Barometer library

Coller Capital Global Private Equity Barometer

Summer 2019

  • We are pleased to share our 30th Coller Capital Global Private Equity Barometer and its associated  press release. Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on:

    • Returns from, and appetite for, PE and alternative assets
    • Sales of management company interests by GPs
    • LPs’ appetite for new products from their portfolio GPs
    • Attractiveness of additional, ‘non-contractual’ services offered by GPs
    • GP-led secondary transactions
    • LPs’ workload and activities
    • Deal-by-deal carry vs whole-fund carry
    • LPs’ and GPs’ ESG initiatives
    • Views of ILPA and its future direction
    • PE exits to public vs private markets
    • Prospects for venture capital in China compared with the USA
    • Attractiveness of space technology
    • Consolidation and regulation in PE debt markets

Coller Capital Global Private Equity Barometer

Winter 2018-19

  • We are pleased to share our 29th Coller Capital Global Private Equity Barometer and its associated  press release.  Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on: 

    • Returns from, and appetite for, PE
    • Brexit and European PE returns
    • Performance of PE in an economic downturn
    • Venture capital investments
    • Minority/non-control PE funds
    • Attractiveness of PE in emerging markets
    • The PE industry’s reputation
    • Diversity within the PE industry
    • PE special accounts
    • Attractiveness of PE real assets
    • Investments in specific industries
    • Turnaround and distressed debt funds

Coller Capital Global Private Equity Barometer

Summer 2018

  • We are pleased to share our 28th Coller Capital Global Private Equity Barometer and its associated  press release.  Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on:

    • GP selection and fundraising dynamics
    • LP performance and remuneration
    • The pace of innovation in private equity
    • LP investments in GP management companies
    • GP-led secondary transactions
    • Public-to-private transactions
    • Attractiveness of funds-of-funds
    • Performance of LPs’ private credit investments
    • ESG considerations as investment criteria

Coller Capital Global Private Equity Barometer

Winter 2017-18

  • We are pleased to share our 27th Coller Capital Global Private Equity Barometer and its associated  press release.  Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on:

    • Returns from, and appetite for, PE
    • LP's access to their favoured PE Funds
    • Specialist GPs vs multi-product platforms
    • Use of artificial intelligence in PE
    • Women in PE
    • Debt financing in buyout markets
    • Co-investments and direct investing
    • PE in China
    • PE vis-à-vis systemic risks to the financial system

Coller Capital Global Private Equity Barometer

Summer 2017

  • We are pleased to share our 26th Coller Capital Global Private Equity Barometer and its associated press release. Coller's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on: 

    • Cybersecurity risks
    • Returns from, and appetite for,
    • PE Risks to future PE returns
    • Opportunities for LPs from organisational change
    • Investment opportunities in fintech and blockchain
    • PE energy investment strategies
    • Areas of focus for PE credit investments
    • Opportunities in Japanese PE

Coller Capital Global Private Equity Barometer

Winter 2016-17

  • We are pleased to share with you, the 25th Global Private Equity Barometer, and its associated press release. Topics in this edition of the Barometer include investors' views and plans regarding:

    • The likely impact of Brexit on Europe and European PE
    • LP investments in GP management companies
    • Returns from, and appetite for, PE
    • Long-term outlook for hedge funds
    • Fund restructurings
    • Recruitment within LPs' PE teams
    • Co-investing economics
    • ESG as a determinant of new fund commitments
    • Attractiveness of emerging PE markets

Coller Capital Global Private Equity Barometer

Summer 2016

    • Returns from, and appetite for, PE
    • Volatility in global markets
    • Growth in ‘shadow capital’ within PE
    • LP access to target GPs
    • GP differentiation in various areas of PE
    • PE commitments in emerging markets
    • Implications of GPs’ dry powder reserves
    • Performance of co-investments
    • Fees and deal-by-deal carry
    • PE’s public reputation
    • LPs’ remuneration

Coller Capital Global Private Equity Barometer

Winter 2015-16

    • Returns from, and appetite for, PE
    • Challenges faced when making co-investments
    • Direct investments
    • Risks to PE performance
    • Impact of a possible Brexit on the performance of European PE
    • The rise of special accounts
    • The importance of corporate brand for PE firms
    • Factors influencing LP decisions to commit to debut funds
    • Emerging market PE exposure
    • The outlook for PE in China
    • Appetite for private debt

