The seminal study of Moskowitz and Vissing-Jørgensen (2002),which has estimated rates of return to private equity in the USA over the 1990s,reports that returns to private equity over the early 1990s were 12.3% p.a.

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The seminal study of Moskowitz and Vissing-Jørgensen (2002),which has estimated rates of return to private equity in the USA over the 1990s,reports that returns to private equity over the early 1990s were 12.3% p.a.rising to 17.0% p.a during the mid-1990s,and eventually to 22.2% p.a.by the end of the 1990s.

The Seminal Study of Moskowitz and Vissing-Jørgensen (2002),which Has Estimated