The NAIC Performance Study is a biennial publication which examines the returns of NAIC member firms as compared to the broader market. This critical research piece showcases the consistent outstanding performance of diverse private equity managers and strengthens the case for the inclusion of these managers in institutional investor portfolio strategies.
Diverse-owned private equity firms continue to outperform their benchmarks, according to Examining the Returns 2019: The Financial Returns of Diverse Private Equity Firms, a study released today by the National Association of Investment Companies (NAIC). Despite delivering consistent returns, diverse- and women-owned firms collectively manage only 1.3 percent of the investment industry’s $69 trillion in assets under management.
This study is an in-depth review of the investment performance of diverse-owned private equity firms from 1995-2015. Published with assistance from KPMG, an independent accounting firm that analyzed and compiled the performance data to ensure its integrity and accuracy, and AON Hewitt, who wrote the report, it serves as a resource for institutional investors, industry professionals and the media.
NAIC’s performance survey, Recognizing The Results, compared the audited financial returns of NAIC Firms against the broader private equity market using four (4) industry benchmarks for the period 1998 – 2011. KPMG was engaged to collect and compile the performance data which was then analyzed by a working group of fund of funds investors.