     

Coller Capital Global Private Equity Barometer

Summer 2015

    • Returns from, and appetite for, PE
    • Investments in Oil & Gas PE funds
    • Venture capital
    • Debut GP funds
    • Early bird discounts
    • Co-investments
    • Consolidation among LPs
    • Secondaries
    • The debt markets
    • GP fund restructuring
    • Prospects for European PE

     

Coller Capital Global Private Equity Barometer

Winter 2014-15

    • Returns from, and appetite for, PE
    • Hedge fund commitments
    • Investments in real assets
    • The impact of new regulation on financial markets
    • Direct investments
    • DC pension schemes as a source of funding
    • Gender diversity and PE returns
    • Venture capital
    • The debt markets
    • The European economy
    • The exit environment

     

Coller Capital Global Private Equity Barometer

Summer 2014

    • LPs’ returns & appetite for PE
    • LPs’ willingness to back GPs on a deal-by-deal basis
    • Fund terms & conditions
    • GPs’ first-time funds
    • Canadian vs US pension plans
    • Attractive countries in Europe for PE
    • Impact of AIFM Directive
    • The debt markets
    • Asia-Pacific PE market
    • The secondaries market
    • Venture capital & crowd-funding

Coller Capital Global Private Equity Barometer

Winter 2013-14

    • PE as an asset class after the financial crisis
    • Return expectations & appetite for PE
    • The risk of private vs public equity
    • The appropriate level of hurdle rates
    • The LP workplace
    • Expectations for capital calls & distributions
    • Direct investments & co-investing by LPs
    • The secondaries market
    • Regional PE markets
    • Venture capital & innovation
    • The debt markets

     

Coller Capital Global Private Equity Barometer

Summer 2013

    • LPs’ returns & appetite for PE
    • Overhang of PE commitments & the effects
    • of ageing dry powder
    • Carried interest
    • Operational improvement by GPs
    • Deployment of cash on corporate balance sheets
    • Attractive areas for GP investment
    • Publicly quoted GPs
    • Appetite for large buyouts
    • Covenant-lite LBO debt
    • Appetite for debt funds
    • PE markets in Asia-Pacific, Europe and the MENA region

Coller Capital Global Private Equity Barometer

Winter 2012-13

    • The effect of performance-related pay on LPs’ portfolio returns
    • LPs’ willingness to back GPs on a deal-by-deal basis
    • LPs’ return expectations & appetite for PE
    • Demand and supply in global PE markets
    • LPs’ plans for their number of GPs
    • Fundraising & due diligence since the crash
    • Most attractive areas for GP investment
    • LPs’ expectations on distributions
    • The IPO market
    • The debt markets
    • Asia-Pacific PE market

     

Coller Capital Global Private Equity Barometer

Summer 2012

    • LP appetite for PE
    • LPs’ VC returns from different regions
    • The PE industry’s public reputation
    • Separate accounts for individual LPs
    • The exit environment
    • Direct investments and co-investing by LPs
    • Corporate venturing
    • The secondaries market
    • Impact of ESG principles on LP investment decisions
    • Distressed debt
    • Asia-Pacific PE market
    • GPs’ transparency & risk management
    • The global economic outlook

     

Coller Capital Global Private Equity Barometer

Winter 2011-12

    • LPs’ return expectations & appetite for PE
    • Attractive areas for GP investment
    • Pace of GP investment
    • The attractiveness of the PE model
    • Fund terms & conditions
    • Fundraising & fund extensions
    • ‘Zombie’ funds
    • GP consortium deals
    • Debt-related challenges for PE

Coller Capital Global Private Equity Barometer

Summer 2011

    • LPs’ returns & appetite for PE
    • The exit environment
    • The debt markets
    • Dividend recaps
    • GP survival
    • GPs’ focus on operational improvement
    • Sector-specialist PE funds
    • The LP workplace and remuneration
    • The secondaries market
    • Asia-Pacific PE market

     

Coller Capital Global Private Equity Barometer

Winter 2010-11

    • LPs’ return expectations & appetite for PE
    • Attractive areas for GP investment
    • Distributions to LPs
    • The PE market cycle
    • PE funds-of-funds
    • Venture capital
    • Asia-Pacific PE market
    • Impact of ESG principles on LP investment decisions

