As holding periods lengthen, the game has changed for investors in private equity buyout strategies, writes Wil Warren, partner and president of Lexington Partners.
The extension of durations has altered how limited partners assess performance, shifting attention from headline returns toward the timing and pace of capital deployment and distribution.
Warren's perspective, published by PE International, points to a track record that is not fully captured by conventional metrics, reflecting the evolving expectations of investors committed to buyout strategies over longer horizons.
Source: PE International · Summarized by HeadlinesBriefing