Private Equity Position Paper

March 21, 2011 | Nat Kellogg, CFA, President

The first of a two part series, this paper provides an overview of the private equity asset class as well as recommendations and allocation guidance.

To view this article please Login or Register

The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

Related Content

04.07.2026

Fiduciary Duties in Selecting Designated Investment Alternatives

On March 30, 2026, the Department of Labor (DOL) issued its proposed regulation: Fiduciary Duties in Selecting Designated Investment Alternatives….

04.02.2026

1Q 2026 Market Insights Webinar

Please join Marquette’s research team for our 1Q 2026 Market Insights Webinar analyzing the first quarter across the economy and various…

04.01.2026

A Portfolio Needs Structure: An Overview of the Securitized Credit Asset Class

Fixed income is the largest global financial market and often one of the largest allocations within institutional investors’ portfolios. A…

Stacked column chart comparing contribution to total value creation broken out by revenue growth, margin expansion, and multiple expansion for private equity managers, by exit year, 2017 to 2024. 2017 column 45% revenue growth, 26% margin expansion, 29% multiple expansion. 2018 column 56% revenue growth, 4% margin expansion, 40% multiple expansion. 2019 column 43% revenue growth, 10% margin expansion, 47% multiple expansion. 2020 column 42% revenue growth, 19% margin expansion, 39% multiple expansion. 2021 column 46% revenue growth, 13% margin expansion, 42% multiple expansion. 2022 column 53% revenue growth, 20% margin expansion, 27% multiple expansion. 2023 column 64% revenue growth, 19% margin expansion, 17% multiple expansion. 2024 column 71% revenue growth, 12% margin expansion, 17% multiple expansion.

03.30.2026

Pulling the Right Value Creation Levers

In the period between 2009 and 2022, private equity managers thrived amid an environment of low interest rates and rising…

Column/line chart shows M&A activity in venture capital in recent years. Please contact us for full data details.

02.23.2026

The Seller Becomes the Buyer

Most have traditionally viewed a successful exit for a venture-backed start-up as either an IPO or an acquisition by a…

02.18.2026

Healthcare System Operating Portfolios: Balancing Stability with Need for Growth

Healthcare systems have faced an onslaught of challenges in recent years. They had to navigate the operational and financial headwinds…

More articles

Subscribe to Research Email Alerts

Research Email Alert Subscription

Research alerts keep you updated on our latest research publications. Simply enter your contact information, choose the research alerts you would like to receive and click Subscribe. Alerts will be sent as research is published.

We respect your privacy. We will never share or sell your information.

Thank You

We appreciate your interest in Marquette Associates.

If you have questions or need further information, please contact us directly and we will respond to your inquiry within 24 hours.

Contact Us >