Globally, all exit routes are wide open for PE firms right now. Welcoming public markets, hungry strategic buyers and solid appetite for secondary buyouts all converged to produce 709 transactions worldwide in 1H 2014. There may be more to come, too, as PE portfolios age, dry powder continues to pile up and lending markets remain lenient. For the full breakdown of global PE exit activity and an update on the worldwide inventory of PE-backed companies, download PitchBook's 2H 2014 PE Exits & Company Inventory Report, released today. Powered by the PitchBook Platform, this report examines exit trends over the past decade and provides comprehensive analysis of current PE inventory by drawing on a wealth of individual company profiles.
Highlights from this report include:
• 2014 is on record pace for capital exited, at $199 billion through 1H
• IPO activity accounts for 13% of all 1H exits, 5% more than 1H 2013
• Company inventory continues to hit new highs in 2014, though the pace has slowed to a crawl