High Quality
Open the downloaded document, and select print from the file menu (PDF reader required).
A UNIQUE PERSPECTIVE ON THE ISSUES AND OPPORTUNITIESFACING INVESTORS IN PRIVATE EQUITY WORLDWIDE
Global Private Equity Barometer
Winter 2008-09
Winter 2008–09
2
Coller Capital’s
Global Private Equity Barometer
Coller Capital’s
Global Private Equity Barometer
is a uniquesnapshot o worldwide trends in private equity – a twice-yearlyoverview o the plans and opinions o institutional investorsin private equity (Limited Partners, or LPs, as they are known)based in North America, Europe and Asia-Paciic.This edition o the
Global Private Equity Barometer
capturedthe views o 107 private equity investors rom all round theworld. The
Barometer
’s indings are globally representative o the LP population by:Investor locationType o investing organisationTotal assets under managementLength o experience o private equity investing
Contents
Key topics in this edition o the
Barometer
include: LPs’ returns expectations & appetite or PE The secondaries market Buyout unds’ perormance multiples Pace o GP investment Attractive areas or GP investment Asia-Pacifc PE market Middle East PE market
Winter 2008–09
3
Investors’ appetite or privateequity remains strong
The recent downturn in the global economy and fnancialmarkets has not dented investors’ appetite or private equity– 97% plan to maintain or increase their target allocation toprivate equity over the next year, which is broadly in line withtheir intentions in recent years.
(Figure 1)
LPs’ plannd changs o hr prva quy allocaon n hnx 12 monhs
Winter2004-05Winter2005-06Winter2006-07Winter2007-08Winter2008-09
IncreaseStay the sameDecrease
Two thirds o LPs to reach orexceed target PE allocationin 2009
By the end o 2009 two thirds o LPs (66%) are likely to be at,or above, their target private equity allocations.GPs planning new unds in 2009 should take note: NorthAmerican LPs (28%) are more likely to have exceeded their targetallocation than European LPs (14%) or Asia-Pacifc LPs (19%).
LPs’ ancpad lvl of Pe commmns compard wh hrarg Pe allocaons – a nd 2009
(Figure 2)
Our commitments will be in excess of our target allocationOur commitments will be approximately equal to our target allocationOur commitments will be lower than our target allocation
All LPsNorth AmericanLPsAsia-PacificLPsEuropeanLPs
Commenting has been disabled.