QUARTERLY SURVEY
Private equity funds rise to top of pile
Domestic private-equity funds outperformed listed equities in the three years to the end of the first quarter as funds sold investments profitably and innovative risk-assessment models paid off. Private-equity funds, which invest in unlisted companies, fared best against the all share index, with a public market equivalent (PME) score of 1.19. A score above one indicates private equity funds outperformed listed shares. This is according to the second-quarter survey of participating firms RisCura, an independent investment services provider, conducted with the SA Venture Capital and Private Equity Association (Savca). Private equity funds also outperformed financials and the industrials index, along with the shareholder weighted all share, with PME scores of 1.11 and 1.16, respectively during the three-year period. They also outperformed the market over 10 years, except for financial and industrial shares. Savca CEO Tanya van Lill said the outperformance was due to "innovative and so...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.