Eye On The Market References PERC Research

The August 3, 2015 edition of Eye On The Market from Michael Cembalest, J.P. Morgan Asset Management, has a detailed review of returns across the private equity industry based on Private Equity Research Consortium (PERC) research. Cembalest’s update, “A private equity industry update on vintage years 2009 and 2010”, cites as its primary source How Do Private Equity Investments Perform Compared to Public Equity? (Darden Business School Working Paper No. 2597259, June 15, 2015) by Harris, Jenkinson, and Kaplan, and prior papers published in the Journal of Finance. Eye On The Market’s biannual private equity review updates performance measures through June of 2014, and examines 2009 and 2010 vintage years and the steep public equity market hurdles they are up against.