Returns, risks and liquidity of LBO Funds in Q2 2019
The first half of 2019 sees active LBO funds maintaining a high level of performance. Selection risk has decreased significantly, …
Active venture capital funds made a very impressive closure of 2018, far exceeding historical averages. These high last-quarter returns remain associated with comparatively low risk and shorter time-to-liquidity, as VC funds capitalize on a favorable exit environment.
While Q4 recorded an increase in multiple of investments of VC funds in general, Q1 2019 marked a relative stabilization. The situation of US VC Funds has not evolved radically. Western European VC funds continue to significantly outperform the long-term average.