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This report by Thomson Venture Economics offers a detailed performance analysis of private equity funds, covering US, European, and Asian markets from their respective inception years to June 30, 2005. It includes historical data on 1,740 US funds, 950 European funds, and 187 international funds, focusing on net returns to investors, cumulative internal rates of return (IRR), and annualized performance metrics. This document serves as an essential resource for benchmarking, asset allocation, and due diligence in the private equity industry.
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T H O M S O N F I N A N C I A L Global Private Equity Eileen XieDecember 2005
Thomson Venture Economics – Performance database Provide industry-standard products for use in benchmarking, commitments, asset allocation and due diligence • Maintained by Thomson Venture Economics since 1969 • 1740 US Funds formed 1969-2005 • 950 European/UK Funds 1980-2005 • 187 Other Intl Funds formed 1980-2005 • Information Requirements • Firm & Fund Information • Portfolio company investment • Transaction detail • Cashflows -- capital calls, distributions, net asset values
Private Equity Net Returns to Investors*From Inception to June 30, 2005 V C BUYOUTS *US Funds formed 1969-2005 European Funds formed 1980-2005 Asian Funds formed 1992-2001 Source: Thomson Venture Economics/NVCA/EVCA
Asian, US and European Private Equity Cumulative IRR Since Inception by Calendar Year(Inception to June 30, 2005)* US EUROPE Asia *US Funds formed 1969-2005 European Funds formed 1980-2005 Asian Funds formed 1992-2001
Venture Economics Private Equity Performance Index (PEPI)Pooled IRR net to investors as of June 30, 2005All funds formed 1969-2005 Source: Thomson Venture Economics/NVCA
US Venture FundsAnnualized Net Cumulative IRR by Vintage YearAs of June 30, 2005 Source: Thomson Venture Economics/NVCA
U.S. Venture CapitalSince Inception Realization Multiples (DPI/RVPI)by Vintage Year As of June 30, 2005 Source: Thomson Venture Economics/NVCA
Global VC Fundraising Capital Raised by VC Funds; 2000-Q3 2005 Source: Thomson Venture Economics/NVCA
Global Venture Investment Activity2000-Q3 2005 Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey
US Firms Investments by Nation2000 vs. Q1-Q3 2005 Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey
US Firms Investments Into Asia/Australia by Dollars Invested2000 vs. Q1-Q3 2005 Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey
US Firms Investments Into Asia/Australia by Number of Deals 2000 vs. Q1-Q3 2005 Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey