U.S. private equity investment volume amounted to $146 billion for the second quarter, down from the previous quarter’s $156 billion but on par with investment levels in the fourth quarter of 2015, the American Investment Council reported this week.
Deal flow was also down quarter over quarter, from some 850 deals to about 750 deals.
Exit activity in the second quarter rebounded after experiencing a slowdown in the first three months of the year, surging 25% to $83 billion. The number of exits fell slightly to 235.
Total equity financing for U.S. leveraged buyouts fell to 45% from 47% in the first quarter.
“Even as global markets seem uncertain, this report indicates that private equity continues to remain a steady force for the U.S. economy,” AIC president and chief executive Mike Sommers said in a statement.
AIC bases its quarterly reports on research by PitchBook and Preqin.
The report’s findings showed healthy fundraising volume and record levels of callable capital reserves in the second quarter.