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Follow on Google News | Navasota Group Glad That Private Equity Industry Surpasses 2008-2009 PerformanceAt year end, the Index stood at 115.3, its highest level since the fourth quarter of 2007. Other key metrics captured by the fourth quarter Private Equity Index include:
By: Emily Miyamoto At year end, the Index stood at 115.3, its highest level since the fourth quarter of 2007. Other key metrics captured by the fourth quarter Private Equity Index include: - Private equity-based buyout activity for all of 2010 was at $221 billion, the highest since 2008. - For the year, there were 96 PE-backed IPOs that raised in excess of $35 billion globally, up from 32 IPOs that raised $12.7 billion globally in 2009. - U.S. private equity exits for the year exceeded $110 billion, more than double 2009’s total. - Equity contributions to buyouts remained near record highs, with an average gross leverage ratio of 2.41-to-1 in 2010, or a 41% of enterprise value above the 10-year moving average of 35%. Investment, deal volume, and exits all increased sharply in 2010 and the Index finished the year well above its 10-year moving average as a result. But while investment activity in 2010 reached levels that hadn’t previously been seen since early 2008, fundraising remains the soft spot showing no increase over 2009 and remaining near 2004 levels. Fundraising lags primarily due to high levels of uncalled buyout and growth capital funds’ capital reserves. As of January, buyout “dry powder” was estimated to be $446 billion globally. Designed to provide an accurate snapshot of the state of the private equity market at any given point in time, the PE Index is a composite measure of global private equity activity based on four key factors: total direct investment (including equity contributions to acquisitions and minority stakes, public equity investments, and other corporate financing); buyout transaction volume; fundraising; About Navasota Group Founded in 2003, Navasota Group specializes in; alternative energy, biotechnology, oil and gas technology, medical devices and instrumentation, imaging and diagnostics, nanotechnology firms, heavy industry technology, and mining operations. Navasota Group funds total more than $800 million. For more information, please visit www.navasotagroup.com. Media Contact Emily Miyamoto Navasota Media Coordinator press@navasotagroup.com # # # Drawing on extensive operational backgrounds as entrepreneurs and executives, Navasota’s partners provide management teams with world class counsel through every phase of company growth. We offer clients a wide range of investment opportunities, from early stage companies, which require seed funding, to well-established companies with a proven track record. The firm’s exceptionally strong investment returns have given us one of the best track records in the industry. End
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