P.E. Exits Soar In First Half

Jul 10 2014 | 6:12am ET

Private-equity firms apparently failed to heed Leon Black’s advice last year to sell “everything that’s not nailed down”—at least until now.

P.E. exits hit an all-time high for a first half this year, with firms selling $187.3 billion in holdings, according to Dealogic. In the first half of last year, by contrast, exits totaled only $97.3 billion.

In the first six months of 2014, exits in North and South America alone topped that figure at $98.8 billion.

Secondary buyouts hit a seven-year high at $35.9 billion.

P.E. firms may have been so busy selling that they didn’t have much time to buy: Dealogic said that fewer deals were struck than in any first half in three years. Deal-making totaled just $128.7 billion through June, down 12% from the first half of 2013.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of