APRIL 10, 2017 LOS ANGELES BUSINESS JOURNAL 15
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THE LIST Ranked by private equity assets under managementPRIVATE EQUITY FIRMS NEXT WEEK
The Largest Residential Developersin L.A. County
($ in millions)Rank Company• name
• address
• website
Assets Project Profile• minimum size
• preferred size
• investments1
Preferred Industries Strategies/Targets Top Executive• name
• title
• phone
1Ares Management2000 Avenue of the Stars, 12th FloorLos Angeles 90067; aresmgmt.com
$25,000 $10$100 - $500
N/A
all industries middle market growth, powerand energy assets, U.S. andEuropean real estate
David Kaplan/Bennett RosenthalCo-Heads of Private Equity Group(310) 201-4100
2Oaktree Capital Management333 S. Grand Ave., 28th FloorLos Angeles 90071; oaktreecapital.com
15,628 50100 - 300
N/A
consumer and branded products,food and beverage, financialservices, media
controlling stakes in distressedcompanies, buyouts
Howard MarksChairman(213) 830-6300
3Leonard Green & Partners11111 Santa Monica Blvd., Suite 2000Los Angeles 90025; leonardgreen.com
14,0572 N/AN/A75
retail, consumer products,distribution, business services,health care
leveraged buyouts ofestablished, cash-flow positivecompanies
John Danhakl/Jonathan SokoloffManaging Partners(310) 954-0444
4Platinum Equity360 N. Crescent DriveBeverly Hills 90210; platinumequity.com
12,3862 050 - 100
185
no preferred industries acquisitions for control Tom GoresCEO(310) 712-1850
5Kayne Anderson Capital Advisors1800 Avenue of the Stars, Third FloorLos Angeles 90067; kaynecapital.com
11,956 110
420
energy, real estate, private credit,growth, other
pre-IPO, early- to mid-stage,existing
Mike LevittCEO(800) 638-1496
6American Realty Advisors801 N. Brand Blvd., Suite 800Glendale 91203; americanreal.com
8,011 3030 - 400
N/A
retail, industrial, office,multifamily
operating Stanley IezmanChairman, CEO(818) 545-1152
7PCCP10100 Santa Monica Blvd., Suite 1000Los Angeles 90067; pccpllc.com
6,400 1025
N/A
real estate middle market William R. LindsayPartner(310) 414-7870
8Tennenbaum Capital Partners2951 28th St., Suite 1000, Santa Monica90405; tennenbaumcapital.com
5,6952 1010 - 100
380
none mid-market special situationsand direct lending
Firm PartnershipN/A(310) 566-1000
9Levine Leichtman Capital Partners335 N. Maple Drive., Suite 130Beverly Hills 90210; llcp.com
3,731 1040 - 125
104
consumer products,manufacturing, services
growth equity Lauren B. LeichtmanFounding Principal, CEO(310) 275-5335
10Clearlake Capital233 Wilshire Blvd., Suite 800Santa Monica 90401; clearlakecapital.com
3,5132 N/AN/AN/A
business services, consumerproducts/retail, communication,technology, energy
buyouts, corporate divestitures,recapitalizations,reorganizations
Jose E. FelicianoFounding Partner(310) 400-8800
11Odyssey Investment Partners21650 Oxnard St., Suite 1650, WoodlandHills 91367; odysseyinvestment.com
3,500 5050 - 150
170
aerospace, energy services,equipment rental, business/insurance services
leveraged buyouts Bill HopkinsManaging Principal, Co-President(818) 737-1111
12Marlin Equity Partners338 Pier Ave.Hermosa Beach 90254; marlinequity.com
3,351 1010 - 500
115
software, technology, health careIT, business services, industrialtechnology
management buyouts,corporate divestitures, growthequity, turnarounds
David M. McGovernManaging Partner(310) 364-0100
1 Number of companies invested in since inception.2 Information from SEC filings.
N/A - Not Available WND - Would Not DiscloseNote: Information was provided by representatives of the firms and public filings.
