The Ledger
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Sargent: Median buyout fund beat public markets 6% annually over 20 years
“And if you look at history and you cut out the most recent vintages that are not mature, but look at the 20 years of vintages before that, and you look at buyout funds versus a public market equivalent like MSCI World, the median buyout fund has outperformed t…”
Sargent: Yale's historical outperformance split evenly between allocation and selection
“I remember seeing some analysis that suggested that half of the value that Yale had added over time relative to peer endowments was from asset allocation and half was manager selection.”