Annual U.S. private equity investment volume stood at $653 billion in 2016, a decline of 12% from the year before, but the second highest level since 2007, the American Investment Council reported this week.
The council said equity financing’s contribution to capital reserve bases reached 43% in 2016, a year-over-year increase of 2%.
“The latest numbers show a sustained growth of the industry throughout 2016,” the council’s president and chief executive, Mike Sommers, said in a statement.
The AIC report noted that annual U.S. exit volume last year fell by 23% from 2015 to $321 billion, involving about 1,100 exits, down from some 1,300 the year before.
Meanwhile, global buyout funds’ callable capital reserves rose to $526 billion in January from $473 billion in 2015.