Global ex US PE and VC Benchmark Commentary: Calendar Year 2019
With few exceptions heading into the COVID-19 crisis, the developed and emerging markets PE and VC indexes have handily outperformed their public market counterparts across time.
With few exceptions heading into the COVID-19 crisis, the developed and emerging markets PE and VC indexes have handily outperformed their public market counterparts across time.
For calendar year 2019, US private equity and venture capital produced high double-digit returns, as indicated by the Cambridge Associates LLC benchmark indexes.
Insights into key metrics for private US real estate managers and how they have evolved over time.
For the first time, this update to our annual report includes comparisons of private equity globally (roughly 8,500 companies in total) with public peers, as well as regional comparisons for approximately 4,000 US-based companies, more than 2,000 European companies, and more than 1,200 Asian companies acquired by PE firms from 2000 through 2018.
For first half 2019, US private equity and venture capital produced double-digit returns, as indicated by the Cambridge Associates LLC benchmark indexes.
The developed and emerging markets PE/VC indexes have outperformed their public market counterparts across time (based on modified public market equivalent returns).
This analysis includes our observations and more than 30 charts on key metrics including purchase price multiples, leverage multiples, revenue growth, earnings (EBITDA) growth, and earnings (EBITDA) margins.
The developed ex US and emerging markets PE/VC indexes have handily outperformed their public market counterparts across time based on modified public market equivalent (mPME) returns.
In contrast to the public markets, and despite a weak fourth quarter, the Cambridge Associates US private equity and venture capital indexes both produced double-digit positive returns for calendar year 2018.
Insights into key metrics for private US real estate managers and how they have evolved over time.