Performance of French Private Equity at Year-end 2015
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The Association Française des Investisseurs pour la CroissanceJun 29, 2016, 08:16 ET
PARIS, June 29, 2016 /PRNewswire/ --
10% net returns per year over 10 years, stable long-term profitability
Outperforms all other asset classes
Strong performance of buyout capital at 13.7%
The Association Française des Investisseurs pour la Croissance (French private equity & venture capital association - AFIC) and EY have published their annual report on the net performance of French private equity firms at the end of 2015.
(Photo: http://photos.prnewswire.com/prnh/20160629/384689 )
Continued very strong performance over the long term
French private equity since inception, measured at end-2015, offered average returns of 10% net of expenses per year, up from 9.8% at the end of 2014 on a like-for-like basis.
Over a 10-year horizon, average net performance was also 10% per year.
These figures reflect the very high long-term profitability of this asset class and stable performance.
Outperforming all other asset classes
French private equity again outperformed all other major asset classes over the long term, including those with no risk, in an environment where returns have remained historically low for a long period of time.
Over a 10-year horizon, the average annual return of 10% is double that of the listed equity markets (4.0% for the CAC40, 5.3% for the CAC All-Tradable - ex SBF 250).
The results were roughly the same compared with the bond and real estate markets, which recorded growth of 5.1% and 6.0%, respectively.
Performance by sector
Over a ten-year period, the average annual return of buyout capital remained robust at 13.7%.
Over 10 years, the performance of venture capital has grown constantly, reaching 2.6% at the end of 2015 and 8.5% over a three-year horizon, while that of growth equity was consistently strong at 6.0%.
http://www.afic.asso.fr/en/publications/press-releases.html
Press contacts
AFIC: Antoinette Darpy | Tel.: +33-(0)6-72-95-07-92 - [email protected]
EY: Amélie Fournier | Tel.: +33-(0)1-55-61-33-40 - [email protected]
SOURCE The Association Française des Investisseurs pour la Croissance
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