preqin private equity spotlight february 2013

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  • The 3rd Annual SuperReturn Latin America 2013

    Winning Strategies For Maximising Successful Private Equity & Venture Capital Investment In Latin America

    4-6 March 2013, Windsor Barra Hotel, Rio de Janeiro, Brazil

    15% Reader Offer Dear Spotlight reader We will be in Rio de Janeiro for this years SuperReturn Latin America and as I am a speaker Im pleased to offer Spotlight readers a special 15% discount should you be planning to attend. SuperReturn Latin America brings together 100 of the regions most influential speakers in a one-stop learning and networking shop, packed with interaction and high value face-to-face opportunities with around 300+ global attendees, including 120 LPs. Kindest regards Mark OHare

    For all bookings & enquiries, please contact the SuperReturn Latin America 2013 Team Quote VIP: FKR2342PRSPOT for your 15% discount Tel: +44 (0) 20 7017 7200 Email: info@icbi.co.uk Web: http://www.superreturnlatam.com/FKR2342PRSPOT

  • Private Equity SpotlightFebruary 2013

    The 2013 Preqin Global Private Equity Report

    Preqins Private Equity Online service provides comprehensive data and intelligence on all aspects of the private equity industry.

    For more information, please visit:

    www.preqin.com/privateequity

    alternative assets. intelligent data.

    ISBN: 978-1-907012-62-4$175 / 95 / 115www.preqin.com

    2013 Preqin Global Private Equity

    Report

    This months Private Equity Spotlight features sample pages from the 2013 Preqin Global Private Equity Report, the most comprehensive review of the private equity asset class ever undertaken, including:

    Table of Contents - Page 2

    Private Equity in 2013 - The Year Ahead - Page 4

    Assets under Management and Dry Powder - Page 5

    Overview of Current Funds in Market - Page 6

    Distressed Private Equity GPs Key Stats and Facts - Page 7

    PrEQIn Private Equity Quarterly Index - Page 9

    Private Equity Benchmarks - Page 11

    The Evolution of the Limited Partner Universe - Page 13

    Make-up of PE-Backed Buyout Deals in 2012 by Type, Value and Industry - Page 14

    Conferences Spotlight - Page 15

    New York: One Grand Central Place60 E 42nd StreetSuite 2544New York, NY 10165+1 212 350 0100

    London: Equitable House47 King William StreetLondon, EC4R 9AF+44 (0)20 7645 8888

    Singapore:One Finlayson Green #11-02 Singapore 049246 +65 6305 2200

    Silicon Valley:303 Twin Dolphin DriveSuite 600Redwood City, CA 94065+1 650 632 4345

    w: www.preqin.come: info@preqin.comTwitter: www.twitter.com/preqinLinkedIn: Search for Preqin

    February 2013Volume 9 - Issue 2

    Welcome to the latest edition of Private Equity Spotlight, the monthly newsletter from Preqin providing insights into private equity performance, investors, deals and fundraising. Private Equity Spotlight combines information from our online products Performance Analyst, Investor Intelligence, Fund Manager Profi les, Funds in Market, Secondary Market Monitor, Buyout Deals Analyst and Venture Deals Analyst.

    Click here to sign up to receive your free edition of Private Equity Spotlight every month!

    www.preqin.com/spotlight

    Free Subscription:

    alternative assets. intelligent data.

    You can download all the data in this months Spotlight in Excel.Click on this symbol to download the datapack for the 2013 Preqin Global Private Equity Report sample pages. You are welcome to use the data in any presentations you are preparing; please cite Preqin as the source.

  • 2 2013 Preqin Ltd. / www.preqin.com

    The 2013 Preqin Global Private Equity Report - Sample Pages

    2013 Global Private Equity ReportContents

    CEOs Foreword 5

    Section One: The 2013 Preqin Global Private Equity Report

    Keynote Address - Moose Guen, CEO, MVision 7

    Section Two: Overview of the Private Equity IndustryPrivate Equity in 2013: The Year Ahead - Helen Kenyon, Preqin

    11

    Adapting and Thriving - Mark Florman, Chief Executive, BVCA

    12

    Silver Linings in Storm Clouds - Steve Judge and Bronwyn Bailey, PEGCC

    13

    Greater Communication was Best Response to the US Elections - Drte Hppner, Secretary-General, EVCA

    14

    Section Three: Assets under Management, Dry Powder, Employment and Compensation

    Assets under Management and Dry Powder 15Employment and Compensation 17

    Section Four: FundraisingPatience is a Virtue - Tripp Brower, Partner, Capstone Partners

    19

    Evolution of Fundraising Market in 2012 22Overview of Current Fundraising Market 25North American Fundraising 27European Fundraising 28Asian Fundraising 29Rest of World Fundraising 30Buyout Fundraising 31Distressed Private Equity Fundraising 32Growth Fundraising 33Mezzanine Fundraising 34Natural Resources Fundraising 35Venture Capital Fundraising 36

