Is Private Equity Delivering?

Is Private Equity Delivering? by Pantheon

A study published today by global private equity and real assets investor, Pantheon, finds that private equity has outperformed both passive and active equities on a historical basis, net of management fees and carry. “Is Private Equity Delivering?” set out to quantify historical private equity returns from 1990 to 2006 relative to public equity benchmarks, and established significant outperformance against both the passive public equity benchmark as well as an active public equity universe.

The approach taken by the study’s authors, Dr. Andres Reibel, a member of Pantheon’s Research Team, and Nik Morandi, Global Head of Portfolio Strategy and Research, first compared the performance of U.S. buyout funds to the S&P 500 index,...