Performance Gap Shrinking in VC
1
1.05
1.1
1.15
1.2
1.25
1.3
1.35
1.4
1.45
1.5
1.55
1.6
1.65
1.7
1.75
1.8
1.85
1.9
1.95
2
2008
Q2
Q3
Q4
2009
Q2
Q3
Q4
2010
Q2
Q3
Q4
2011
Q2
Q3
Q4
2012
Q2
Q3
Q4
2013
Q2
Q3
Q4
2014
Q2
Q3
Q4
2015
Q2
Q3
Q4
2016
Q2
Q3
Q4
2017
Q2
Q3
Q4
2018
TVPI spread
As of Q1, 2018.