Eight years in the black

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Between 2017 and 2018, LPs were on the receiving end of nearly $1 trillion in private equity returns, according to PitchBook’s new Global Fund Performance Report. Distributions came in at $480 billion last year, just off the record set in 2017 of $488.4 billion. Net cashflows topped $150 billion for a second straight year, but aside from a soft 2016, net cash flows have been north of that figure going back to 2014.