Knowledge Base
Investment platforms, performance tracking, portfolio analytics, and the infrastructure for managing a serious investment portfolio.
54 articles in this category — page 2 of 5
EBITDA in private equity functions as the common denominator across every stage of a deal: sourcing, pricing, financing, and exit. For business owners approaching a PE transaction, understanding how buyers construct, adjust, and stress-test this number is the difference between maximizing proceeds a
More than $15 trillion in global assets are benchmarked to or directly tracking MSCI indices, according to Morningstar research. That number means MSCI's methodology decisions, which govern how securities are selected, weighted, and reviewed, are among the most consequential in institutional finance
Private equity distributions are the mechanism by which a fund returns capital and profits to its limited partners, and understanding how they work at a structural level separates investors who evaluate funds intelligently from those who rely on IRR alone. If you have meaningful PE exposure, the wat
The hurdle rate in private equity is the minimum annualized return a fund must deliver to limited partners before the general partner collects a single dollar of carried interest. For buyout funds, that number has historically clustered around 8%, according to Preqin's 2024 Global Private Equity & V
MOIC in private equity measures how many times over a fund has returned capital relative to what was invested. A 2.5x MOIC means every dollar committed came back as $2.50. Simple arithmetic, but the number carries real weight when you're committing $1M+ to an illiquid fund for a decade.
Global private markets AUM reached approximately $13 trillion by end of 2023, according to McKinsey & Company's Global Private Markets Review 2024, with private equity representing the largest single share. That figure has grown roughly 3x over the past decade. For context, it exceeds the GDP of eve
The short answer is no, not in the way most FATFIRE investors would define one. PwC does not operate a traditional GP-managed, commingled venture capital fund open to outside limited partners. If you've been evaluating PwC venture capital as a potential LP opportunity, that's the first thing to get
A trade sale in private equity is the sale of a portfolio company to a strategic acquirer, typically a corporate buyer operating in the same or adjacent industry. It is the most common PE exit route globally, accounting for 40 to 50% of all exits in a given year according to Bain & Company's 2024 Gl
The MSCI USA Index tracks approximately 600 to 650 large- and mid-cap U.S. stocks, covering roughly 85% of the free float-adjusted U.S. equity market capitalization. It launched on March 31, 1986, and has since become the primary benchmark institutional investors use to measure U.S. large- and mid-c
A venture capital index aggregates performance data across a defined universe of VC funds to produce a benchmark return series. Most are calculated using pooled IRR or time-weighted returns, weighted by capital committed or net asset value, and segmented by vintage year, geography, and investment st
The Vanguard MSCI World ETF tracks large- and mid-cap equities across 23 developed markets, covering roughly 85% of the free-float-adjusted market cap in each country. For a $5M+ portfolio, the real questions are not what this fund is, but where it fits, what it costs you after tax, and whether "glo
The MSCI EAFE vs S&P 500 chart is one of the most instructive visuals in global investing, and most people read it wrong. The S&P 500 has dominated since 2010, but that dominance follows a decade where MSCI EAFE outperformed in 7 of 10 calendar years. Decade-long cycles of relative outperformance ar