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Quantitative Perspectives: US PE: Recovery and Beyond

Q4 2021

Quantitative Perspectives: US PE: Recovery and Beyond

December 6, 2021

Quantitative Perspectives: US PE: Recovery and Beyond
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US PE moves beyond recovery and into the unknown

As the two-year anniversary of COVID-19's emergence looms, the world is adjusting to a new normal. For financial assets and economies, that means a dramatic pace of activity—firmly establishing the markets' move beyond the recovery stage.

Lately, US private equity has experienced its fastest pace of deal and exit activity in at least two decades, according to our latest Quantitative Perspectives report, which features nearly 50 pages of data and charts.

Key takeaways
 
  • Strong activity within tech, financial services, and business products & services has driven the majority of the surge in PE deal value.
 
  • Aggregate exit value has spiked in 2021, driven by the increasing valuations across all exit types—but especially public listings.
 
  • The 10 largest funds accounted for almost one-third of all capital raised in 2021, as larger funds continue to dominate the market.
 
  • Institutional investors' long-term expectations point to a challenging period ahead, as the strong recent returns have likely come at the expense of future returns.