Performance

With private equity spending on track to exceed 2015's peak this year, PEI outlines the country's key players, hottest segments and expected returns.

Seven charts detailing the Scandinavian giant's private equity performance which was revealed in its IPO prospectus last week.

The sovereign fund, which has struggled to meet its pacing target, will likely have less capacity for new fund commitments over the next five years.

Too many LPs are focusing on volatility as a key indicator of risk – a measure that is unsuited to liquid markets, according to consultancy Wellershoff and Partners.

Credit lines are contentious but their ability to improve IRR appears limited to the most strongly performing funds and funds early in their life, writes Christoph Jäckel of Montana Capital Partners.

Pooled net returns of European private equity and venture capital funds in US dollar terms dropped 76% in the first quarter of 2019 from a year ago, according to data from ILPA and Cambridge Associates.

ATP PEP will ask GPs to provide an IRR that has been adjusted to compensate for the use of subscription credit lines, managing partner Torben Vangstrup told PEI.

The £287m NAV trust posted £25.4m of total realisations and income in H1 2019, down from £29.9m at the same point last year.

Private equity must outperform all other strategies for the pension plan to reach its assumed rate of return, says chief investment officer Dhvani Shah.

The pension system is combining alternative assets into one pool and will re-assess all GP relationships, trimming for better strategic partnerships.