PRINT THIS PAGE BVCA Private Equity and Venture Capital Performance Measurement Survey 200721/05/2008. Source: The BVCA – The British Private Equity and Venture Capital Association, PricewaterhouseCoopers, Capital Dynamics. 
Long-term returns from UK private equity funds have improved over the past year, according to the 2007 Performance Measurement Survey summary results published by the British Private Equity and Venture Capital Association in conjunction with PricewaterhouseCoopers and Capital Dynamics. The survey shows that UK private equity funds have outperformed both the stock market and UK pension funds over the ten years up to the end of 2007. 100 per cent of BVCA member firms, which manage funds eligible for this report, responded to the survey. There are now 422 UK-managed funds included in the dataset and we believe this makes it the most complete country specific survey on the performance of private equity funds in the world.
Comparative statistics on UK pension funds, supplied by The WM Company (WM), have also been quoted, although care should be taken in comparing these with private equity results. The return quoted for private equity funds is the internal rate of return to investors, net of costs and fees. Returns for WM Pension Funds Assets and indices, however,
are gross time-weighted returns.
Private equity is a long-term investment. The return since inception most accurately reflects the performance of private equity since it measures from the actual start of a fund. When comparing with other asset classes, emphasis should be placed on the long-term returns rather than those for the shorter term and for this reason, we do not include current year figures in this summary report.
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The BVCA – The British Private Equity and Venture Capital Association – is the industry body for the UK private equity and venture capital industry. With membership of well over 400 members, the organisation represents the overwhelming number of UK-based private equity and venture capital providers and their advisers. The BVCA has 25 years of experience representing the industry, which currently accounts for 57 per cent of the whole of the European market, to government, the European Commission and Parliament, the media, regulatory and other statutory bodies at home, across Europe and around the world. The organisation promotes the industry to entrepreneurs and investors, as well as providing services and best practice standards to members. For more details, visit www.bvca.co.uk.
PricewaterhouseCoopers (www.pcw.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
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