Researched by David Nusbaum
THE PACESETTER: The largest private equity firm headquartered in Los Angeles County is Ares Management. The Century City firm had $25 billion in private equity asset strategies under management as of Dec. 31. The group manages funds focused primarily on North America and Europe as well as one China growth fund.
FUND: Platinum Equity closed Platinum Equity Capital Partners IV, a $6.5 billion fund, last month. More than 200 limited partners from 28 countries invested in the fund.
HERMOSA BEACH: Marlin Equity Partners closed Marlin Equity V last month with $2.5 billion of capital commitments and Marlin Heritage II with $750 million committed. The funds exceeded their targets in less than five months.
1
12
4
Continued on page 16
15-18_list_private_equity.indd 15 4/6/2017 5:12:48 PM
16 LOS ANGELES BUSINESS JOURNAL THE LIST APRIL 10, 2017
($ in millions)Rank Company• name
• address
• website
Assets Project Profile• minimum size
• preferred size
• investments1
Preferred Industries Strategies/Targets Top Executive• name
• title
• phone
13Aurora Capital Partners10877 Wilshire Blvd., Suite 2100Los Angeles 90024; auroracap.com
$3,000 $75$100
100
industrial products and services,software and technology enabledservices
acquisitions, growth equity John Mapes, Managing PartnerGerry Parsky, Partner(310) 551-0101
14Yucaipa Cos.9130 W. Sunset Blvd.Los Angeles 90069; yucaipaco.com
2,7622 N/AN/AN/A
grocery leveraged buyouts Ron BurkleManaging Partner(310) 789-7200
15Gores Group9800 Wilshire Blvd.Beverly Hills 90212; gores.com
2,6302 2550 - 250
112
technology, media, telecom,industrial, health care, businessservices
mature buyouts, corporatecarve-outs
Alec GoresChairman, CEO(310) 209-3010
16Freeman Spogli & Co.11100 Santa Monica Blvd., Suite 1900Los Angeles 90025; freemanspogli.com
2,400 50100
56
consumer, distribution buyouts Bradford Freeman/Ronald SpogliFounding Partners(310) 444-1822
17Shamrock Capital Advisors1100 Glendon Ave., Suite 1600Los Angeles 90024; shamrockcap.com
1,875 2040 - 60
29
media, entertainment andcommunications
growth equity, leveragedbuyouts
Stephen D. RoyerPartner(310) 964-6600
18Lovell Minnick Partners2141 Rosecrans Ave., Suite 5150El Segundo 90245; lovellminnick.com
1,793 155041
financial services, businessservices
first, second, third, bridge,acquisition or buyout
Jeffrey Lovell/James MinnickCo-Chairmen(310) 414-6160
19Seidler Equity Partners4640 Admiralty Way, Suite 1200Marina del Rey 90292; sepfunds.com
1,5262 1025
N/A
general industries growth, mature Peter Seidler/Robert SeidlerEric Kutsenda, Founding Partners(213) 683-4622
20Brentwood Associates11150 Santa Monica Blvd., Suite 1200Los Angeles 90025; brentwood.com
1,300 2575 - 100
51
consumer products and services,retail, direct marketing,education, restaurants
growth Bill BarnumPartner(310) 477-6611
21Ocean Avenue Capital Partners401 Wilshire Blvd., Suite 230, Santa Monica90401; oceanavenuecapital.com
900 33 - 15
65
general industries special situations, privatecompany recapitalizations
Jeff Ennis/Duran Curis/Jacques Youssefmir, Partners(424) 238-0730
22Caltius Capital Management11766 Wilshire Blvd., Suite 850Los Angeles 90025; caltius.com
843 55 - 30
86
business services, specialtychemicals, healthcare servicesand consumer services
management-led buyouts, later-stage growth financings,leveraged recaps
James UpchurchCEO, President(310) 996-9566
23K1 Investment Management2101 Rosecrans Ave., Suite 6250El Segundo 90245; k1capital.com
8062 N/AN/AN/A
software growth Hasan AskariManaging Partner(800) 310-2870
1 Number of companies invested in since inception.2 Information from SEC filings.N/A - Not Available WND - Would Not Disclose Note: Information was provided byrepresentatives of the firms and public filings. To the best of our knowledge, this informationis accurate as of press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes occur. Please sendcorrections or additions on company letterhead to the Research Department, Los AngelesBusiness Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2017 Los AngelesBusiness Journal. This list may not be reprinted in whole or in part without prior writtenpermission from the editor. Reprints are available from Wright’s Media (877) 652-5295.
