07. Five ways to Measure Private Equity Returns

Measure private equity value drivers as absolute ($) value creation, relative (%) value creation, times money value creation, equity return multipliers, and value creation IRRs.

 

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Key Concept: Traditional private equity value bridges calculate components in units of Absolute ($) Value Creation (V), where value drivers bridge the gap between capital invested by and returned to the Fund or GP. These results are compatible with other value creation measurements, including Relative (%) Value Creation (υ), Equity Return Multipliers (χ), Value Creation Internal Rates of Return (IRRs), and Times Money Value Creation (TM). Each of the five value creation measurements can be converted into any of the others.

 


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