Does the size of a private equity buyout fund have any significant impact on returns? Preqin's private equity spotlight monthly newsletter asks this key question.
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Most investors -- around 51% of those surveyed -- believe that small-sized and mid-market buyout funds currently present the best opportunities in the private equity market. On the other hand, only around 10% of investors believe that large-sized and mega buyout funds offer the best opportunities.
However, despite investor beliefs, large/mega cap buyout vehicles are currently dominating the private equity space. Over $186 billion was raised for buyout funds during 2014. 70% of this total was raised by 27 large-sized funds and eight mega funds. At present, just six of the 282 buyout funds in existence...