Researched by David Nusbaum
Continued from page 15PRIVATE EQUITY FIRMS
INVESTMENTS: Lovell Minnick Partners closed three investments totaling $124 million this year, including an investment in L.A.-based equipment-financing lender Currency Capital. It expects to close two more deals totaling $72 million by the end of the second quarter.
18
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’12 ’13 ’14 ’15 ’16
$800
725
650
575
500
425
14 16’15 ’1’1 ’1
Market Rebound
’12
0
5
13 ’1’1 ’10 ’11 ’12 ’13 ’14
4,600
4,500
4,400
4,300
4,200
4,100
4,000’12
4,578
4,456
4,289
4,146
4,068
14’13 ’1’1 ’1
Shaking Out
’10
0
0
0
0
0
0
0’11 ’1’1
2010 2011 2012 2013 2014
’12 ’13 ’14 ’15 ’16
$240
200
160
120
80
0
14 16’15 ’1’1 ’1’12
0
0
0
’13 ’1’1’1
’12 ’13 ’14 ’15 ’16
48%
44
40
36
32
28
14 16’15 ’1’1 ’1’12
0
6
2
8
13 ’1’1
Private Equity Charts/pePRF
Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)$223 219 303 416 321 2012 2013 2014 2015 2016
Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.2012 402013 372014 392015 422016 43
Source: American Investment Council
Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)$111 193 196 203 187 2012 2013 2014 2015 2016
Asset InvestorsTotal private equity capital invested by U.S. private equity firms dropped last year. (in billions)$477 512 651 739 6532012 2013 2014 2015 2016
Asset Investors
Fund Raisers
Leveraged Buyouts
’12 ’13 ’14 ’15 ’16
$425
350
275
200
125
0
14 16’15 ’1’1 ’1’12
0
5
0
13 ’1’1
Total Exits
Asset InvestorsTotal private equity capital invest-ed by U.S. private equity firms dropped last year. (in billions)
Source: American Investment Council
15-18_list_private_equity.indd 16 4/6/2017 5:12:55 PM
APRIL 10, 2017 THE LIST LOS ANGELES BUSINESS JOURNAL 17
© 2017 BDO USA, LLP. All rights reserved.
Accountants and Consultants www.bdo.com/privateequity
The Private Equity Practice at BDOStrategically focused. Remarkably responsive. A century of experience. BDO’s Private Equity Practice provides integrated, value-added assurance, tax, advisory and consulting services across the fund cycle, and across the world – all through a single point of contact.
“I know exactly who you should call.”
People who know Private Equity, know BDO.
