LPs get new tool to measure private-equity performance

London-based consultancy Preqin has published data showing correlations of relative performance among buyout and venture private-equity funds that can give investors an idea about whether a currently active strategy is bearing fruit. The challenge in private equity is that strategies typically run for 10-12 years, as assets are raised, invested, managed and divested. Although prospective limited partners (LPs) can look at how a particular manager’s previous fund performed, how a…