Eagle Summit Corporation excited as PE Index reaches new high since recession
Private equity activity continued to recover in the first quarter. It is also worth noting that levels of uncalled committed capital (dry powder), continued to decline, hitting $414.0 billion globally, though they remained well above pre-recession levels.
- (1888PressRelease) May 27, 2011 - Eagle Summit Corporations notices that at the end of the first quarter of 2011, the PE Index settled at 119.2, well above its 10-year moving average of 100, though still below the record high of 154.9 recorded during the fourth quarter of 2006. Other key metrics captured by the first quarter include:
- Fundraising by buyout funds totaled $24.0 billion, representing an increase of nearly 300% from its lowest level since the recession, recorded in 2009-Q4.
- 18 private equity-backed initial public offerings (IPOs) raised a total of $12.1 billion globally. This is a marked increase compared to the $4.3 billion raised from 12 IPOs in the same period during the previous year.
- Private equity-backed mergers and acquisitions (M&A) took a slight dip, as smaller-sized buyout deals (