Triago has come out with its latest quarterly report.
Among the noteworthy finds, the net asset values across all categories of PE funds soared 7% late last year (from October to December 2010), the report says.
This marks a 40.1% cumulative gain over seven consecutive quarters and puts PE portfolio values nearly on par with the prefinancial crisis peak, Triago says. Net asset values will likely rise for an eighth consecutive quarter. But before you jump for joy, Triago warns that funds from 2005 to 2008 remain far from the hurdle rates that will trigger carried interest for GPs. This means trouble for exit volumes, cash distributions and fundraising in the second half of 2011, Triago says.