Fallows: Historical private equity returns average 10% to 12% versus 8% to 10% for public equities
Tad Fallows · Why Half of Them Have No Mortgage and Still Win · Dec 30, 2025 · at 23:21
Wealth strategist Tad Fallows compares the historical performance and liquidity trade-offs of private equity versus public stocks.
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“I think it's fair to say that on average, historically, the returns of private equity have been somewhat higher than public equity. Not three or four times as high, but if public equity is delivering eight to 10%, maybe private equity is delivering 10 to 12%.”
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