Private Equity Capital Briefing

Monthly insights and intelligence on private equity and capital market trends

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April highlights

Fundraising

  • Fundraising activity remained strong in Q1, though off the lofty levels of last year. PE firms closed funds valued at US$117b, down 33% from Q1 2017.
  • Buyout funds continue to be heavily represented, accounting for nearly 40% of aggregate fundraising so far this year.
  • Buyout firms now have US$637b in capital available for investment that is growing at a rate of 10.5% annually.

Acquisitions

  • PE deal activity is up 60% by value versus a year ago. It was the most active first quarter for PE since 2007.
  • Activity remains strong in both EMEA and the Americas, while Asia-Pacific has seen declines.
  • PE firms expect to add to their headcount in the coming months, particularly for deal-related professionals, as they seek to deploy some US$640b in dry powder.

Exits

  • PE exit activity declined in the first quarter, as firms continue to focus on deployment. Firms announced exit deals valued at US$57b, down 26% from Q1 2017.
  • Declines in exit activity were evident in both M&A and IPOs.
  • According to the 2018 EY Global Private Equity Divestment Study, firms are getting more programmatic in the exit planning. Sixty-one percent now determine the right time to sell 12 months before exiting, up from 35% in the 2017 study.
Private equity capital briefing April 2018

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About the Private Equity Capital Briefing 

The Capital Briefing helps you keep current on private equity trends and data, including fundraising, acquisitions and exits. It also provides perspectives on the global M&A market, cross-border deal flows, initial public offerings (IPOs), debt and bond markets.