Private equity returned 7.65% in the fourth quarter of 2010, the highest quarterly return since the second quarter of 2007, according to State Street Private Equity Index returns released Tuesday.
In comparison, the return for the third quarter of 2010 was 6.57%. For the fourth quarter of 2009, the return was 5.94%.
For the year ended Dec. 31, the return was 19.3%. The three-year return was 2.87% vs. 6.47% for five years and 8.73% for 10 years. All multiyear returns are compound annualized.
The index includes 1,931 private equity partnerships with funds totaling $1.7 trillion.