2q 2012 private equity and venture capital presentation deck, published by pitchbook data

Private Equity Trends 2Q 2012Presentation Slide Deck

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2011 PE Investment on Par with 2010Number of Deals Closed (red line) and Total Capital Invested by

Year (blue bars)

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The private equity industry was quieter in 1Q, but 2012 is still very young …

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A Slowdown in Private Equity Investment was Not Completely Unexpected

Number of Deals Closed and Total Capital Invested by Quarter

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IT Increases Share of Activity in 2012Percentage of Deal Volume (count) by Industry

*Through 3/31/2012*

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Capital Investments Were Led by B2B, Followed by IT

Percentage of Deal Volume (capital) by Industry

* *Through 3/31/2012

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Mega Deals ($2.5B+) are Waiting for the Right Time to Execute

Percentage of Deal Volume (capital) by Deal Size Range

*Through 3/31/2012

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Let’s take a closer look at the deals that have closed…

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Median Buyout Size Continues Upward Trend

Median Capital Invested in U.S. PE Transactions

*

*Through 3/31/2012

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Buyout Multiples Hold at 8xEBITDA Multiples of Buyout Transactions

*Through 3/31/2012

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First Time Add-ons Accounted for More than Half of Buyouts

Add-on Deals as Percentage of Buyout Deals

*Through 3/31/2012

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Slide 3 – PE deal flow by yearClick to customize chart in PitchBook

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

Slide 6 – PE deal flow (count) by industry by yearClick to customize chart in PitchBook

Slide 7 – PE deal flow (capital) by industry by yearClick to customize chart in PitchBook

Slide 8 – PE deal flow (capital) by size bucketClick to customize chart in PitchBook

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While PE investments slowed in 1Q 2012, PE exits have held steady thus far.

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112 Exits in 1Q 2012 on Par with 2011 Average

Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale

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Median Secondary Buyout Size Increase by 8% in 1Q

Median Exit Size ($M)

*Through 3/31/2012

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Slide 15 – PE Exits (count) Click to customize chart in PitchBook

Slide 16 – PE Median Exit SizeClick to customize chart in PitchBook

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PE exits, however, still need to increase to drive down the aging company inventory.

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PE Exits Will Stay Strong in 2012 with 4,000 Portfolio Companies 3 Years or Older to Exit

Number of U.S. Private Equity Company Inventory by Deal Year

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Company Hold Time Continues to Increase

Median Time from Buyout to Exit

*Through 3/31/2012

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PE fundraising continues to be sluggish as capital is tied up in previous commitments.

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U.S. PE Fundraising Continues to be Challenging Number of Funds Closed and Total Capital Raised by

Quarter

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Mega-Funds Have Not Closed Since 2010Percentage of U.S. P.E. Funds (count) by Fund Size

*Through 3/31/2012

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Funds are Closing FasterAverage Time to Close U.S. PE Funds

*Through 3/31/2012

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Average Fund Size Trends Upward, but Sits Below $1B without Mega Funds Closing

Average Fund Size ($M)

*Through 3/31/2012

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Slide 22 – PE fundraising by quarterClick to customize chart in PitchBook

Slide 23 – PE fundraising (count) by size bucketClick to customize chart in PitchBook

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

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Additional Charts

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The Midwest Leads PE Deal Flow with 72 Deals

Percentage of Deal Volume (count) by Region

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B2B and B2C Account for 51% of PE Deal Activity

Percentage of Deal Volume (count) by Industry

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Deals Under $250M Account for 83% of Deal Flow

Percentage of Deal Volume (count) by Deal Size Range

*Through 3/31/2012

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Exit Strategies Stay Consistent with Long Term Averages

Percentage of P.E. Exit Volume (count) by Exit Type

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Funds Under $1B Account for Increased Share of Fundraising

Percentage of U.S. P.E. Funds (capital) by Fund Size

*Through 3/31/2012

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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 28 – PE deal flow (count) by regionClick to customize chart in PitchBook

Slide 29 – PE deal flow (count) by industryClick to customize chart in PitchBook

Slide 30 – PE deal flow (count) by size bucketClick to customize chart in PitchBook

Slide 31 – PE Exits % (count)Click to customize chart in PitchBook

Slide 32 – PE fundraising (capital) by size bucketClick 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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