3 120.9 122.6 100.6 120.7 121.3<br />
10th percentile 35.7 18.5 n/a 51.7 27.8 174.2 45.2 n/a 254.2 122.4 224.7 182.3 n/a 289.4 225.7<br />
25th percentile 13.5 1.3 15.5 20.2 15.3 62.3 19.2 43.1 144.3 71.2 146.1 103.4 140.5 170.2 150.7<br />
Median 2.3 -6.9 0.5 6.4 8.5 20.7 4.9 18.5 46.9 28.8 107.6 74.9 100.1 119.1 127.9<br />
75th percentile -6.4 -16.5 -12.3 -1.6 1.7 3.1 0.0 4.3 8.3 9.0 74.6 49.3 65.0 96.5 107.4<br />
90th percentile -14.6 -36.3 n/a -10.0 -11.0 0.0 0.0 n/a 2.7 0.0 52.2 19.4 n/a 74.0 70.6<br />
Inter-decile range 50.3 54.7 n/a 61.7 38.8 174.2 45.2 n/a 251.5 122.4 172.5 162.9 n/a 215.4 155.1<br />
Range of returns 123.7 67.7 51.5 90.5 60.1 393.7 85.8 192.1 393.7 165.3 395.2 203.4 177.5 334.0 231.9<br />
2005 to 2007 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 100 31 11 41 17 100 31 11 41 17 100 31 11 41 17<br />
Pooled average 5.8 6.6 -1.0 4.7 6.1 30.5 20.7 23.1 33.9 30.2 118.7 120.9 97.4 113.4 120.4<br />
10th percentile 21.4 20.8 33.2 41.6 17.4 70.1 57.9 162.5 145.8 74.4 196.5 188.1 210.6 230.7 157.5<br />
25th percentile 13.5 6.7 7.0 19.4 11.8 45.4 28.0 41.6 51.2 63.3 145.8 114.1 130.4 158.7 147.0<br />
Median 2.6 -5.2 -3.6 6.0 8.4 16.4 10.9 16.7 18.6 24.3 107.5 82.0 93.3 112.6 124.7<br />
75th percentile -6.4 -15.0 -14.3 -1.2 2.0 0.0 0.0 0.2 1.5 6.1 79.3 59.6 63.4 96.6 107.6<br />
90th percentile -14.7 -36.3 -15.2 -7.6 -8.7 0.0 0.0 0.0 0.0 0.0 55.1 33.2 45.7 74.4 75.3<br />
Inter-decile range 36.1 57.0 48.3 49.3 26.1 70.1 57.9 162.5 145.8 74.4 141.4 154.9 164.9 156.3 82.2<br />
Range of returns 123.7 75.7 52.2 90.5 41.9 251.2 85.8 192.3 251.2 87.4 362.9 186.1 182.6 362.9 104.9
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