Investors’ Desire for Gains Drives Interest in Private Equity
PE Newsletter This blog post from Callan’s Private Equity Consulting Group provides a high-level summary of private equity activity in the third quarter through all the investment stages, from fundraising to exits, as well as performance data across a range of market cycles. (Investment-stage data provided by PitchBook; performance data from Refinitiv/Cambridge.) Pressure on institutional […]
Private Equity Attractive to Return-Seeking Investors
View PDF This blog post from Callan’s Private Equity Consulting Group provides a high-level summary of private equity activity in the second quarter through all the investment stages, from fundraising to exits, as well as performance data across a range of market cycles. (Investment-stage data provided by PitchBook; performance data from Refinitiv/Cambridge.) Private equity remains […]
How to Distinguish Between Growth Equity and Late-Stage Venture Capital
Read Ashley’s Paper Fund sponsors should understand the characteristics of the assets in which they are invested, or are evaluating as possible investments. This better positions them to make informed judgments about their long-term strategies and the construction of their portfolios. This tenet is especially relevant for investors in private equity given the wide dispersion […]
Analysis of 1Q19 Private Equity Markets
View PDF This blog post from Callan’s Private Equity Consulting Group provides a high-level summary of private equity activity in the first quarter through all the investment stages, from fundraising to exits, as well as performance data across a range of market cycles. (Investment-stage data provided by PitchBook; performance data from Refinitiv/Cambridge.) Fundraising: Strong Start […]
In 4th Quarter, Private Equity Downshifted Amid Volatile Markets
4Q18 Review The number of transactions fell modestly for 2018 and in the fourth quarter, reflecting less certainty in more volatile—and trickier—capital markets. However, dollar volumes associated primarily with fundraising, as well as venture capital (VC) investments and exits, increased. Overall activity remains near record levels. Fundraising: In 2018, private equity partnerships holding final closes raised […]
What You Need to Know About Private Equity 2Q18
This blog post from Callan’s Private Equity Consulting Group provides a high-level summary of private equity activity in the second quarter through all the investment stages, from fundraising to exits, as well as performance data across a range of market cycles.
Hyperactive Private Equity Markets Merit Steady Pacing
View PDF With volatility returning to the public markets in the first quarter, private equity activity slowed somewhat but remained brisk in absolute terms. Fundraising declined from prior periods. Company investments and exits trended slightly lower, although venture capital funding rose. Callan recommends vigilance in commitment pacing during this frothy market, in which the absolute […]
Year in Review: Private Market Activity Maintains Strong Pace
View PDF In 2017, U.S. equity assets appreciated for the ninth straight year: The tax reform legislation passed by Congress fueled positive sentiment about future economic fundamentals, while the markets shrugged off Fed rate hikes. In the private equity market, company investments and exits trended strongly up during the year for buyouts, with venture capital […]
Private Markets Stay Robust in 2017
View PDF As 2017 progressed, the private markets stayed on track to set records for fundraising. New private equity partnership commitments totaled $249.4 billion through the third quarter, up 29% from the same period in 2016, according to Private Equity Analyst, and on a pace to top the record $312 billion raised in 2016. And over three […]
Low Volatility + Rising Markets = Strong Liquidity
Low volatility and gently rising markets fostered ongoing “Golden Era” conditions in the private equity market. Fundraising is on pace to best last year’s post-GFC high; buyout and venture investments slowed slightly but dollar volume remained healthy.