After languishing in the years since the global financial crisis, the private equity sector is beginning to perk up. Existing funds are being deployed, new ones are being raised and investor allocations to are slowly increasing, according to a new study.
SEI, in partnership with Greenwich Associates, on Wednesday launched a three-part series detailing the results of a survey of 411 private equity fund managers, investors and consultants in the U.S., Europe and Asia.
Summarizing the overall findings of the survey, SEI said that fund managers and investors alike are relieved to see strong signs of a recovery, including the accelerated pace of exits during the first half of 2011.
The second quarter alone saw more than 300 exits worth an aggregate value of $120 billion, up from the previous record of $82 billion set in the fourth quarter of 2010.
But SEI cautioned against assuming that the growing number of IPOs and sales signal an imminent return to the boom years of 2006 and 2007.