Triago Quarterly Report: Megabuyout Funds To Return to Market

Triago, the global placement agent, has issued its quarterly report.

Among the notable finds are:

  • Megabuyout funds are expected to return to the fundraising market. Triago estimates that as many as seven $5 billion-plus funds will launch over the next year with a collective fundraising target of $50 billion.
  • Net asset values rose 2.8% across all categories of PE funds for the quarter ended June, while overall PE net assets value shot up 7.1% in the first half. The average leveraged multiple in second quarter was 8.1x EBITDA, according to Standard & Poor’s LCD.
  • GPs are hoping to tap the IPO market  in coming months. In the U.S. there are 170 potential issuers, targeting proceeds of $56 billion. Buyout managers account for 30% or $17 billion of the pipeline’s value through 42 portfolio companies.
  • A roundtable discussion on the confidence gap between GPs and LPs.

See the report here.