2024 Preqin Awards Private Capital Methodology

Preqin's proprietary methodology showcases the top and most consistent industry performers.

Private Capital Performance

Eligibility requirements

Asset Class Level

• Fund profile must be visible on Preqin Pro.

• Fund profile status must be ‘Active’.

• Fund Manager must have raised funds in that asset class over the last seven years.

• Fund Manager must have a minimum of five funds with quartile ranking for that asset class.

• Fund Auditor tagged for the manager.

Strategy level

• Fund profile must be visible on Preqin Pro.

• Fund profile status must be ‘Active’.

• Fund Manager must have raised funds in that strategy over the last seven years.

• Fund Manager must have a minimum of three funds with quartile raking for that strategy.

• Fund Auditor tagged for the manager.

Ranking criteria

• Sort average rank for each fund manager by lowest to highest.

• Lowest average rank will be determined and the winners and will move to review stage.
  
  

Data review process

• Winners and shortlisted funds were identified to perform a final review of all relevant data points on firm and fund profiles, in addition to attempted direct outreach with each fund manager to confirm data accuracy.
  

• For all Private Capital Performance Preqin Awards, the aim was to verify the following:

  • Fund auditor tagged to the fund profile

  • Fund strategy

  • Fund raised in the last seven years

  • Performance metrics: Called%, DPI%, RVPI%, Net IRR

Private Capital Fundraising

Eligibility requirements

Fundraising Series Growth

• Fund closed in 2023

• Third fund or later in fund series

• Predecessor minimum fund size of $40mn, except for venture capital
  

Largest First-Time Fundraise

• Fund closed in 2023

• Identified as first fund of the fund manager to complete fundraising
  

Data analysis

• For the Fundraising Series Growth award, the fund size growth percentage of the 2023 closed fund was analyzed against its predecessor.

• For the Largest First-Time Fundraise award, the largest first-time funds closed in 2023 were identified.
  
  

Data review process

• Winners and shortlisted funds were identified to perform a final review of all relevant data points on firm and fund profiles, in addition to attempted direct outreach with each fund manager to confirm the accuracy of data.
  

• For the Fundraising Series Growth award, the aim was to verify the following:

  • Fund closed in 2023

  • Fund final size and predecessor final size

  • Fund Auditor
    

• For the Largest First-Time Fundraise award, the aim was to verify the following:

  • Fund closed in 2023

  • First fund raised

  • Fund final size

  • Fund Auditor
    
    

FAQs

When was the performance data extracted?

• Performance data was extracted from Preqin Pro in early May 2024.

What was the time frame for consideration?

• A fund would meet eligibility requirements if the performance data was reported as of the last five quarters (from March 2023 to March 2024).

Was there a fee required to participate in the Preqin Awards?

• No, all firms and funds that met eligibility requirements were considered for the Preqin Awards free of charge.

Additional questions?

Reach out to Preqin's private capital performance team at teamperformance@preqin.com