MORE HEADLINES
Private Equity: Buyout
The global buyout market began showing signs of life as the pace of new investments improved.
Private Equity: Venture
The venture industry could be on the cusp of downsizing.
Private Equity: Special Sits
Few transactions closed in the private equity secondary market.
Private Debt
2010 will be a return to a more traditional restructuring and workout distressed market.
Private Real Estate
Public and private commercial real estate markets experienced widely divergent returns.
Natural Resources: Energy
Crude oil and natural gas prices strengthened during the fourth quarter.
Natural Resources: Timber
Timberland investments underperformed the broad markets.
2010 AT 30,000 FEET
The near-Herculean task of raising capital in 2009 has been well documented. The pace of new capital commitment to global private equity funds dropped precipitously. Varying sources tally the total at somewhere between $96 billion and $135 billion for the year and slowing from the first half to the second. The amount raised is roughly a 70% decline from 2008 across the globe and the lowest level since 2003 or 2005, depending on the market.1,2 There is debate as to whether the reduced credit is a game changer or a temporary setback. Some amount of industry consolidation appears inevitable.
