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.


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