Nathan Dick, Assurance Partner, 310-557-8275 / [email protected] Hoang, Director, 310-557-8233 / [email protected], 1888 Century Park East, 4thFloor, Los Angeles, CA 90067 / 310-557-0300
($ in millions)Rank Company• name
• address
• website
Assets Project Profile• minimum size
• preferred size
• investments1
Preferred Industries Strategies/Targets Top Executive• name
• title
• phone
24US Renewables Group2425 Olympic Blvd., Suite 4050WSanta Monica 90401; usregroup.com
$750 $10$25 - $75
19
renewable energy strategy varies Lee BaileyManaging Partner(310) 586-3900
25Bison Capital Asset Management233 Wilshire Blvd., Suite 425Santa Monica 90401; bisoncapital.com
747 1010 - 40
26
health care, sofware, financialservices, business services
growth and acquisitionfinancing, balance sheetrestructuring
Douglas B. TrusslerManaging Partner(310) 260-6570
26Varsity Healthcare Partners1875 Century Park East, Suite 1980Los Angeles 90067;varsityhealthcarepartners.com
665 N/AN/AN/A
health care growth David AlpernPartner(310) 564-2690
27RLH Equity Partners10900 Wilshire Blvd., Suite 850Los Angeles 90024; rlhequity.com
600 1515 - 50
45
business services, health care,government services
revenue greater than $25million, profitable, rapidlygrowing
J. Christopher LewisManaging Director(310) 405-7200
28Skyview Capital2000 Avenue of the Stars, 810NLos Angeles 90067; skyviewcapital.com
600 22022
software, technology, nichemanufacturing and aerospace
corporate divesitures, buyouts,underperforming
Alex SoltaniChairman, CEO(310) 273-6000
29Solace Capital Partners11111 Santa Monica Blvd., Suite 1275Los Angeles 90025; solacecap.com
576 1020 - 75
N/A
industrial, consumer, energy,TMT, business services, logistics
recapitalizations/restructurings,special situations, buyouts
Christopher Brothers/Brett Wyard/Vince CebulaManaging Partners(310) 919-5401
30Twin Haven Capital Partners11111 Santa Monica Blvd., Suite 525Los Angeles 90025; twinhavencap.com
4822 N/AN/A183
general industries buyouts, special situations Robert Webster/Paul MellingerSr. Managing Directors(310) 689-5100
31Avante Mezzanine Partners11150 Santa Monica Blvd., Suite 1470Los Angeles 90025; avantemezzanine.com
468 55 - 25
21
business services, health care,education, software, industrial/manufacturing
buyouts/recaps and expansion Jeri Harman/Steve AdamsonFounding Partners(310) 667-9242
32Angeles Equity Partners11661 San Vicente Blvd., Suite 808Los Angeles 90049; angelesequity.com
360 N/A502
industrials control equity investments Jordan Katz/Tim MeyerManaging Partners(310) 844-9200
33St. Cloud Capital10866 Wilshire Blvd., Suite 1450Los Angeles 90024; stcloudcapital.com
350 55 - 15
57
middle market companies later stage Benjamin Hom/Kacy Rozelle/Bob Lautz/Marshall GellerManaging Partners(310) 475-2700
34Balmoral Funds11150 Santa Monica Blvd., Suite 825Los Angeles 90025; balmoralfunds.com
3092 N/AN/AN/A
lower middle-market buyouts Jonathan VictorSr. Managing Director(310) 473-3065
1 Number of companies invested in since inception.2 Information from SEC filings.
N/A - Not Available WND - Would Not DiscloseNote: Information was provided by representatives of the firms and public filings.
Researched by David Nusbaum
PRIVATE EQUITY FIRMS
Continued on page 18
CLOSED: Angeles Equity Partners closed its inaugural $360 million fund in January. The firm’s initial target was $300 million.
FUND: Solace Capital Partners closed its inaugural fund, Solace Capital Special Situations Fund, at $576 million in December. That exceeded its $500 million target.
