2005 Global Private Equity Barometer

Coller Capital’s half yearly Global Private Equity Barometer, which surveyed 104 private equity investors around the world during February to April this year, has announced the following key findings;

– 43% of LPs are unable to invest in all their funds of choice

– factors limiting LPs access to private equity funds differ, North American LPs found 88% of funds are closed to new investors whereas European (54%) and Asia-Pacific LPs (78%) cited internal resource constraints

– 52% of LPs plan to increase the number of GP relationships over the next 12 months, 37% plan to maintain the same number and 11% plan to decrease

– 94% of LPs with committed capital of $800m or more are planning new GP relationships in the next 12 months

– 45% of LPs have declined to re-up (reinvest) with one or more of their current GPs over the last 12 months, among the North American component the figure was slightly higher at 51%, rather than moving out of private equity a desire to focus more resources on their best performing GPs is the reason cited

– 46% of LPs expect their GPs pace of investment to increase over the next 12 months, 4% think they will spend less compared to last year and 50% believe the amount will be about the same

– types of private equity ranked by attractiveness for GP investment over the next 12 months ranked as follows; 1st European buyouts, 2nd Asia-Pacific buyouts, 3rd North American venture, 4th North American buyouts, 5th Asia-Pacific venture, 6th European venture

– European buyout markets ranked by attractiveness for GP investment over the next 12 months ranked as follows; 1st Central & Eastern Europe, 2nd Germany, 3rd Spain, 4th France, 5th UK & Ireland, 6th Nordic (Denmark, Finland, Norway & Sweden), 7th Benelux (Belgium, The Netherlands & Luxembourg), 8th Italy