This quarter provides continued growth in coverage as it now includes 2014 vintage funds which increases the fund count from 3,020 one year ago to 3,438. The geographic break down of this increase can be found below:
| |
Change (1 year) |
Funds (Q1 2016) |
Funds (Q1 2015) |
| Europe |
37.58% |
1,219 |
886 |
| North America |
3.55% |
1,895 |
1830 |
| R.o.W |
6.58% |
324 |
304 |
| All |
13.84% |
3,438 |
3020 |
This quarter also highlights a downward trend in performance when compared to the Q4 2015 (previous quarter) and Q1 2015 (1 year prior). This downward trend is consistent across all geographies and strategies with the exception of a slightly favorable comparison among European funds with an IRR of 11.50% in Q1 2016 as compared to an IRR of 11.48% in Q1 2015.
| Geography |
Change (1 year) |
Q1 2016 (IRR %) |
Q4 2015 (IRR %) |
Q1 2015 (IRR %) |
| Europe |
0.025% |
11.50% |
11.74% |
11.48% |
| North America |
-0.459% |
11.41% |
11.56% |
11.87% |
| R.o.W. |
-0.254% |
6.59% |
6.74% |
6.84% |
| All |
-0.346% |
11.14% |
11.32% |
11.49% |
| Strategy |
Change (1 year) |
Q1 2016 (IRR %) |
Q4 2015 (IRR %) |
Q1 2015 (IRR %) |
| Buyout |
-0.259% |
12.34% |
12.49% |
12.60% |
| Venture Capital |
-0.017% |
12.23% |
12.39% |
12.25% |
| Other |
-0.346% |
7.38% |
7.57% |
8.04% |
Pevara is most commonly used for assessing the performance of a portfolio of investments funds for our Limited Partner customers or managed funds for the General Partners. The analytics and insight provided by Pevara extends far beyond performance and quartile rankings as the Limited Partner provided cashflows which constitute the overall benchmark also provides valuable insight into the cashflow patterns of alternative investment funds. In our latest installment of News from the FrontLine we have focused on a comparison between distressed debt and mezzanine debt with regard to distribution patterns.
About Pevara
Pevara is a SaaS-based performance monitoring and benchmark analysis solution designed for private equity investors and fund managers. Pevara’s benchmarks are based on cash flows provided by limited partners which are subject to Pevara’s rigorous data validation process. This approach generates more reliable benchmarks than those pieced together from general partner surveys or Freedom of Information Act requests.