    Section Five: General PartnersFilling the Europe Credit Void - Rolf Nuijens, Head of North Europe Mezzanine, ICG

    37

    League Tables - Largest GPs 39

    Buyout GPs - Key Stats and Facts 43Distressed Private Equity GPs - Key Stats and Facts

    44

    Growth GPs - Key Stats and Facts 45Mezzanine GPs - Key Stats and Facts 46Natural Resources GPs - Key Stats and Facts 47Venture Capital GPs - Key Stats and Facts 48

    Section Six: PerformancePerformance Overview 49PrEQIn - Private Equity Index 52Private Equity Horizon Returns 53Private Equity Returns for Public Pension Funds 54Private Equity Benchmarks 55Consistent Performing Fund Managers 58

    Section Seven: Investors in Private EquityThe Evolution of the Limited Partner Universe 61Make-up of Investors in Recently Closed Funds 63Investor Appetite for Private Equity in 2013 65League Tables of Largest Investors by Region 70League Tables of Largest Investors by Type 71Investors to Watch in 2013 72

    Section Eight: Separate AccountsInvestor Use of Separate Accounts 73

    Section Nine: Investment ConsultantsOverview of Alternatives Investment Consultants 75

    Section Ten: Buyout DealsOverview of Private Equity-Backed Buyout Deals 77Global Buyout Exit Overview 79Make-up of Private Equity-Backed Buyout Deals in 2012 by Type, Value and Industry

    81

    Most Active Debt Providers and Deal Advisors 83Largest Buyout Deals and Exits 84

    Section Eleven: Venture Capital DealsOverview of Venture Capital Deals 85

    2 2013 Preqin Ltd. / www.preqin.com

    The 2013 Preqin Global Private Equity Report - Sample Pages

  • 3 2013 Preqin Ltd. / www.preqin.com

    The 2013 Preqin Global Private Equity Report - Sample Pages

    3 2013 Preqin Ltd. / www.preqin.com

    Venture Capital Deal Flow by Stage 87Most Active Firms, Largest Venture Capital-Backed Deals and Notable Exits

    89

    Section Twelve: Fund Terms and ConditionsPrivate Equity Fund Terms and Conditions 91Investor Attitudes towards Fund Terms and Conditions - December 2012 LP Survey Results

    93

    Leading Law Firms in Fund Formation 95

    Section Thirteen: Funds of FundsEvolution of Private Equity Funds of Funds 97Funds of Funds Managers - Key Stats and Facts 99Fundraising Review - Funds of Funds 100

    Section Fourteen: SecondariesReview of the Secondary Market and Investor Appetite in 2013

    101

    Secondary Market Intermediaries 103Secondaries Fund of Funds Managers - Key Stats and Facts

    104

    Secondaries Fundraising Review 105

    Section Fifteen: CleantechOverview of Cleantech Fundraising 107Investors in Cleantech 109Overview of Private Equity-Backed Cleantech Deals

    110

    Section Sixteen: Placement AgentsOverview of Placement Agent Use in 2012 113Profi le of the Placement Agent Industry 115

    Section Seventeen: Fund AdministratorsOverview of Fund Administrators 117

    Section Eighteen: Fund AuditorsOverview of Fund Auditors 119

    Section Nineteen: Preqin ProductsOrder Forms 121

    The data behind all of the charts featured in the 2013 Preqin Global Private Equity Report is available to purchase in Excel format.

    Please contact sales@preqin.com for more information and to purchase your data pack now.

    The 2013 Preqin Global Private Equity Report contains the most up-to-date data available at the time of going to print. For the very latest statistics and information on fundraising, institutional investors, fund managers and performance, please visitwww.preqin.com/demo to register for a walkthrough of Preqins online databases.

    The 2013 Preqin Global Private Equity Report - Sample Pages

  • Section Two: O

    verview of the Private Equity Industry

    alternative assets. intelligent data.

    4

    Private Equity in 2013: The Year Ahead- Helen Kenyon, Preqin

    Since 2008 and the onset of the global fi nancial crisis, private equity fundraising levels have remained fairly consistent, with $280-320bn raised by funds that closed each year. Fundraising in 2012 exceeded this; over the course of the year, 761 funds closed, raising an aggregate $327bn.

    While volatility in the wider fi nancial markets and investor caution have contributed to lower levels of fundraising in recent years, what can we expect for fundraising in 2013 and beyond?

    Private Equity Returns

    Private equity funds have generally performed well over the longer term, as illustrated by our PrEQIn Private Equity Quarterly Index, shown on page 50, and horizon IRRs over 10 years, shown on page 51. This is refl ected in what LPs are telling us: 74% of investors interviewed for our December 2012 study were satisfi ed with the returns they had received from their private equity investments and a further 11% told us returns had exceeded their expectations.

    The vast majority of investors are looking to increase or maintain their private equity allocations over both the short and long term (87% and 81% resp

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