In this article, the authors introduce a methodology to estimate portfolio internal rate of return
(IRR) from portfolio constituents when only the IRR and the money multiple of the …

Insights from disaggregating the IRR Although IRR is the single most important performance
benchmark for private-equity investments, disaggregating it and examining the factors above …

The article reports that calculating the performance of private equity funds with a modified
internal rate of return (M-IRR) results in a more accurate performance yield or true return …

While the internal rate of return (IRR) remains widely used despite its well-documented
flaws, considerable progress has been made in the literature on the search for a proper …

We reconcile the major approaches in the literature to benchmark cash flow-based returns of
private equity investments against public markets, aka'Public Market Equivalent'methods …

Over the past 60 years the internal rate of return (IRR) has become a major tool in
investment evaluation. Many executives prefer it to net present value (NPV), presumably …

The internal rate of return (IRR): projections, benchmarks and pitfalls | Emerald Insight Books
and journals Case studies Expert Briefings Open Access Publish with us Advanced search The …

Private equity firms have discretion over the timing of their funds' capital calls and
distributions, making the popular internal rate of return (IRR) an incomplete measure of …

In this paper, we lay out theoretical shortcomings of the IRR criteria that have largely
dropped out of the finance literature. We discuss the problem of multiple IRRs and non …

Most of the investments in asset classes such as real estate and private equity (include
buyout, mezzanine and venture capital) are made via private partnerships. Measuring …