Despite improvements made in the level of disclosure across the private equity industry, it remains challenging for LPs and GPs to access reliable, accurate and fully transparent data necessary to effectively benchmark funds. Lack of transparency in that regard is an oft-iterated criticism of PE.
So when Preqin published its new consistently out-performing fund managers ranking this summer, we took notice, especially because it claims to draw on a significantly sized dataset.
There are a few surprises in the Preqin Consistent Performers in Private Equity Report, which covers all the major segments of the global industry. Some of the name in distressed and buyout may surprise, particularly in the US and UK buyout markets because they are under the radar, as far as press coverage and branding are concerned.
The top performers in VC were less surprising. For buyouts, the best were Inﬂexion, Veritas Capital, Vista Equity Partners, and Wynnchurch Capital Partners. In the venture capital sector the most consistent out-performers are Benchmark Capital, Pittsford Ventures Management, and Sequoia Capital. ATP Private Equity Partners and NorthSea Capital, both from Denmark, along with Morgan Stanley Alternative Investment Partners are the top fund of fund managers.