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PitchBook Benchmarks (as of Q1 2020 with preliminary Q2 2020 data)

2020

PitchBook Benchmarks (as of Q1 2020 with preliminary Q2 2020 data)

December 2, 2020

PitchBook Benchmarks (as of Q1 2020 with preliminary Q2 2020 data)
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Note: This is an older edition from this report series. Here is a link to the most recent edition of the PitchBook Benchmarks.

PitchBook Benchmarks aim to help both LPs and GPs better understand fund performance relative to broader asset classes and other private market strategies. We present performance through several lenses—including internal rates of return (IRRs) and cash multiples—to provide a holistic view for assessing performance within and between strategies, as well as across vintage years. Furthermore, the returns of private market funds are measured relative to easily accessible public market substitutes using a public market equivalent (PME) metric. Each edition of our Benchmarks also includes a section that highlights a specific aspect of fund performance. This edition of our Benchmarks report includes an analysis of the preliminary data that will be featured in this and future editions.