Private Equity Fundraising Surges in Q2; Invested Capital Totaled $108 Billion
Washington, D.C. – In the second quarter of 2014 private equity fundraising nearly doubled to $50 billion, indicating investors’ continued interest in the asset class, according to the Private Equity Growth Capital Council’s quarterly Trends Report.
Investment and exit volumes also exceeded second quarter levels over the past five and ten years, respectively. Total invested capital reached $108 billion, while exit volume was $46 billion. In addition, the PEGCC Trends Report found that dry powder grew 7 percent, from $412 billion in March to $440 billion as of July 2014.
“Q2 proved to be another active quarter for private equity,” said Bronwyn Bailey, PEGCC Vice President of Research. “Deal volume, invested capital and exits are all trending positive year-over-year and fundraising surged to nearly $50 billion, a significant increase from the previous quarter.”
Steve Judge, PEGCC President and CEO added: “Private equity continues to boost the economy by investing in U.S.-based businesses and returning billions to investors, who help secure retirements for millions, engage in charitable pursuits, and provide financial aid to students.”
Released each quarter, the PEGCC’s Trends Report provides an analysis of key factors impacting private equity industry activity in the U.S.
The full report can be found here.
About the PEGCC Private Equity Trends Report
Designed to provide a snapshot of the private equity market, the quarterly Private Equity Trends Report analyzes key factors that affect U.S. private equity investing. The Private Equity Trends Report provides analysis based on data from PitchBook, Preqin and Standard & Poor’s Leveraged Commentary & Data.
About the Private Equity Growth Capital Council
The Private Equity Growth Capital Council (PEGCC) is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity and growth capital investment industry and its contributions to the national and global economy. Established in 2007 and formerly known as the Private Equity Council, the PEGCC is based in Washington, D.C. The members of the PEGCC consist of the world’s leading private equity and growth capital firms united by their commitment to growing and strengthening the businesses in which they invest. More information about the PEGCC can be found at www.pegcc.org.
