Angel Investors Network

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    J Curve

    The Private Equity Fund Lifecycle: What Happens to Your Capital Across 10-12 Years
    Private Equity

    The Private Equity Fund Lifecycle: What Happens to Your Capital Across 10-12 Years

    TL;DR A standard PE fund runs 10-12 years: capital calls cluster in years 1-5, cash distributions peak in years 6-10, and the J-curve means you carry negative or flat IRR for the first 2-3 years. DPI

    Jeff Barnes, MBA··11 min read
    Vintage Year in Private Equity: Why Entry Timing Explains Most of Your Returns
    Private Equity

    Vintage Year in Private Equity: Why Entry Timing Explains Most of Your Returns

    The year a private equity fund deploys capital, its vintage year, explains roughly 70% of that fund's long-run performance variance. Funds that entered the market in 2001 and 2009 posted median net...

    Jeff Barnes, MBA··12 min read