Performance

The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.

In the second part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, examines the evidence that secondaries perform better than funds of funds.

CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?

The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.

The $8.7bn southern Californian pension has sizeable commitments with SL Capital Partners, Partners Group and Industry Ventures.

The global investment firm's 1991 and 1996-vintage Dover Street funds are its best performing secondaries vehicles, according to a document obtained by Secondaries Investor.

The firm's best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.

The investment firm's performance fees were boosted by its 2007-vintage secondaries fund, from which it had sold a tail-end portfolio worth around €800m last year.

The global investment firm is the latest manager seeking to harness technology to communicate with investors, sister publication pfm has learned.

The Edinburgh-based firm's SOF platform has delivered a 35% gross IRR, according to documents presented to the San Bernardino County pension.