We know that venture fundraising is sluggish. But it turns out venture deal activity isn’t so brisk, either.
If you thought we might see a slowdown in the private equity secondary market in 2013, you probably don’t work for a pension fund, bank or insurance company. According to the private equity data provider Preqin, which just finished interviewing roughly 40 institutional investors worldwide, fully 98 percent of them said they expect to see as much if not more activity on the secondary market than last year.
While in the U.S., the picture for women in the field of private equity remains largely unchanged, a decidedly different picture is emerging in Asia, says Preqin, the PE data provider.
Overall, the vast majority of limited partners say they expect to maintain or increase their allocations to private equity in 2013, according to a new survey from Preqin. The exact number is 76%. However, expectations appear less sanguine than a year ago.
If there is good news to be had in private equity these days it is that limited partners seem to want to put new money to work. Many GPs will argue that consistency is their forte. But only some can truly make that claim, a new study finds.
Venture capital activity retreated around the globe in the third quarter with dollars invested falling 20% and the deal total slipping eight percent from the second quarter, according to Preqin.
Venture dollars have shifted to early from late stage investing over the past several years. It is a shift that proved fastest in quick changing industry segments, such as the consumer Internet, and slowest in segments like semiconductor that are less dynamic.
Across the globe, 133 early stage venture funds are on the road seeking $10.7 billion in capital. Some, apparently, are meeting with success. From January to July this year, 40 early stage funds closed on $7.4 billion, Preqin reports.
The research firm said global activity rose 16% in deals done and dollars allocated, with Internet startups attracting more than a quarter of all investments. Seed, angel and Series A deals made up a third of transactions.
The Preqin study, released today, found that the quarterly deal flow varied over the 10-quarter period from about 60 to almost 100, with a spike of dollars allocated in the first quarter of 2011, when Facebook raised $1.5 billion and Zynga brought in $485 million.