easy · Private Equity pe-core

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?

  1. The fund underperformed by 15%
  2. The fund's IRR was 15%
  3. The fund returned 1.15x the committed capital
  4. The fund outperformed the public index by 15%

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