The Japan Private Equity Association launched a joint project with PwC Aarata LLC in 2016 to build a database of fund performance in response to the long-awaited indicators of private equity fund performance in Japan, and, beginning with the 2023 survey, the project has been continued by Preqin, which has taken over the initiative.
We started the release of our performance measurement survey report since 2018 and 34 companies with 112 funds participated in the performance measurement survey in 2023.
The 2023 survey shows stable performance with 17.7% since-inception IRR as of 2023 for the funds in 2011 to 2020 vintage years. The horizon IRR in the last 5 years (2019-2023) and 10 years (2014-2023) until 2023 are 14.5% and 16.9% respectively, which shows the investment performance for Japanese private equity funds outperformed the public market returns with 12.3% and 8.6% in the comparative periods for 5 years and 10 years respectively measured by TOPIX Total Return Index.
For more information on the study’s methodology, companies participating and other consideration points, please refer to the survey report.
The Japan Private Equity Association will continue to collect data and increase the number of participants to create an environment that will help further encourage public pensions and institutional investors to allocate their capital to private equity assets. We aim to expand investments in Japan private equity funds and also to be recognized as one of the most attractive asset classes in Japan.
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En https://go.preqin.com/jpea-performance-benchmark-data-as-of-2023-en
Jp https://go.preqin.com/jpea-performance-benchmark-data-as-of-2023-jp