pitchbook's 2011 annual pe presentation deck

: : 20112011

PitchBook’s 2011 Annual PE Presentation Deck

Request a demonstration or training:Email: demo@pitchbook.com Phone: 1-877-267-5593

For additional analysis or slides:Email: research@pitchbook.comPhone: 1-877-636-3496

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

Private Equity Private Equity InvestmentInvestment

Capital Invested in 2010 2.2x more than 2009

Number of Deals Closed and Total Capital Invested by Year

Source: PitchBook

4Q 2010 Capital Invested 6.25x more than 2Q 2009

Number of Deals Closed and Total Capital Invested by Quarter

Middle-Market Deal Activity Increases

Percentage of Deal Volume (count) by Deal Size Range

70% of Capital Invested in Deals Over $500M

Percentage of Deal Volume (capital) by Deal Size Range

Midwest is the Top Region for PE Investment Percentage of Deal Volume (count) by

Region

B2B Holds Onto Highest Volume of Deals

Percentage of Deal Volume (count) by Industry

B2C Capital Invested Increased 3.8x from 2009

Percentage of Deal Volume (capital) by Industry

Add-ons % Climbs for the 6th Straight Year

Add-on Deals as Percentage of Buyout Deals

Deals Under $1B Require More Equity

Percentage of Equity Used in Buyouts

Private Equity Private Equity ExitsExits

4Q 10 Exits Up 3.8x from low in 1Q 09

Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale

Percentage of capital invested by industry

2010 3rd Best Year for Exits on Record Annual PE Exits by Corporate Acquisition, IPO and

Secondary Sale

Percentage of capital invested by industry

Exits Shift Back Toward Secondary and IPO

Percentage of PE Exits by Type

Percentage of capital invested by industry

Median Exit Value Jumps in 2010 Median Exit Size ($M)

Percentage of capital invested by industry

PE Firms Holding onto Companies Longer

Average Time from Buyout to Exit

Percentage of capital invested by industry

Portfolio Company Overhang Keeps Building with 4,000 PE Investments Now 5-Years or Older

Number of Private Equity-Owned Companies

Percentage of capital invested by industry

Private Equity Private Equity FundraisingFundraising

PE Funds Struggle to Close in 2010Number of Funds Closed and Total Capital Raised by

Year

2H 2010, Worse 6 Months Since 2003Number of Funds Closed and Total Capital Raised by

Quarter

Time Spent Fundraising 2010 VintageAlmost Doubles from 2007 Vintage

Average Time Spent Fundraising by Close Year

Middle Market Funds Raise Majority of Capital

Percentage of US PE Funds (Count) by Size

$1B - $5B Funds Dominate Capital Raised

Percentage of Capital Raised by Size – US Funds

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

Vintage Year

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SalesEmail: demo@pitchbook.com Phone: 1-877-267-5593

Or for additional slides and analysis

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