After closing 992 deals worth $209.3 billion in 4Q 2013, PE firms completed just 850 worth $152.5 billion in 1Q 2014. The majority of the decline was due to a 14% quarterly slide in North American deal flow. European PE activity was down 10% in 1Q, the third consecutive quarterly decline for the continent. In fact, quarterly European deal flow has declined 37% since 2Q 2013. Global capital invested declined for the first time in 1Q 2014 to $152.5 billion, the lowest total since the $137 billion invested in 2Q 2013.
Exits and fundraising totals weren't stellar, either. For a closer look at the numbers, and to check out the related datagraphic, click here.