Mezzanine returns led the way Among different types of investments, mezzanine financing, which helps private companies through the final stages before going public, topped the list for the quarter with a 15.5 percent return. However, for the 12-month period, the return was only 17.2 percent. For the 12 months through last Sept. 30, the return was a healthy 188 percent. Later-stage investments returned 4.6 percent for investors for the third quarter, and 143 percent for the 12 months. The statistics are derived from a quarterly tracking of the performance of some 1,200 U.S. VC funds and more than 425 European funds.
Returns are net to investors after fees and carried interest.
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