29
32
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’12 ’13 ’14 ’15 ’16
$800
725
650
575
500
425
14 16’15 ’1’1 ’1
Market Rebound
’12
0
5
13 ’1’1 ’10 ’11 ’12 ’13 ’14
4,600
4,500
4,400
4,300
4,200
4,100
4,000’12
4,578
4,456
4,289
4,146
4,068
14’13 ’1’1 ’1
Shaking Out
’10
0
0
0
0
0
0
0’11 ’1’1
2010 2011 2012 2013 2014
’12 ’13 ’14 ’15 ’16
$240
200
160
120
80
0
14 16’15 ’1’1 ’1’12
0
0
0
’13 ’1’1’1
’12 ’13 ’14 ’15 ’16
48%
44
40
36
32
28
14 16’15 ’1’1 ’1’12
0
6
2
8
13 ’1’1
Private Equity Charts/pePRF
Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)$223 219 303 416 321 2012 2013 2014 2015 2016
Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.2012 402013 372014 392015 422016 43
Source: American Investment Council
Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)$111 193 196 203 187 2012 2013 2014 2015 2016
Asset InvestorsTotal private equity capital invested by U.S. private equity firms dropped last year. (in billions)$477 512 651 739 6532012 2013 2014 2015 2016
Asset Investors
Fund Raisers
Leveraged Buyouts
’12 ’13 ’14 ’15 ’16
$425
350
275
200
125
0
14 16’15 ’1’1 ’1’12
0
5
0
13 ’1’1
Total Exits
Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)
Source: American Investment Council
15-18_list_private_equity.indd 17 4/6/2017 5:12:57 PM
18 LOS ANGELES BUSINESS JOURNAL THE LIST APRIL 10, 2017
PRIVATE EQUITY FIRMS
REGISTER TO ATTEND
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Forum and Awards:
Thursday, May 11, 20177:00am – 10:30am Omni Los Angeles Hotel251 S Olive StreetLos Angeles, CA 90012Tickets: $100 / Corporate Table of 10: $900
PLATINUM SPONSORS:
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GOLD SPONSOR:
($ in millions)Rank Company• name
• address
• website
Assets Project Profile• minimum size
• preferred size
• investments1
Preferred Industries Strategies/Targets Top Executive• name
• title
• phone
35Century Park Capital Partners2101 Rosecrans Ave., Suite 4275El Segundo 90245; centuryparkcapital.com
$300 $10$10 - $40
56
specialty chemicals, medicalproducts and services, consumergoods, engineered products
recapitalizations and buyouts Martin Sarafa/Charles Roellig/Guy ZaczepinskiManaging Partners(310) 867-2210
36OpenGate Capital10250 Constellation Blvd., 17th FloorLos Angeles 90067; opengatecapital.com
2892 50100 - 1,000
30
all divestitures of globalcorporations
Andrew NikouCEO, Managing Partner(310) 432-7000
37Vance Street Capital11150 Santa Monica Blvd.Los Angeles 90025; vancestreetcapital.com
2752 2020 - 30
9
aerospace/defense, industrialmanufacturing
leveraged buyouts Richard Crowell/Richard RoederManaging Partners(310) 231-7100
38Energy Power Partners2716 Ocean Park Blvd., Suite 3080Santa Monica 90405;energypowerpartners.com
255 1050 - 100
4
clean energy, clean power operating assets, late stagedevelopment assets
Henry Park/Jerry PetersFounding Managing Partners(510) 556-2370
39Vicente Capital Partners11726 San Vicente Blvd., Suite 300Los Angeles 90049; vicentecapital.com
2232 1010 - 30
9
business services, consumerservices, specialty manufacturing
growth/expansion Jay FergusonManaging Partner(310) 826-2255
40Saybrook Capital11400 W. Olympic Blvd., Suite 1400Los Angeles 90064; saybrookfunds.com
2172 58 - 15
N/A
business services, consumer,health care, manufacturing
leveraged buyouts Jonathan RosenthalCo-Portfolio Manager(310) 899-9200
41Transom Capital Group10990 Wilshire Blvd., Suite 440Los Angeles 90024; transomcap.com
150 101514
consumer products, retail,industrial, business services,media
buyout Russ Roenick/Ken FirtelManaging Partners(310) 407-0940
42Vintage Fund Management11611 San Vicente Blvd., Suite 1000Los Angeles 90049; vintage-vfm.com
150 51010
manufacturing, business services later-stage growth andexpansion, control, minoritydebt and equity investments
Mark A. SampsonManaging Partner(310) 979-9090
43Wedbush Capital Partners1000 Wilshire Blvd., Suite 830Los Angeles 90017; wedbushcapital.com
120 25
21
business and financial services,consumer products and services,niche manufacturing
management buyout Geoff Bland/Peter ShoemakerManaging Directors(213) 688-8018
44Corridor Capital12400 Wilshire Blvd., Suite 645Los Angeles 90025; corridorcapital.com
55 31017
manufacturing, business services profitable businesses seekingcapital and transformationalpartnership
Craig EnensteinCEO(310) 442-7000
45Crescendo Capital Partners10833 Wilshire Blvd., Suite 331Los Angeles 90024; crescendocap.com
