PitchBook October 10, 2014
Lucrative exit multiples, bolstered by M&A-hungry strategics, may generate a new record tally for U.S. private equity capital exited in 2014. Concurrently, those valuations boosted middle-market activity, with a historically high amount of deals and capital invested in the $100 million to $1 billion range. Those are just two takeaways from PitchBook’s 4Q 2014 U.S. PE Breakdown; to digest even more highlights, watch our video recap of the report and see our top 5 takeaways below:
The fundraising trail is on the friendlier side as over 88% of PE funds have been hitting their targets this year.
U.S. private equity deal flow pulled back a bit during the 3rd quarter with 588 deals totaling $110 billion of capital invested.
PE deals continue to take advantage of today’s wide open credit markets by adding additional leverage to deals.
Add-ons and other non platform/non-buyout deals continue to dominate PE activity.
PE firms believe now is a time to sell as 2014 is on track to set a capital exited record.
To download the full version of the 4Q 2014 U.S. Private Equity Breakdown report, click here.