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In its latest report, Cambridge Associates found that the benchmark performance for private equity lagged behind public companies, both large and small, over the past five years through Dec. 31, 2013.
LPs sweetened by bumper payouts An attractive exit market helped boost distributions to record levels in 2013, with $568 billion returned to global private equity and venture capital investors, according to researcher Preqin. Venture capital exits grew to $72 billion last year and there were almost $65 billion of exits in the first half of […]
The typical alternative asset portfolio at state pension systems includes private equity, real estate, hedge funds and real assets.
The Carlyle Group’s $115 million settlement of a lawsuit that alleged that it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, an industry source told Buyouts.
Through June 30, 2013, the top public pension system with the highest 10-year returns from private equity investments has been the Teacher Retirement System of Texas with 18.2 percent.
Buyout and mezzanine funds based in the United States have raised $136.3 billion in capital commitments from institutional investors through Aug. 5. Overall fundraising continues to outpace the amount raised this time last year, when buyout and mezzanine funds managed to collect $100.5 billion in commitments.
All eight key buyout sectors tracked by Cambridge Associates posted strong positive returns in the last quarter of 2013.
Through Aug. 14 there have been 363 M&A exits by U.S.-based private equity sponsors this year, totaling almost $65 billion in disclosed value.
Of the 295 M&A exits completed by U.S.-based financial sponsors in the first half, the largest portion belonged to the high technology industry with 46.
In the first half of 2014, 295 M&A exits were completed by U.S.-based financial sponsors, with a total disclosed value of more than $52 billion.