From PitchBook, November 7:
One-year horizon IRR for European PE funds reached 9.1% in Q1.
European PE funds recorded the best performance among all regions in the most-recent returns data, overtaking US vehicles.
According to PitchBook’s latest Global Fund Performance Report, European PE funds recorded a 9.1% rolling one-year horizon IRR in Q1 2025, whereas the US reported 7.7%.
The new data reversed the trend from the previous five quarters, during which US funds consistently outperformed their European counterparts. The largest disparity was seen in Q1 2024, when US funds posted a 9.4% IRR, while European funds achieved only a 5.5% return.
Part of the reason lies in the different pace of monetary easing in the two regions.
....MUCH MORE
