The 'down years' vintages, when PE returns remain subdued for a while have a record of outperforming funds from when the times are good. But why is it the case?
Down year vintages age like fine wine
Down year vintages age like fine wine
Down year vintages age like fine wine
The 'down years' vintages, when PE returns remain subdued for a while have a record of outperforming funds from when the times are good. But why is it the case?