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Benedicte Gravrand, Opalesque London: French private equity again outperformed all other major asset classes over the long term, including those with no risk, in an environment where returns have remained historically low for a long period of time.
Since inception to the end of 2015, the asset class offered average returns of 10% (net) per year, up from 9.8% at the end of 2014 on a like-for-like basis, according to an annual report by the Association Française des Investisseurs pour la Croissance (French private equity & venture capital association - AFIC) and EY.
Over a 10-year horizon, average net performance was also 10% per year, double that of French listed equity. During that same period, the average annual returns of buyout capital stayed healthy at 13.7%, venture capital grew to 2.6%, and growth equity remained at 6%.
Source: AFIC
Olivier Millet, AFIC's Chairman said the association’s goal is to "double the size of French private equity within five years to help companies grow, while encouraging even more channeling of savings into this robust asset class."
"The year 2015 confirms the good performance levels observed in recent years driven by the high return of buyout capital, w...................... To view our full article Click here
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