"LPs keep plowing money out but there's nothing coming in. You've seen them do big deals, but you haven't seen the exits.."

still missUSA
Originally uploaded by benbarren.

As Yazz and execs with their 1% management equity incentives would sing "The Only Way is Up" when it comes to private equity or was that down ? Well that's really a question of how good you are at timing a market, and your entry/exit points. (Sol seemed to drive Telstra down so far down, that everything looks like a 18 to 25% gain now) Interesting reuters piece I picked up from a VC blog. Party like it's 1999, Did you hear about the Google phone ? delirium, etc :

"The value of private equity-backed buyouts this year doubled to $602.4 billion from last year, according to Dealogic, on 1,912 deals. At the same time, the value of their exits is down 23 percent to $176.8 billion. The number of exits, which include selling to other buyers or public offerings, is down 24 percent to 698, Dealogic says. "Exits are way down. That raises issues on what LPs have in cash. LPs keep plowing money out but there's nothing coming in. You've seen them do big deals, but you haven't seen the exits," Hirsch said."