piotrk

Chart of the week: Massachusetts, LACERA lead way in private equity returns

Based on 10-year and five-year annualized returns generated by private equity investments, Massachusetts Pension Reserves Investment Trust maintained the highest private equity performance, followed by the Los Angeles County Employees Retirement Association and the Teacher Retirement System of Texas.

Chart of the week: Payroll costs absorb half of GP fees/revenues

The average payroll as a percentage of revenues (management fees plus other fees) for all firms is 50 percent.

Chart of the week: Is it taking longer to make partner?

Taken from the latest Holt-MM&K-TR PE/VC Compensation Report, the average number of years it takes to make partner/ managing director following an MBA program is eight years for all firms surveyed.

Buyout-backed exits stay the course in Q3

The number of exits by U.S.-based financial sponsors has remained steady from the second to the third quarter, although the disclosed volume of M&A exits jumped significantly.

Chart of the week: Changes in median compensation (salary+bonus+carry), 2007-2013

The latest Holt-MM&K-Thomson Reuters North American PE/VC Compensation Report shows that following the rebound in overall compensation witnessed in 2011, median compensation across both private equity and venture capital firms has moderated somewhat, but bonuses, salary and carry continued to rise for both partners and non-partners alike.

Chart of the week: Consumer products and services deal value and volume, 2003 – 2013

The consumer products and services industry accounted for 1,749 transactions by U.S. sponsors with aggregate reported financial terms of almost $130 billion over the past ten years through Sept. 23.

Chart of the week: Healthcare leads the way for M&A exits by deal volume

From a market share point of view, the healthcare industry was the largest sector for M&A exits by U.S.-based private equity firms with $13.3 billion (39 percent).

Market At A Glance

Buyout and mezzanine funds based in the United States have raised $100.5 billion in capital commitments from institutional investor year-to-date in 2013. Overall fundraising remains behind last year’s pace, when buyout funds managed to collect $120.2 billion in commitments.

Chart of the week: 10 largest PE-backed M&A deals YTD 2013

So far in 2013, M&A exits by U.S.-based private equity sponsors totaled over $34.5 billion, of which the top ten deals accounted for almost $25.5 billion (62 percent).

Chart Of The Week: Top 10 Funds of Funds By IRR From 1998 To 2008

For vintages between 1998 and 2008, the best performing fund of funds in the Buyouts returns database was California Asia Investors LP 1, with an IRR of 25.40.