PitchBook
Buyout multiples: Steady as they go
Coming soon Download PitchBook’s Report here. Despite nine interest rate hikes since December 2015, buyout multiples have remained remarkably steady. The…
Read MoreSBOs are growing in size
Download PitchBook’s Report here. Private equity has three major exit ramps—strategic sales, secondary buyouts and IPOs. They tend to trend independently…
Read MorePrivate equity heads west
New York is the epicenter of private equity, as it has been since its beginning. Wall Street was already around…
Read MoreTake-privates are cheap sometimes
That’s according to Bain & Company, which made a salient point: “Despite the run-up in equity prices, public investors often…
Read MoreReturns healthy, still under pressure
Download PitchBook’s Report here. TVPI multiples—more simply known as investment multiples—remain healthy. Gains from post-vintage buckets (2010-2016) were all boosted by…
Read MoreAcacia funds
Download PitchBook’s Report here. Acacia trees are those huge, canopy-like trees in Africa that giraffes feast on. It helps to be…
Read MoreAre IRRs inflated?
Download PitchBook’s Report here. It’s a slightly different question than asking whether IRRs are trustworthy in general. That debate has been…
Read MoreDownturn opportunities don’t last long
Bain & Company released its annual private equity report this week. It’s required reading for the industry every year. One…
Read MoreAre dry powder levels a concern?
Download PitchBook’s Report here. PE capital overhang levels reached $800 billion last year between North America and Europe. For perspective, the…
Read MoreBigger funds and lower margins
Download PitchBook’s Report here. Over 90% of 2018 vintage PE funds were larger than their predecessors. That’s the first time in…
Read More