Private Equity Capital Briefing

Monthly insights and intelligence on private equity and capital market trends

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July highlights

Fundraising

  • Fundraising activity remained strong in 1H18, albeit off last year’s record levels. PE firms have closed 376 funds so far this year with aggregate commitments of US$267.8b.
  • Activity was driven by closings from a number of large funds. The average size of PE funds closed in 1H18 increased by 27% versus a year ago.
  • Buyout funds remain the most active strategy, accounting for 36% of funds raised in 1H18, followed by real estate (20%) and infrastructure (13%).

Acquisitions

  • Investment activity grew markedly in 1H18 versus the same period last year, jumping 61% to US$250b across more than 800 deals.
  • It was the busiest first half of the year in more than a decade.
  • Activity in the Americas grew the most, increasing by 71% versus a year ago, followed by EMEA and Asia-Pacific, where acquisition activity increased by 59% and 42% respectively.

Exits

  • PE exits have witnessed a modest decline so far this year, with 526 deals valued at US$178b, down 6% from a year ago.
  • Declines in exit activity were evident in both M&A and IPOs.
  • Overall, PE exits are falling, although secondaries are increasing as PE firms seek ways to deploy dry powder.
  • From a regional perspective, while the Americas and EMEA regions saw declines in exits, activity in Asia-Pacific increased substantially.
Private equity capital briefing July 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.