Buy-out funds outperformed venture capital and all other private equity funds in the 1980s, logging a compound annualized average return of 17.7%, according to Venture Economics, Boston.
From 1980 to 1989, buy-out funds outperformed mezzanine funds, venture capital partnerships and other non-venture private equity funds, which returned 12.1%, 9.5% and -3.6%, respectively, during the 10-year period.
Venture Economics looked at 79 non-venture private equity funds with total committed assets of $17.1 billion. The venture capital sample includes 374 funds with $18.3 billion in committed capital.
