Preqin Quarterly Update: Private Equity, Q1 2016
The first quarter of 2016 saw 150 funds hold a final close, raising an aggregate $66bn and representing a slowdown on the strong fundraising of the previous quarter. Global private equity-backed buyout deal and exit activity also slowed noticeably, especially when compared with the levels seen in 2015. Total private equity dry powder is now at a record high of $775bn, putting more and more pressure on entry prices for assets. Encouragingly, 2,408 venture capital deals worth an aggregate $34bn were completed, putting an end to the slump in deal value seen at the end of last year.