State Street’s Global Exchange Private Equity Index (GXPEI) posted its second highest quarterly return of the past two years with a 3.99% jump in the second quarter of 2018.
The venture capital category held its lead for the second quarter in a row with a 4.64% gain, followed closely by buyout funds with a 4.18% return.
However, private debt lagged behind with a 1.90% return for the quarter.
The index is based on directly-sourced limited partnership data and represents more than $2.8 trillion (€2.5 trillion) in private equity investments, with more than 2,900 unique private equity partnerships.
“Overall the second quarter of 2018 has seen a good recovery from the volatile first quarter. However, the growth is not universal across the index,” said Will Kinlaw, global head of State Street Associates, a division of State Street Global Exchange.
“In particular, information technology and energy sectors stood out from the crowd, largely benefiting the venture capitalist and energy-focused funds.”
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