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 Performance Measurement Requires Unique Calculations
View PDF To help institutional investors better understand whether their private equity portfolios are performing well, Callan recently published “The Keys to Unlocking Private Equity Portfolio Assessment,” covering performance measurement and benchmarking for this asset class. In this blog post we focus on how performance for private equity is calculated and how it differs from return calculations […]
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 […]
The Impact of Brexit on Private Equity in the U.K. and Europe
While the March 29 deadline for the United Kingdom’s departure from the European Union (EU) has been extended to April 12, there is still no clear direction on its implementation, and even its timing remains uncertain. To better understand the ramifications, Callan conducted an extensive review of private equity activity since the June 2016 referendum […]
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 […]