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.
The number of venture funds seeking money worldwide grew to a six-year high in May, according to a report from Preqin. As of May, 369 funds were on the road hoping to raise $50.5 billion in new capital, the report found.
One big uncertainty for the year ahead is the health of the private equity fundraising market. After all 2011 wasn’t what you might call the best of times. But then, it is not as if the industry really needs the money, as strange as that sounds. Here is a calculation I came across this morning […]
Cleantech funds are hardly barnburners, but it is interesting to note that many may have performance multiples of at least capital invested. This is according to Preqin, which in a recent report found the median multiple for cleantech funds is above 1.00x. The company compares distributions and fund value with cash invested. The company said […]
Data and intelligence provider Preqin has appointed Anthony Habgood to the company’s board of directors as chairman. Anthony is chairman of Reed Elsevier and Whitbread plc. PRESS RELEASE Preqin, the alternative assets industry’s leading source of data and intelligence, is pleased to announce that Anthony Habgood has joined the company’s board of directors as Chairman. […]
Twenty-seven secondary funds are out seeking capital, according to a report from Preqin. The funds hope to raise $19.8 billion from investors with a majority of the new investment vehicles focused on North America. According to Preqin, 59% target stakes in North American private equity funds, while 30% set their sights on Europe. The remaining […]
TrueCar broke the ice. Many LPs hope the hole gets larger. TrueCar, a startup that lets consumers check the prices of car sales, said Wednesday it raised $200 million in debt and equity financing, with part of its equity investment marketed on the secondary site SharesPost. SharesPost says it is the first time a company […]
LPs appears to be warming to private equity, in particular mid-market buyouts, distressed equity and venture capital. At least they were prior to the August financial shock. Almost two-thirds of LPs said they committed new money to the PE asset class in the first half of the year, a pace that is ahead of the […]
I came across a smidgen of data today that may not surprise anyone, but is worth mentioning. Vintage year 1997 venture capital funds appear to lead the industry in returns. Two years later, performance entered a downward slide that hasn’t completely reversed. According to a Preqin analysis of fund IRRs, vintage 1997 funds “have achieved […]