US PE’s Outperformance of European PE Is Structural, Not Operational
It’s not that US firms are better operators – there are a number of structural reasons for the performance gap between European buyouts and their American counterparts.
According to Fabien Chen, head of benchmarks at Preqin, North American buyouts have outperformed European buyouts since June 2009. Based on Preqin’s buyout index, North American PE has delivered 806% returns net of fees, while European PE has returned 697%.
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