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.