- Each bar represents the dispersion of returns as measured as the difference in IRR between top and bottom quartile funds
- Historically, the difference in investing with bottom quartile managers instead of those in the top quartile in private markets is approximately 15%
- The purple dot represents the median IRR for each strategy
- Credit’s dispersion of returns is lower than other strategies, as seen through the median being higher than the spread, since it is historically the least volatile strategy
