The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley
The California Public Employees Retirement System (CalPERS) has the nation's largest private equity portfolio, and recently updated fund-by-fund performance data on its website. These are the numbers by which PE investors really are judged, so I figured it was worth a quick look to see the five best -- and five worst -- performing funds within the CalPERS portfolio.
Because private equity is a long-term asset class characterized by J-curvature, I've excluded all funds raised between 2007 and 2010. The relevant metric is net IRR. All data is through March 31. Here goes:
THE BEST:
THE WORST
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