PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data
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: : Fall Fall 2010 2010 PitchBook Benchmarking Report Deck Fall 2010 Request a demonstration or training: Email: [email protected] Phone: 877-267-5593 For additional analysis or slides: Email: [email protected] Phone: 206-623-1986
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PitchBook Data, Inc. has published its Private Equity & Venture Capital Benchmarking - Fall 2010 Presentation Deck. The slides were all sourced from the PitchBook Platform and cover U.S. and global PE and VC fundraising, current capital overhang and fund returns. Please feel free to utilize these slides for conferences, board meetings and other related presentations.
Transcript of PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data
: : Fall Fall 20102010
PitchBook Benchmarking Report DeckFall 2010
Request a demonstration or training:Email: [email protected] Phone: 877-267-5593
For additional analysis or slides:Email: [email protected]: 206-623-1986
About the PitchBook Platform PitchBook is an independent and impartial research firm dedicated to providing premium data, news and analysis to the private equity industry. As a specialty-focused information resource, PitchBook's core strength is its ability to meticulously collect, organize and analyze hard to find private equity and venture capital deal and fund data.
PitchBook’s mission is to provide its clients with the highest quality private equity information, with an acute focus on deals and companies. PitchBook aims not only to offer market-leading proprietary data, but to also provide the tools that help industry professionals effectively find, share and use information to make better decisions.
Private Equity Private Equity FundraisingFundraising
PE Fundraising Count on Pace with 2004
Number of Funds Closed and Total Capital Raised by Year
PE Fundraising Levels OffUS Private Equity Fundraising by Quarter
# of Funds Raised in 3Q10
Up 33% from 3Q09
2001 Vintage Funds Post Highest Average Return
Average PE Fund IRR and Capital Raised by Vintage Year
New Funds Targeting the Middle Market
Percentage of US PE Funds (Count) by Size
Mega Funds Disappear in 2010Percentage of Capital Raised by Size – US Funds
Fund Returns Fund Returns OverviewOverview
J-Curve
PE Leads in Average IRR Since 2000Average Fund IRR by Vintage Year
Vintage Year
Source: PitchBook
Private Equity Outperforming in the Long Run
Horizon IRR – Private Equity, Venture Capital and Public Index
Source: PitchBook
Fund Returns Bounce Back from 2009Median 1-Year Rolling Horizon IRR by Fund Type
Source: PitchBookOne Year IRR as of Year Ending March 31st
Private Equity Private Equity Fund ReturnsFund Returns
Outsized Returns for Funds Big and Small
Private Equity Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
Total Value of PE Funds Rose by 31% Last Year
Weighted 1-Year Change in Total PE Portfolio Value
Source: PitchBook
Mature Private Equity Funds Well into the Positive
Average Private Equity Return Multiples by Vintage Year
Source: PitchBook*Through 1H 2010
50% of All PE Funds Have a 7.6% IRR or HigherPrivate Equity IRR Quartiles by Fund Size
Source: PitchBook
$485B of PE Dry Powder on the Sideline
Capital Overhang for Private Equity Funds Raised by US Investors
Source: PitchBook
Venture Venture Capital Fund Capital Fund
ReturnsReturns
Average Venture Capital Fund 5-year Return Around 1%
Venture Capital Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
Total Value of VC Funds Rose by 14% Last Year
Weighted 1-Year Change in Total VC Portfolio Value
Source: PitchBook
Venture Capital Funds Still Waiting for Liquidity Average Venture Capital Return Multiples by Vintage
Year
Source: PitchBook
Over Half of All Venture Capital Funds have Positive IRR
Venture Capital IRR Quartiles by Fund Size
Source: PitchBook
$82B of VC Dry Powder on the Sideline
Capital Overhang for Venture Capital Funds Raised by US Investors
Source: PitchBook
Fund of Funds Fund of Funds ReturnsReturns
Funds from $500M to $1B Lead in 5-Year Horizon
Fund of Funds Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
Mature Fund of Funds Posting Strong Multiples Average Fund of Funds Return Multiples by Vintage Year
Source: PitchBook
GlobalGlobal Fund ReturnsFund Returns
Mature Global PE Funds Average DPI of 1.2x
Average Global Private Equity Return Multiples by Vintage Year
Source: PitchBook
Mature Global VC Funds Average TVPI of 1.25x
Average Global Venture Capital Return Multiples by Vintage Year
Source: PitchBook
Contact PitchBook
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To schedule a demonstration of the PitchBook Platform, please contact us by phone, email or through our website, www.pitchbook.com.
SalesEmail: [email protected] Phone: 877-267-5593
Or for additional slides and analysis
ResearchEmail: [email protected]: 206-623-1986
