The Pulse of Private Equity – 3/1/2021

More nuance around first-time funds


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Past PitchBook research has found statistical outperformance for first-time PE funds compared to follow-on funds. That note was one among many studies that arrived at the same conclusion: first-time funds tend to do relatively well, for a variety of reasons. PitchBook just released a follow-on note (so to speak) which adds more nuance to the discussion.