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Laxman Pai, Opalesque Asia: The State Street Global Exchange Private Equity Index (GXPEI) posted a moderate increase of 3.03% in the third quarter of 2018.
The Venture Capital category continued to lead for the third quarter in a row with a 4.65 % gain, followed by Buyout Funds with 2.84 %; Private Debt lagged behind with a 1.34 % return for the quarter, State Street said.
The PEI is based on directly-sourced limited partnership data and represents around $2.8tn in private equity investments, with more than 2,900 unique private equity partnerships, as of September 30 2018.
"2018 is on course to set the highest post-crisis fundraising records," said Anthony Catino, managing director, Alternative Investment Solutions for State Street. "In the first three quarters of 2018, Venture Capital and Private Debt surpassed their post-crisis fundraising peaks in 2017. The US and 'Rest of the World' focused funds met or were above their 2017 fundraising level, while European funds continue to lag behind."
Venture Capital funds outperform other PE strategies
Venture Capital funds outperformed the three main private equity strategies (Venture Capital, Buyout, and Private Debt) for the third quarter in a row, and the 4.65% return was the highest for Venture Capital funds since Q4 2014.
"In the third quarter of 2018, we saw much of the momentum from Q2 carry over with US and Venture Capital funds continuing to outperform. However, we also saw Buyout and Europea...................... To view our full article Click here
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