PitchBook’s 2011 2QPE Presentation Deck

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: Spring : Spring 20112011

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.

Three Aspects of Private EquityFundraising, Investment & Exits Trends

Capital Invested in 2010 2.5x more than 2009

Number of Deals Closed (red line) and Total Capital Invested by Year (blue bars)

Capital Invested in 1Q2011 55% more than 1Q2010

Number of Deals Closed and Total Capital Invested by Quarter

Midwest Takes Top Spot for PE Investment Percentage of Deal Volume (count) by Region

B2C’s Share of Deal Flow Grows in 1Q 2011Percentage of Deal Volume (count) by Sector

B2C Increases to 24% of Deals from 2010 Low

Percentage of Deal Volume (count) by Industry

Energy and Financial Services Increase to 25% of Capital Invested in 2010 from 8% in 2002

Percentage of Deal Volume (capital) by Industry

Lower Middle Market Highest % in 7 Years

Percentage of Deal Volume (count) by Deal Size Range

Deals Above $1B Increased to 60% of Capital Invested

Percentage of Deal Volume (capital) by Deal Size Range

The Portion of Deal Flow Represented by Companies Receiving their First Outside

Funding

Add-ons % Climbs for the 6th Straight Year

Add-on Deals as Percentage of Buyout Deals

Average Buyout Size in 1Q2011 2.6x higher than 2009

Average Capital Invested in U.S. Buyout Transactions

Deals Below $1B Requiring Less Debt

Percentage of Debt Used in Buyouts

Links for PitchBook Deal Flow ChartsPitchBook users can click the links below to load the corresponding chart directly into 

the PitchBook Platform for further customization

Slide 5 – PE deal flow by yearLink to customize chart in PitchBook

Slide 6 – PE deal flow by quarterLink to customize chart in PitchBook

Slide 7 – PE deal flow (count) by regionLink to customize chart in PitchBook

Slide 8 – PE deal flow (count) by industryLink to customize chart in PitchBook

Slide 9 – PE deal flow (count) by industry by yearLink to customize chart in PitchBook

Slide 10 – PE deal flow (capital) by industry by yearLink to customize chart in PitchBook

Slide 11 – PE deal flow (count) by size bucketLink to customize chart in PitchBook

Slide 12 – PE deal flow (capital) by size bucketLink to customize chart in PitchBook

How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook

1Q 2011 Exits on Par with 1Q 2010Quarterly PE Exits by Corporate Acquisition, IPO and

Secondary Sale

Median Secondary Transaction Value Continues to Rise

Median Exit Size ($M)

B2B and B2C Exits Account for 50% of U.S. PE Exits

Percentage of Exit Volume (count) by Sector

Links for PitchBook Exit Flow ChartsPitchBook users can use the links below to load the corresponding chart directly into 

the PitchBook Platform for further customization

Slide 18 – PE Exits (count) Link to customize chart in PitchBook

Slide 18 – PE Median Exit SizeLink to customize chart in PitchBook

Slide 19 – PE Exits (count) by IndustryLink to customize chart in PitchBook

How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook

PE Fundraising Slows in 2010Number of Funds Closed and Total Capital Raised by

Year

Fundraising Slowly Rising in 1Q 2011Number of Funds Closed and Total Capital Raised by

Quarter

Middle Market Funds Raise Majority of Capital

Percentage of US PE Funds (Count) by Size

Lower Middle Market Funds Increases to 20% of Capital Raised

Percentage of Capital Raised by Size – US Funds

Mezzanine and Debt Funds Over 35% of PE Capital Raised in 2010

Percentage of Funds Closed (capital) by Fund Type – US Funds

PE Investors Sitting on $490B of Dry Powder Capital Overhang of US PE Investors by

Vintage Year

27

Funds Currently in the MarketNumber of Open Funds and Aggregate Total Target

644 Funds Currently in the 

Market

644 Funds Currently in the 

Market

Links for PitchBook Fundraising ChartsPitchBook users can click the links below to load the corresponding chart directly into 

the PitchBook Platform for further customization

Slide 20 – PE fundraising by yearLink to customize chart in PitchBook

Slide 21 – PE fundraising by quarterLink to customize chart in PitchBook

Slide 22 – PE fundraising (count) by size bucketLink to customize chart in PitchBook

Slide 23 – PE fundraising (capital) by size bucketLink to customize chart in PitchBook

How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook

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Or for additional slides and analysis

ResearchEmail: research@pitchbook.comPhone: 1-877-636-3496