0 55-10
5
health care, light manufacturing,distribution, consumer,franchises
companies with historicalEBITDA of $2 million
CL TurnerManaging Partner(310) 470-0106
1 Number of companies invested in since inception.2 Information from SEC filings.
N/A - Not Available WND - Would Not DiscloseNote: Information was provided by representatives of the firms and public filings.
Researched by David Nusbaum
Continued from page 17
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’12 ’13 ’14 ’15 ’16
$800
725
650
575
500
425
14 16’15 ’1’1 ’1
Market Rebound
’12
0
5
13 ’1’1 ’10 ’11 ’12 ’13 ’14
4,600
4,500
4,400
4,300
4,200
4,100
4,000’12
4,578
4,456
4,289
4,146
4,068
14’13 ’1’1 ’1
Shaking Out
’10
0
0
0
0
0
0
0’11 ’1’1
2010 2011 2012 2013 2014
’12 ’13 ’14 ’15 ’16
$240
200
160
120
80
0
14 16’15 ’1’1 ’1’12
0
0
0
’13 ’1’1’1
’12 ’13 ’14 ’15 ’16
48%
44
40
36
32
28
14 16’15 ’1’1 ’1’12
0
6
2
8
13 ’1’1
Private Equity Charts/pePRF
Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)$223 219 303 416 321 2012 2013 2014 2015 2016
Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.2012 402013 372014 392015 422016 43
Source: American Investment Council
Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)$111 193 196 203 187 2012 2013 2014 2015 2016
Asset InvestorsTotal private equity capital invested by U.S. private equity firms dropped last year. (in billions)$477 512 651 739 6532012 2013 2014 2015 2016
Asset Investors
Fund Raisers
Leveraged Buyouts
’12 ’13 ’14 ’15 ’16
$425
350
275
200
125
0
14 16’15 ’1’1 ’1’12
0
5
0
13 ’1’1
Total Exits
Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’12 ’13 ’14 ’15 ’16
$800
725
650
575
500
425
14 16’15 ’1’1 ’1
Market Rebound
’12
0
5
13 ’1’1 ’10 ’11 ’12 ’13 ’14
4,600
4,500
4,400
4,300
4,200
4,100
4,000’12
4,578
4,456
4,289
4,146
4,068
14’13 ’1’1 ’1
Shaking Out
’10
0
0
0
0
0
0
0’11 ’1’1
2010 2011 2012 2013 2014
’12 ’13 ’14 ’15 ’16
$240
200
160
120
80
0
14 16’15 ’1’1 ’1’12
0
0
0
’13 ’1’1’1
’12 ’13 ’14 ’15 ’16
48%
44
40
36
32
28
14 16’15 ’1’1 ’1’12
0
6
2
8
13 ’1’1
Private Equity Charts/pePRF
Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)$223 219 303 416 321 2012 2013 2014 2015 2016
Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.2012 402013 372014 392015 422016 43
Source: American Investment Council
Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)$111 193 196 203 187 2012 2013 2014 2015 2016
Asset InvestorsTotal private equity capital invested by U.S. private equity firms dropped last year. (in billions)$477 512 651 739 6532012 2013 2014 2015 2016
Asset Investors
Fund Raisers
Leveraged Buyouts
’12 ’13 ’14 ’15 ’16
$425
350
275
200
125
0
14 16’15 ’1’1 ’1’12
0
5
0
13 ’1’1
Total Exits
Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)
Source: American Investment Council
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