PitchBook Issues its Much Anticipated PE Breakdown Report
Previewed in this space earlier this month, financial research firm PitchBook released its 2011 Annual Private Equity Breakdown this week. In sum, the report is a mixed bag. While the report touts a $50 billion 4Q 2010 PE investment figure (more than 4 times the amount invested in 4Q 2009 and more than 6 times invested in 2Q 2009 at the bottom of the economic downturn), it cautions about a $485 billion capital overhang (the amount of funds raised raised by PE funds that remain uncalled) as well as a portfolio company overhang (PE firms owned an all-time high 5,994 U.S. companies at...
January 20, 2011 read more
Yet Another Upbeat Private Equity Report
BDO, one of the largest tax, accounting and consulting companies in the country, released on January 12, 2011 a report titled Private Equity Fund Managers are Expecting a Bigger and Better 2011. For this survey BDO reached out to over 100 senior executives at U.S. PE firms. The key theme of the survey is that 2010 was better than the last few years and that managers are very upbeat for year 2011, i.e. they expect to close a lot more new deals. What is somewhat astonishing about the survey is that 69 percent of the managers are actually expecting that deal flow will surpass the 2007...
January 18, 2011 read more
How did Private Equity do in 2010?
PitchBook is in the process of rolling out its annual private equity deal numbers and on Monday they posted a short preview of its upcoming Annual Private Equity Breakdown 2011 report which will be released next week. The authors of this blog, just as many other tax professionals, are looking for an uptick in private equity business, and the preliminary numbers seem to suggest that such an uptick is in place. According to Pitchbook business in 2010 was up compared to 2009 but nowhere near close to the 2005-2007 years. Year 2010 however showed a moderate use of leverage, which is...
January 04, 2011 read more