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Research

YTD September 2018 - Private Equity Market Review & Outlook

Highlights

  • The strong US macroeconomic performance appears to have impacted investor allocations. Across regions investors put significantly more capital towards US private equity and venture capital funds than a year ago.
  • Buyout investments surged as markets across the Atlantic recorded the largest buyout deals since 2008. In particular, US market deal volume rose substantially due to mega size deals and already surpassed the full-year 2017 volume in the first three quarters of 2018.
  • Buyout acquisition pricing tempered in the US, while the European buyout prices continued to trend upwards making European deals more expensive than US deals for the first time since 2014.
  • Pricing of secondary interests remained stable indicating a balance in the market despite a substantial rise in secondary dry powder.

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