Rick Hayes at Oak Hill gave a recent presentation where he put up some data on the quartile spreads in private equity (including venture capital). He compared that asset class to public equity and fixed income in terms of the spread between the top and bottom quartile, and the result is worth knowing:
Related posts:
Does limiting the data to 1980-1995 leave out the bubble period because 1) the late 90s measures the results in an extreme, unusual situation or 2) that would show more managers around the mean