Vietnam Private Equity Blog: What does it take to be in the top 10 ...
While Cambridge Associates is the leader in tracking the performance of private equity funds by vintage year and regional focus, Cambridge Associates doesn’t provide a detailed list of the performance of specific funds.
The best public record, of which I am aware, for tracking the performance of specific private equity funds is CalPERS, the California Public Employees Retirement System, which reports the performance of 293 private funds in which they currently hold investments. I acknowledge CalPERS for the high level of transparency that they provide, as it empowers the LP and GP community to identify patterns and theories on what’s working best and what’s not working, therefore contributing to the development of the private equity industry.
To be in the top decile (10%) of CalPERS existing funds as of 31 December 2009 based on net return multiple, the cutoff is a net return multiple of 2.2x, whereas the average net return multiple for the top
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