PitchBook Data has released its second quarter/first-half of 2009 private equity investment data. The data shows that private equity investors are in fact doing deals despite the current economical turmoil, but are still waiting to invest a significant portion of their $400 billion of dry powder. A total of 174 investments were completed in U.S. companies during the quarter with another 44 announced but still pending.
In response to the current credit markets, PE investors are using less leverage and finding more opportunities in the lower and middle-market, which accounted for 70% of all investments in the first half of 2009. Another trend emerging is the increase in the use of add-on acquisitions, which has accounted for a total of 43% of all buyouts so far in 2009.
To view the press release with more analysis of current investing trends and data for your own analysis please visit PitchBook's Library.