IRR
+7.5%
Multiple
1.25x
DPI
0.20x
Size
$14.8B
Vintage
2019
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?
Warburg Global Growth
+7.5% IRR
~+66% total return over 7 yrs
S&P 500 (2019 vintage)
+110%
Total return, 2019 to present
VERDICT: GP marks trail the S&P 500 by ~44pp. LPs paid 2/20 for underperformance.
Notes
Global growth equity. Financial services and tech. Emerging markets exposure added volatility. Below target.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET