Flush With Cash, Private Equity Investors Look For Next Big Fund Opportunity
ByAn exceptional year for exits in 2014 left limited partners (LPs) flush with cash distributions and eager to top up their allocations to private equity (PE), their best-performing asset class. But as we explain in Bain & Company’s Global Private Equity Report, LPs remained highly selective in the commitments they were prepared to make.
Worldwide, 1,001 PE funds landed $499 billion in new capital commitments last year. This value was 6% less than the year before, but funds raised over the past two years exceeded that in all but the boom years between 2006 and 2008 (see figure)…
Flush With Cash, Private Equity Investors Look For Next Big Fund Opportunity