PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data
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Transcript of PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data
![Page 1: PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data](https://reader033.fdocuments.us/reader033/viewer/2022051323/54b4fe3e4a7959cc7c8b462c/html5/thumbnails/1.jpg)
: : Fall Fall 20102010
PitchBook Benchmarking Report DeckFall 2010
Request a demonstration or training:Email: [email protected] Phone: 877-267-5593
For additional analysis or slides:Email: [email protected]: 206-623-1986
![Page 2: PitchBook PE VC Benchmark Fall 2010 Presentation Deck, published by PitchBook Data](https://reader033.fdocuments.us/reader033/viewer/2022051323/54b4fe3e4a7959cc7c8b462c/html5/thumbnails/2.jpg)
About the PitchBook Platform PitchBook is an independent and impartial research firm dedicated to providing premium data, news and analysis to the private equity industry. As a specialty-focused information resource, PitchBook's core strength is its ability to meticulously collect, organize and analyze hard to find private equity and venture capital deal and fund data.
PitchBook’s mission is to provide its clients with the highest quality private equity information, with an acute focus on deals and companies. PitchBook aims not only to offer market-leading proprietary data, but to also provide the tools that help industry professionals effectively find, share and use information to make better decisions.
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Private Equity Private Equity FundraisingFundraising
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PE Fundraising Count on Pace with 2004
Number of Funds Closed and Total Capital Raised by Year
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PE Fundraising Levels OffUS Private Equity Fundraising by Quarter
# of Funds Raised in 3Q10
Up 33% from 3Q09
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2001 Vintage Funds Post Highest Average Return
Average PE Fund IRR and Capital Raised by Vintage Year
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New Funds Targeting the Middle Market
Percentage of US PE Funds (Count) by Size
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Mega Funds Disappear in 2010Percentage of Capital Raised by Size – US Funds
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Fund Returns Fund Returns OverviewOverview
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J-Curve
PE Leads in Average IRR Since 2000Average Fund IRR by Vintage Year
Vintage Year
Source: PitchBook
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Private Equity Outperforming in the Long Run
Horizon IRR – Private Equity, Venture Capital and Public Index
Source: PitchBook
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Fund Returns Bounce Back from 2009Median 1-Year Rolling Horizon IRR by Fund Type
Source: PitchBookOne Year IRR as of Year Ending March 31st
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Private Equity Private Equity Fund ReturnsFund Returns
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Outsized Returns for Funds Big and Small
Private Equity Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
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Total Value of PE Funds Rose by 31% Last Year
Weighted 1-Year Change in Total PE Portfolio Value
Source: PitchBook
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Mature Private Equity Funds Well into the Positive
Average Private Equity Return Multiples by Vintage Year
Source: PitchBook*Through 1H 2010
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50% of All PE Funds Have a 7.6% IRR or HigherPrivate Equity IRR Quartiles by Fund Size
Source: PitchBook
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$485B of PE Dry Powder on the Sideline
Capital Overhang for Private Equity Funds Raised by US Investors
Source: PitchBook
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Venture Venture Capital Fund Capital Fund
ReturnsReturns
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Average Venture Capital Fund 5-year Return Around 1%
Venture Capital Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
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Total Value of VC Funds Rose by 14% Last Year
Weighted 1-Year Change in Total VC Portfolio Value
Source: PitchBook
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Venture Capital Funds Still Waiting for Liquidity Average Venture Capital Return Multiples by Vintage
Year
Source: PitchBook
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Over Half of All Venture Capital Funds have Positive IRR
Venture Capital IRR Quartiles by Fund Size
Source: PitchBook
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$82B of VC Dry Powder on the Sideline
Capital Overhang for Venture Capital Funds Raised by US Investors
Source: PitchBook
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Fund of Funds Fund of Funds ReturnsReturns
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Funds from $500M to $1B Lead in 5-Year Horizon
Fund of Funds Horizon IRR by Fund Size
Source: PitchBookAs of 3/31/2010
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Mature Fund of Funds Posting Strong Multiples Average Fund of Funds Return Multiples by Vintage Year
Source: PitchBook
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GlobalGlobal Fund ReturnsFund Returns
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Mature Global PE Funds Average DPI of 1.2x
Average Global Private Equity Return Multiples by Vintage Year
Source: PitchBook
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Mature Global VC Funds Average TVPI of 1.25x
Average Global Venture Capital Return Multiples by Vintage Year
Source: PitchBook
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Contact PitchBook
We welcome and encourage you to request a FREE TRIAL of the PitchBook Platform.
To schedule a demonstration of the PitchBook Platform, please contact us by phone, email or through our website, www.pitchbook.com.
SalesEmail: [email protected] Phone: 877-267-5593
Or for additional slides and analysis
ResearchEmail: [email protected]: 206-623-1986