IPE 100 vs REPE 100 ranking
Which do you use when you rank a REPE firm and why? I know that REPE 100 is based on fundraising total and IPE 100 is total AUM. I’m working for a firm that’s on REPE 100 but not IPE 100. Does this mean that the company could be fast growing? Because it’s relatively new so it makes sense it’s not on IPE 100.
I did a post with the data from one of those (IPE 100 I think), so may be good to search for that.
To answer the question
PERE 100 (note it's not REPE 100) - Is based on mutliyear fundraising specific to "private equity" type strategies, i.e. its a narrow band of activity (essentially value-add and opportunistic with lots of exclusions).
IPE 100 is all real estate AUM regardless of strategy or when monies were raised
So these are very apples to oranges type comparisons. In general AUM is the purest measure, so I guess IPE 100 is the ranking I would personally "respect" the most. PERE 100 is purposely niche, so if you care about that niche (and who has raised money lately within it), then it is useful. Still comparing a closed-end limited life opportunity fund to an open-end comingled core fund serves what exactly (one example I guess that could cause a high rank on one but a low/no rank on the other)? Different business modes and different strategies.
All else equal, size is size thus IPE 100 or the IREI lists are most interesting to me.
But being totally honest, only time I ever find any value in looking at these lists is when I'm responding to someone on WSO. In the real world, they don't mean much if you are in the business. You can be small and totally badass and make tons of money, or you can be super huge with "supermarket" offerings, so I wouldn't use any of these to judge firms personally.
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