In the second quarter of 2014 private equity fundraising nearly doubled to $50 billion, indicating investors’ continued interest in the asset class, according to the Private Equity Growth Capital Council’s quarterly Trends Report.
Investment and exit volumes also exceeded second quarter levels over the past five and ten years, respectively. Total invested capital reached $108 billion, while exit volume was $46 billion. In addition, the PEGCC Trends Report found that dry powder grew 7 percent, from $412 billion in March to $440 billion as of July 2014.
“Q2 proved to be another active quarter for private equity,” said Bronwyn Bailey, PEGCC Vice President of Research. “Deal volume, invested capital and exits are all trending positive year-over-year and fundraising surged to nearly $50 billion, a significant increase from the previous quarter.”
“Private equity continues to boost the economy by investing in U.S.-based businesses and returning billions to investors, who help secure retirements for millions, engage in charitable pursuits, and provide financial aid to students,” said Steve Judge, PEGCC President and CEO.
Released each quarter, the PEGCC’s Trends Report provides an analysis of factors impacting private equity industry activity in the US. The report provides analysis based on data from PitchBook, Preqin and Standard & Poor’s Leveraged Commentary & Data. A free copy of the quarterly Trends Report can be found HERE.
The Private Equity Growth Capital Council (PEGCC) is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity and growth capital investment industry and its contributions to the national and global economy. Established in 2007 and formerly known as the Private Equity Council, the PEGCC is based in Washington, DC. The members of the PEGCC consist of the world’s leading private equity and growth capital firms united by their commitment to growing and strengthening the businesses in which they invest. More information about the PEGCC can be found at www.pegcc.org.
2014 PEPD • Private Equity’s Leading News Magazine • 8-12-14
