easy · Private Equity
A PE fund's performance is measured using the Kaplan-Schoar PME (KS-PME).
If the ratio is 1.15, what does this indicate about the fund's performance relative to the public market?
- The fund underperformed by 15%
- The fund's IRR was 15%
- The fund returned 1.15x the committed capital
- The fund outperformed the public index by 15%
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