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14 Jun

Assessing Alpha in Private Equity Returns with Public Market Equivalent Analysis

Private fund managers often justify their fees by pointing to their track records and claiming that by investing in private companies they are delivering superior returns that are uncorrelated to public markets. But according to research from Vanguard using data from 1980 through 2012, only the top quartile of private equity returns have materially outperformed public markets.

Public market equivalent (PME) analysis gives context to a fund manager’s performance by comparing it against a public market index. It provides a more measurable, continuous benchmark compared to blind pool peer performance datasets.

13 May

Q1 2021 Investor Activity: Private Equity & Private Debt Takeaways

Each month, eVestment aggregates reported commitments from the public pension plan investors tracked by our market intelligence tool, Market Lens, to provide insights on the asset classes and fund managers to which and to whom these investors are committing capital.

With data through Q1-21 now collected, the March 2021 report highlighted a bumper quarter for private equity appetite from this investor group compared to Q1-20 – only to be outshone by private debt activity.

22 Apr

Earth Day in the Private Markets: Three Pension Plans Making Strides in Renewables

Each year on April 22 we celebrate Earth Day, a day that serves primarily to bring attention to the impact that humans have on our planet and the importance of environmental protection.

Reducing carbon emissions is a consistent theme of Earth Day and we want to take the opportunity this year to highlight three pension plans that are working to do just that by expanding their allocations to renewable energy.

30 Mar

Where are Private Markets Returns Headed?

Released last week by eVestment, Consultant Outlooks: 2021 is an aggregated look the capital markets assumptions compiled from six industry consultants. Aon, Callan, Meketa, NEPC, Verus, and Wilshire. Sourced from eVestment Market Lens from December 2020 through February 2021, the data offers a look into what these six top consultants expect to see in the private markets.

09 Mar
Vermont Pension Investment Committee

Most Viewed Private Equity Investor Documents: Vermont Pension Investment Committee

Each month, thousands of documents are added and viewed on eVestment’s Market Lens platform. In February, one of the most viewed documents was a Private Markets Pacing Analysis presentation from consultant RVK for Vermont Pension Investment Committee (VPIC). VPIC is responsible for administering the assets of the public employees of the state of Vermont and is an active in the private markets.