Private Equity abranda em 2008 mas performance da indústria permanece robusta

 

Private equity activity slowed during 2008 in response to widespread uncertainty across financial markets, according to preliminary data for 2008 released today at EVCA’s Investors’ Forum 2009 in Geneva.

[Press Release – EVCA 12/03/09]

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The long term performance of the European private equity industry remained robust through 2008, despite a difficult exit environment and downward pressure on valuations, according to data compiled by Thomson Reuters in association with EVCA.

 

[Press Release -EVCA12/03/09]

The Performance Benchmarks, which were released at EVCA’s Investors’ Forum in Geneva, are based on private equity fund performance over the past 29 years and the sample includes up to 1,310 funds.

Net internal rate of return (IRR) since inception to December 2008 remained strongly in positive territory, at +10.3% for all private equity, with buyout funds returning +14.2% and venture funds returning +3.1% (Table 1). This compared with performance to the end of 2007 of +12.1%, +16.6% and +4.2% respectively.

 

The statistics, which cover fundraising, investment and divestment activity, showed that private equity funds raised €65.3bn last year, a fall of 20% on the €81.4bn raised in 2007.

In 2008, 128 funds reached a final close, down from 144 in 2007. Average fund sizes also fell, from €496.9m in 2007 to €425.7m.


Licenciado e Mestre em Gestão de Empresas. Presidente da Gesbanha, S.A., especialista em capital de risco e empreendedorismo, investidor particular ("business angels") e Presidente da FNABA (Federação Nacional de Associações de Business Angels). Director da EBAN e da WBAA

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