The plumping of U.S. buyout funds is a trend driven by mega-funds returning to the fundraising market, firms stepping up their fund size on the back of strong performance, and a recovering appetite for private equity by institutional investors in the wake of the financial crisis.
The Colorado Public Employees’ Retirement Association enjoyed a strong spell of private equity distributions last year in its private equity portfolio, realizing over $899 million. Vintage funds from 2005-2008 did the heavy lifting, accounting for $606.8 million, or roughly two-thirds, of that total.
The Colorado Public Employees’ Retirement Association enjoyed a strong spell of private equity distributions last year in its private equity portfolio, realizing over $899 million. Vintage funds from 2005-2008 did the heavy lifting, accounting for $606.8 million, or roughly two-thirds, of that total. Zeroing in just on the buyout side of Colorado PERA’s portfolio, TSG […]
For the past four years the H1 fundraising totals average 46.8 percent of what turn out to be the yearly tallies. Using that same formula, the year-end fundraising total for U.S. sponsors of buyout and mezzanine funds projects to shoot far past last year’s healthy total and flirt with the $250 billion mark. 2015 has been a strong year in fundraising and there are no signs of it slowing down, given the record levels of distributions driving the demand from institutional investors and plenty of funds to put their money in.
In order to gauge the outlook of the M&A market for the second half of 2015, Axial surveyed 100 bankers, investors and lenders. What they found was 81 percent believe the deal flow is being hampered by either high valuations or unrealistic ask prices.
U.S.-based buyout and mezzanine fundraising had a strong two-week period, seeing its year-to-date total hit $139 billion. As it currently stands, this year’s aggregate is $19.3 billion ahead of where it was at this time in 2014.
In the Crossroads of the Pacific, the Employees’ Retirement System of the State of Hawaii reigns over $1.4 billion in committed capital across 167 active funds. To get a picture for what the future of its private equity portfolio holds, we pulled out the top funds by IRR from 2009-14 from Hawaii’s latest performance data. The accompanying table shows the top 10.
U.S.-based buyout and mezzanine fundraising had a prolific two-week period, seeing its burgeoning 2015 aggregate expand by $13.1 billion. This year’s total sits $20.6 billion ahead of where it was at the same time last year.
In the vast frontier of Big Sky Country, the Montana Board of Investments pension fund resides over $2.3 billion in committed capital. In order to take a look at the promise of future gains, we pulled out the top funds from 2010-14 by IRR from Montana’s latest performance data. This left us with a pool of 48 funds. The following table shows the top 10.
Download the year-to-date 2015 league tables for financial and legal advisers.