Wellington Financial named to Preqin's list of "Consistent Performing Fund Managers"
Pardon me if I take a moment to pat the team here on the back.
The 2014 Preqin Global Private Equity Report is out, and the 128 page document is important reading for any limited partner with an allocation for general partners in the following key verticals: private equity, real estate, natural resource, mezzanine debt, infrastructure and venture capital. Preqin is a UK-based research and consultancy firm focusing on alternative asset classes, with offices in New York, San Francisco and Singapore. Preqin’s Performance Analyst database contains information for over 70% of all funds raised historically, which would amount to hundreds of billions of dollars of investor capital.
According to Preqin, Wellington Financial’s long term track record has made the “consistent performer” grade in terms of first and second quartile ranking since our Fund I got rolling in August 2000. Preqin analyzed our first three funds, and found two to be first quartile performers, with one being second quartile. This equates to an average of quartile performance of 1.33 across Wellington Financial’s Funds I, II and III. To put this in context, some high profile U.S.-based firms have raised billions of dollars off the back of an average quartile ranking of 1.50 across their previous four funds.
When compared to every venture-related fund in Preqin’s global database, everyone is quite chuffed to be included on a list of 22 firms with names such as Sequoia Capital, Benchmark Capital, Paul Capital, Matrix Partners and Insight, for example. Of the 22 different firms, only four came in higher than our average 1.33 quartile ranking. Which means, if this were the PGA anyway, Wellington would rank T5 on the leaderboard.
Congrats to the team, even if our own mantra is: it’s all about tomorrow.