Preqin names Wellington Financial to list of "Most Consistent Top Performing" funds
One of the world’s leading sources of data and intelligence in the Alternative Asset world, Preqin, has named our firm as one of the “Most Consistent Top Performing Private Debt Fund Managers” for 2016. Preqin data is utilized by more than 40,000 professionals in over 90 countries. Each year, Preqin combs through the data to see which fund managers are consistently producing net returns in the 1st and 2nd quartiles.
For the purposes of Preqin’s review, Private Debt includes Distressed Debt, Special Situations, Mezzanine and Venture Debt strategies. Remarkably, Private Debt AUM hit US$561 billion as of the end of 2015, with Distressed Debt holding the largest slice of the pie at US$207 billion. Preqin has data for Wellington Financial Funds I-V, although our 2015-vintage Fund V is too new to be included in this review.
Of the 14 different Private Debt funds on Preqin’s “Consistent Performing” list, only 5 are based outside of the USA. U.S.-based funds that made the cut include Cerberus and GSO.
This is the second time in three years that our firm has been cited for generating consistent performance for our investors. In its 2014 review, Preqin compared our Funds I-IV results to 128 different funds pursuing venture capital and/or venture debt strategies (see prior post “Wellington Financial named to Preqin’s list of “Consistent Performing Fund Managers” Feb. 24-14). In that case, the consistency of our outperformance ranked with such stalwarts as Bain Capital, Benchmark Capital, Insight Venture Partners and Sequoia.