Our Approach to Public Market Equivalent (PME) Benchmarking
What’s the best way to benchmark Private Equity investments? It’s a question that’s been debated for years by performance practitioners, academics, fund managers, and capital allocators alike.
At Backstop, we feel that recent years have proven that a reliable performance assessment of a Private Equity investment can’t be based on a single method. Instead, that assessment must be developed by using multiple tools.
To take that stance a bit further, it’s Backstop’s firm belief that any analysis that doesn’t utilize “Public Market Equivalent” (PME) benchmarking techniques is incomplete.