IRR
+5.2%
Multiple
1.12x
DPI
0.05x
Size
$21.7B
Vintage
2022
RETURN GRADE:MEDIOCRELOW DISTRIBUTIONS
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
EQT X
+5.2% IRR
~+22% total return over 4 yrs
S&P 500 (2022 vintage)
-2%
Total return, 2022 to present
VERDICT: GP marks outpace the S&P 500 by ~24pp. But DPI is low — returns exist only on paper until realized.
Notes
EUR 21.7B. European mega-buyout. Early days but deploying into declining multiples. Healthcare and tech services.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET