Private Equity Fund Performance
Research from Bain & Co. found 75% of all private equity funds could “legitimately be ‘top quartile’ performers, depending on the type of data used for comparison” (source: WSJ, August 4, 2014). Services such as Preqin, Thomson Reuters, and Cambridge Associates LLC are considered to be objective sources for accurately reporting private equity performance. Professor Korteweg at USC believes high private equity returns are due to mostly luck and some skill.