Login to access your exclusive member-only content and account information.


Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders

The performance of European private equity


As the private equity industry has matured, it has become clear to fund managers and investors alike that traditional measures for comparing private equity investments with listed equities are perfectible.

Long-term investors need to know how their investments are performing, in both absolute and relative terms. They need to be able to make comparisons that work across asset classes in order to construct balanced strategies. This presents a challenging array of issues to arrive at measurements that are accurate, consistent, and transparent.

At the same time, it is also obvious that performance has become a highly charged and high-profile topic. Selective measurements can present European private equity returns relative to public markets out of context. In doing so, they lack transparency and accuracy because they do not compare like with like.

Invest Europe actively supports the drive to more consistent and robust metrics that can enable investors to compare assets more easily. Our research on measuring private equity performance adds real understanding to the body of work on benchmarking private equity assets against public markets.

The Performance of European Private Equity Benchmark Report 2020 Image Members Icon

The Performance of European Private Equity Benchmark Report 2020

05 Jul 2021
Invest Europe Research

A transparent study of private equity returns. The findings show that European private equity strongly outperformed listed equity benchmarks to the end of 2020, underlining the industry’s resilience during the COVID-19 crisis and its consistent ability to support the long-term investors that guarantee the pensions and savings of European citizens.

Download (Member only) PDF 2.01 MB (Member only)
Benchmarking Public and Private Markets with the Public Market Equivalent (PME) Image Members Icon

Benchmarking Public and Private Markets with the Public Market Equivalent (PME)

12 Oct 2020
Invest Europe Research

Invest Europe’s report on benchmarking public and private markets investments analyses the different metrics available for measuring private equity fund performance. It identifies the strengths and weaknesses of the internal rate of return (IRR), multiple of invested capital (MOIC) and public market equivalent (PME).

Download (Member only) PDF 353.34 KB (Member only)
The Performance of European Private Equity Benchmark Report 2019 Image Members Icon

The Performance of European Private Equity Benchmark Report 2019

12 Oct 2020
Invest Europe Research

Invest Europe’s 2019 private equity performance benchmark report measures European private equity returns against relevant stock market indices, as well as private equity funds from North America and the rest of the world on a range of metrics.

Download (Member only) PDF 1.76 MB (Member only)
Related content

Private Equity at Work report

Detailed evidence and analysis of the European private equity industry’s contribution to employment and job creation in Europe.

Meet the team


Julien Krantz Image

Julien Krantz


Research Director

Sofian Giuroiu Image

Sofian Giuroiu


Research Officer

Daniel Irwin-Brown Image

Daniel Irwin-Brown


Research Manager


What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit

We can't be responsible for the content of external websites.

Opt-out of cookies


Join today

This is for members only. To view in full login or join Invest Europe today.