It's pretty common in private equity to analyze market data on a year-to-year basis. Once the calendar flips to January 1, we tally the industry's annual total and compare it to prior years, under the guise that we can decipher where the industry is and where it's going using headline numbers. But the bits and pieces of the data are much more interesting than the whole.
We decided to compare PE data from 2006 and 2014, two years that had relatively small differences in total capital invested. If 2014 was as strong as 2006, does that mean we could be looking at a record-breaking 2015 along the lines of what we saw in 2007? We tackle the subject and more on the PitchBook Blog: click here.