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Private Equity Trends 1Q 2012 Presentation Slide Deck

Private Equity Trends 1Q 2012 Presentation Slide Deck. Try the PitchBook Platform: Email:  demo@pitchbook.com Phone: 1-877-267-5593. Consult the Research Team: Email: research@pitchbook.com Phone: 1-877-636-3496. The PitchBook Platform. REQUEST A DEMO: demo@pitchbook.com 1-877-267-5593.

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Private Equity Trends 1Q 2012 Presentation Slide Deck

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  1. Private Equity Trends 1Q 2012 Presentation Slide Deck Try the PitchBook Platform: Email: demo@pitchbook.com Phone: 1-877-267-5593 Consult the Research Team: Email: research@pitchbook.com Phone: 1-877-636-3496

  2. The PitchBook Platform REQUEST A DEMO:demo@pitchbook.com 1-877-267-5593

  3. Private Equity • Deal Flow

  4. 2011 PE Investment Above 2009 Lows Number of Deals Closed (red line) and Total Capital Invested by Year (blue bars)

  5. 2011: The Year of Two Halves Number of Deals Closed and Total Capital Invested by Quarter

  6. Midwest Led PE Deal Flow with 360 Deals Percentage of Deal Volume (count) by Region

  7. B2B and B2C Dominate PE Deal ActivityPercentage of Deal Volume (count) by Industry

  8. B2B and B2C Deal Flow Increased in 2011Percentage of Deal Volume (count) by Industry

  9. Capital Investment Continued Shift to IT, Healthcare & Energy Percentage of Deal Volume (capital) by Industry

  10. Deals Under $250M Accounted for 75% of Deal FlowPercentage of Deal Volume (count) by Deal Size Range

  11. Large Deals Attracted More Capital InvestmentPercentage of Deal Volume (capital) by Deal Size Range

  12. Add-ons Continue to Sweeten DealsAdd-on Deals as Percentage of Buyout Deals

  13. Median Buyout Size Hit New Record Median Capital Invested in U.S. PE Transactions

  14. Still Low Leverage in the Middle MarketPercentage of Debt Used in Buyouts

  15. Buyout Multiples Finished Close to 2008 High EBITDA Multiples of Buyout Transactions

  16. Private Equity • Exits

  17. Private Equity Exits on Par with 2010Annual PE Exits by Corporate Acquisition, IPO and Secondary Sale

  18. Exit Strategies Consistent with Long Term AveragesPercentage of P.E. Exit Volume (count) by Exit Type

  19. Private Equity Investors Exited $108B of Investments Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale

  20. Corporate Acquisitions Dominated Exits Median Exit Size ($M)

  21. PE Exits Likely to Stay Strong in 2012Number of U.S. Private Equity Company Inventory by Deal Year

  22. Inventory Buildup Resulted in Increased Holding LengthMedian Time from Buyout to Exit

  23. Private Equity • Fundraising

  24. Company Inventory & Capital Overhang Stall FundraisingNumber of Funds Closed and Total Capital Raised by Year

  25. Fundraising Remained Flat Number of Funds Closed and Total Capital Raised by Quarter

  26. Funds Under $1B Accounted for 39% of U.S. PE FundraisingPercentage of U.S. P.E. Funds (capital) by Fund Size

  27. Middle Market Funds Dominate FundraisingPercentage of U.S. P.E. Funds (count) by Fund Size

  28. PE Investors Sitting on $425B of Dry Powder Capital Overhang of US PE Investors by Vintage Year

  29. New GPs are Entering the Private Equity IndustryNumber of Funds Closed by Year

  30. Funds are Closing Faster Average Time to Close U.S. PE Funds

  31. Average 2011 Vintage Fund 13% Larger than 2010 Average Fund Size ($M)

  32. Greater Private Equity • Performance

  33. PE Led in Average IRR For 7 Consecutive VintagesAverage Fund IRR by Vintage Year and Fund Type

  34. Fund Performances Bounced Back Median 1-Year Rolling Horizon IRR by Fund Type

  35. Private Equity Outperforming in the Long RunHorizon IRR – Private Equity, Venture Capital and Public Index

  36. Private Equity • Performance

  37. Larger Funds Lead Returns Across VintagesPrivate Equity Average Fund IRR by Vintage Year

  38. Larger Funds Recently Yielded Higher Returns Private Equity Horizon IRR by Fund Size

  39. Recent PE Funds Hit Positive IRR in 2010Median IRR by Years Since First Investment

  40. LPs Waiting for Distribution for 2003 & Younger FundsAverage Private Equity Return Multiples by Vintage Year

  41. Dramatic Quartile DifferencesPrivate Equity IRR Quartiles by Vintage Year Top Quartile 3rd Quartile 2nd Quartile BottomQuartile Source:PitchBook

  42. Matured Funds Called 92% of Committed CapitalPrivate Equity Capital Call

  43. Venture Capital • Performance

  44. Mid-Sized VC Funds Showed Growth Trend Venture Capital Average Fund IRR by Vintage Year

  45. $150M-$250M Funds Generated 2nd Highest ReturnsVenture Capital Horizon IRR by Fund Size

  46. Economy Impacted Returns More than Fund AgeMedian IRR by Years Since First Investment

  47. TVPI Shows Improvement, DPI Remains LowAverage Venture Capital Return Multiples by Vintage Year

  48. VC Funds in Upper Quartiles Show Positive ReturnsVenture Capital IRR Quartiles by Vintage Top Quartile 3rd Quartile 2nd Quartile Bottom Quartile

  49. High % of Committed Capital for New InvestmentsVenture Capital Call

  50. Fund of Funds • Performance

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