Coller Capital Global Private Equity Barometer

Summer 2010

    • LPs’ returns & appetite for PE
    • Anticipated impact of tax/regulatory changes on returns
    • Debt-related challenges for PE
    • LP-GP alignment
    • Planned number of GP relationships
    • Direct investments by LPs
    • Asia-Pacific PE market
    • Size/robustness of the PE industry

     

Coller Capital Global Private Equity Barometer

Winter 2009-10

    • LPs’ returns expectations & appetite for PE
    • The global economy and its impact on PE
    • The secondaries market
    • Pace of GP investment
    • Attractive areas for GP investment
    • Exit environment
    • Distributions to LPs
    • Placement agents

Coller Capital Global Private Equity Barometer

Summer 2009

    • GP survival
    • LPs’ returns & appetite for PE
    • Distributions to LPs
    • Fund terms & conditions
    • GPs’ transparency & risk management
    • Exit environment
    • PE valuations

Coller Capital Global Private Equity Barometer

Winter 2008-09

    • LPs’ returns expectations & appetite for PE
    • The secondaries market
    • Buyout funds’ performance multiples
    • Pace of GP investment
    • Attractive areas for GP investment
    • Asia-Pacific PE market
    • Middle East PE market

Coller Capital Global Private Equity Barometer

Summer 2008

    • LPs’ returns & appetite for PE
    • Pace of GP investment
    • Attractive areas for GP investment
    • Distressed debt and mezzanine
    • First-time PE investors in the future
    • The market for LP talent
    • The secondaries market
    • Sovereign wealth funds

Coller Capital Global Private Equity Barometer

Winter 2007-08

    • Investors’ reactions to the recent PE controversy
    • LPs’ returns expectations & appetite for PE
    • Pace of GP investment in the short-term
    • Emerging PE markets
    • Direct investment by LPs
    • First-time GPs
    • Fund terms & conditions
    • Obstacles facing European venture capital
    • Attractive areas for GP investment globally

Coller Capital Global Private Equity Barometer

Summer 2007

    • LPs’ appetite for private equity and alternative assets 
    • Gatekeepers/funds-of-funds 
    • LPs’ returns 
    • Secondaries market 
    • Risks to the performance of large buyout funds 
    • Distributions to LPs

     

Coller Capital Global Private Equity Barometer

Winter 2006-07

    • LP appetite for private equity and alternative assets
    • Returns from private equity
    • Factors important to LP success
    • LPs’ willingness to ‘re-up’
    • Environment for private equity
    • Attractive areas for GP investment
    • Take-privates
    • Exit environment for GPs
    • Distributions
    • Initial Public Offerings (IPOs)
    • GP investment pace

     

Coller Capital Global Private Equity Barometer

Summer 2006

    • LP appetite for PE and alternative assets
    • Number of PE funds in LPs’ portfolios
    • Returns from private equity
    • Satisfaction with private equity performance
    • Attractive areas for GP investment
    • Buyout leverage multiples
    • ‘Take-privates’ of quoted companies
    • LPs’ willingness to ‘re-up’ with their current GPs
    • Secondaries market
    • Placement agents
    • First-time funds
    • Direct investment by LPs 

Coller Capital Global Private Equity Barometer

Winter 2005-06

    • Appetite for alternative assets 
    • Appetite for private equity and hedge funds
    • Satisfaction with private equity performance
    • Distributions
    • GP investment pace
    • LPs’ 3-5 year return expectations
    • LPs’ willingness to re-invest 
    • LP plans for new GP relationships
    • Access to GP funds
    • LP concerns in the current fundraising environment
    • LP investment in European VC
    • Private equity in emerging markets
    • The attractiveness of specific emerging markets
    • Hedge funds investing in the private equity arena

     

Coller Capital Global Private Equity Barometer

Summer 2005

    • LPs’ planned allocations to private equity and alternative assets generally
    • LPs’ access to private equity funds
    • LP/GP relationships
    • LPs’ willingness to reinvest 
    • Attractiveness of private equity markets 

Coller Capital Global Private Equity Barometer

Winter 2004-05

    • Target allocations to private equity
    • Investor appetite for alternative assets
    • Commitments to private equity
    • Investors recruitment
    • GP relationships 
    • Terms and conditions
    • Performance measurement
    • Valuations
    • PE returns