欧晰析咨询&Gain.pro：2025私募股权领域价值创造：缩小投资回报倍数（MOIC）差距报告（英文版）（24页）.pdf

1、Value Creation in Private Equity:Closing the MOIC Gap02|OC&C Value Creation in Private Equity:Closing the MOIC GapWEVE PARTNERED WITH GAIN.PRO TO EVALUATE HOW PRIVATE EQUITY CREATES VALUE TODAY AND WHAT RELIABLY SEPARATES TOP-QUARTILE OUTCOMES APART.Our ApproachDrawing on Gain.pros global dataset of

2、 10,000+investments and exits,we used Shapley decomposition to attribute value across revenue growth,margin expansion,and multiple change.We then triangulated the data against client work and practitioner perspectives to ground the findings in what is working in real deals.OC&C Value Creation in Pri

3、vate Equity:Closing the MOIC Gap|03Executive SummaryPRIVATE EQUITY IS WORKING THROUGH A LIQUIDITY SQUEEZE.FUNDRAISING HAS TIGHTENED,EXITS HAVE SLOWED,AND THE INDUSTRYS STORE OF DRY POWDER IS NOT CIRCULATING AT THE PACE SPONSORS AND THEIR LIMITED PARTNERS WOULD LIKE.The asset class remains attractive

4、 over the long run,but the velocity of capital has dropped.Financial-engineering tailwinds have faded,higher base rates and evolving credit markets have reduced the contribution of leverage to equity returns,while market-wide multiple inflation has stalled.The result?A narrower spread versus public

5、markets and a wider gap between the best deals and the rest.That gap is bridgeable.Our synthesis of the data and recent deal experience points toward a clear center of gravity revenue growth not just cost takeout is the primary driver of value creation,and the best path to a higher exit multiple.Mar

6、gin work still matters,but it performs best when it makes the business easier to grow and the cash flows sturdier.Buyandbuild remains effective,but demands tighter arbitrage and greater scrutiny on deal logic and integration quality.Fund design also influences outcomes.Lowermarket and lower-volume p