Returns & Performance Archives | Private Equity Bro

Gross IRR vs. Net IRR in Private Equity

19 September 2026

A manager can pick assets well and still hand limited partners a mediocre outcome. In the Gross IRR vs Net…

How to Benchmark Your PE Fund Against Preqin Data

13 September 2026

The five-step benchmarking workflow A private equity benchmark is a reference point built from the performance of comparable funds, and…

GP Clawback Escrow Reserve in Private Equity

1 September 2026

A GP clawback escrow reserve can turn part of a contractual repayment promise into cash that is already segregated. Without…

How Subscription Lines Inflate Reported IRRs

31 August 2026

A fund buys a business for $100m and sells it three years later for $200m. If the general partner called…

Private Equity Multiple Compression Watch for 2026

30 August 2026

Private equity multiple compression in 2026 is selective rather than uniform. CohnReznick puts median implied EV/EBITDA multiples in US private…

Performance-Based Vesting in Management Equity Plans

25 August 2026

A manager can hit every operating target, stay for the full hold period and still walk away with a fraction…

Best Private Equity Books: 10 Essential Reads for Investors

2 July 2026

Private equity books are specific texts that explain how leveraged buyouts are structured, how returns are manufactured, and how contracts…

Paper LBO Explained: How to Build a Quick Buyout Model

28 June 2026

A paper leveraged buyout model, usually called a paper LBO, is a compressed transaction tool that estimates whether a financial…

The 100-Day Plan After an Acquisition: Key Priorities for Integration

27 June 2026

A 100-day plan after an acquisition is the operating blueprint that converts legal ownership into genuine economic control. It translates…

MoM vs. IRR: How Private Equity Returns Are Measured

16 June 2026

Multiple of money, or MoM, and internal rate of return, or IRR, answer different underwriting questions. MoM measures how much…

Paper LBO Interviews: How to Prepare and Build a Model Fast

5 June 2026

A paper LBO, short for paper leveraged buyout, is a mental arithmetic exercise that asks a candidate to turn a…

Gross IRR vs. Net IRR: What’s the Difference for Investors?

21 May 2026

Gross IRR and net IRR are two of the most important return metrics in private markets, but they answer different…

Vintage Year in Fund Performance: What They Are and How They Work

1 April 2026

Vintage year is the calendar year in which a private market fund makes its first capital call or first closing.…

Secondary Buyout Explained: How PE Firms Sell Portfolio Companies to Each Other

14 February 2026

A secondary buyout is the sale of a portfolio company from one private equity sponsor to another. Control transfers, but…

CapEx Planning and Appropriation: Building a Disciplined Investment Approval Process

22 January 2026

CapEx planning and appropriation is the internal capital allocation system that governs which projects get funded, in what amount, and…

Carve-Out Transactions: What They Are and How They Create Value

9 January 2026

A carve-out is the separation of a business unit, division, or asset cluster from a larger corporate group into distinct…

Catch-Up Management Fees in Private Equity: What They Are and How They Work

5 January 2026

A catch-up management fee is a retroactive payment made by a limited partner joining a private equity fund after the…

DCF in Private Equity: How Sponsors Actually Value Target Companies

25 December 2025

Discounted cash flow in private equity measures whether paying the clearing price can still produce fund level returns after layering…

Inside Private Equity Turnarounds: How PE Firms Rescue Underperforming Companies

19 December 2025

A private equity turnaround is a control investment in an underperforming company where value creation depends on operational and financial…

Opportunity Zone Funds in Real Estate: Structure, Tax Benefits, and Key Risks

18 December 2025

An Opportunity Zone Fund in real estate is a US tax-driven investment vehicle that pools capital with realized capital gains…

Subscription Lines in Real Estate Funds: How Capital Call Facilities Work

13 December 2025

A subscription line is a revolving credit facility secured by a real estate fund’s rights to call capital from investors.…

MOIC vs. IRR: When to Use Each Return Metric

3 November 2025

IRR vs MOIC: Choose the Right Metric for Private Equity Multiple on invested capital (MOIC) and internal rate of return…

100-Day Post-Merger Integration: 5 Priorities to Accelerate Value Creation

2 October 2025

he first 100 days after an M&A close are decisive. In this 100-day post-merger integration article, we show how to…

How Asset Management Plans Drive Value in Private Equity

27 September 2025

What are Asset Management Plans in Private Equity? Asset management plans (AMPs) in private equity are board-approved programs that convert…

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