Tài liệu Activity Data on Fundraising, Investments and Divestments by Private Equity and Venture Capital Firms in Europe 2012 ppt

LINK DOWNLOAD MIỄN PHÍ TÀI LIỆU "Tài liệu Activity Data on Fundraising, Investments and Divestments by Private Equity and Venture Capital Firms in Europe 2012 ppt": http://123doc.vn/document/1051415-tai-lieu-activity-data-on-fundraising-investments-and-divestments-by-private-equity-and-venture-capital-firms-in-europe-2012-ppt.htm

Fundraising
Fundraising Statistics explained:

• Current direct funds under management monitored are primarily focused on investments in Europe.
• Funds raised are recorded in the country of the advisory team that is raising/managing the fund (“industry
statistics”).
• The funds included in the statistics are: private equity funds making direct private equity investments,
mezzanine private equity funds, co-investment funds, rescue/turnaround funds.
• The following funds are excluded from the statistics: infrastructure funds, real estate funds, distress debt
funds, primary funds-of-funds, secondary funds-of-funds.
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Glossary – Fundraising
| 6
Fund stage focus:
• Early-stage fund: A venture capital fund focused on investing in
companies in the early stages of their lives
• Later-stage fund: A venture capital fund focused on investing in
later-stage companies in need of expansion capital
• Balanced fund: A venture capital fund focused on both early-stage
and development, with no particular concentration on either
• Growth fund: Funds whose strategy is to invest in or acquire
relatively mature companies that are looking for capital to expand
or restructure operations
• Buyout fund: A fund whose strategy is to acquire other businesses
• Mezzanine fund: A fund that provides (generally subordinated) debt
to facilitate the financing of buyouts, frequently alongside a right to
some of the equity upside
• Generalist fund: a funds with either a stated focus of investing in
all stages of private equity investment, or with a broad area of
investment activity
Type of investors:
• Corporate investor: Corporations that produce products
(manufacturing companies) or deliver non-financial services
• Endowment: An institution that is bestowed money (and possibly
other assets) via a donation with the stipulation to invest it and use
the gains for specific objectives so that the principal remains intact
• Family office: An office that provides services such as investment
management and other services (accounting, tax and financial
advice etc.) to one or several families
• Foundations: A non-profit organisation through which private wealth
is contributed and distributed for public purpose (most often
charitable purposes)
• Fund of funds: A private equity fund that primarily takes equity
positions in other funds
• Other asset manager: Financial institutions (other than bank,
endowment, family office, foundation, insurance company or
pension fund) managing a pool of capital by investing it across asset
classes with the purpose to generate financial returns
• Government agencies: Country, regional, governmental and
European agencies or institutions for innovation and development
(including structures such as the EBRD or EIF)
• Sovereign wealth funds: state-owned investment fund managing a
pool of money derived from a country's reserves

NB: In the following presentation, unclassified figures concerning the type of
investors have been extrapolated.

Independent and captive funds:
• “Captive funds” refers to funds that are 100% owned by the parent
organisation, while “independent funds” relates to semi-captive
funds (those in which the parent owns less than 100%) as well as
wholly independent funds.
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
3.6
1.4
3.4
1.6
4.9
6.2
2.3
1.5
2.5
3.0
1.5
3.7
1.5
0.5
1.5
1.0
0.5
2.5
1.0
0.6
1.5
2.5
1.1
1.7
1.9
1.0
2.0
4.5
2.8
1.7
0
1
2
3
4
5
6
7
Early-stage Later stage
venture
Balanced Growth capital Mezzanine Generalist
€ billion
2007 2008 2009 2010 2011
Funds raised by fund stage focus
| 7
2007-2011 - Incremental amount raised during the year

Source: EVCA / PEREP Analytics
Venture Capital
58.8
65.4
10.3
13.5
25.9
0
10
20
30
40
50
60
Buyout
€ billion
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
2.4
0.6
1.9
1.4
4.7
2.5
1.5
0.9
1.3
2.5
0.5
2.2
1.1
0.4
0.7
0.6
1.2
1.1
0.6
0.3
1.3
1.3
1.6
0.8
0.8
1.0
1.4
1.4
1.6
1.4
0
1
2
3
4
5
Early-stage Later stage
venture
Balanced Growth capital Mezzanine Generalist
€ billion
2007 2008 2009 2010 2011
Funds raised by fund stage focus
| 8

Source: EVCA / PEREP Analytics
Venture Capital
2007-2011 - Final closing during the year - Amount
53.4
59.2
9.4
13.3
18.5
0
10
20
30
40
50
60
Buyout
€ billion
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Venture funds raised by type of investors
| 9
2007-2011 - Incremental amount raised during the year - % of total amount


Source: EVCA / PEREP Analytics
8.2
6.2
3.4
3.2
4.8
0
5
10
2007 2008 2009 2010 2011
€ billion
New funds raised
(excluding capital gains)
0%
5%
10%
15%
20%
25%
30%
35%
2007 2008 2009 2010 2011
Academic Inst. / Endowments /
Foundations
Banks
Capital markets
Corporate investors
Family offices & Private Individuals
Fund of funds & Other asset managers
Government agencies
Insurance companies
Pension funds
Sovereign wealth funds
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Buyout funds* raised by type of investors
| 10
2007-2011 - Incremental amount raised during the year - % of total amount


Source: EVCA / PEREP Analytics
64.7
69.9
11.8
17.0
33.2
0
50
100
2007 2008 2009 2010 2011
€ billion
New funds raised
(excluding capital gains)
*Buyout funds including Growth capital and Mezzanine funds
0%
5%
10%
15%
20%
25%
30%
35%
40%
2007 2008 2009 2010 2011
Academic Inst. / Endowments /
Foundations
Banks
Capital markets
Corporate investors
Family offices & Private Individuals
Fund of funds & Other asset managers
Government agencies
Insurance companies
Pension funds
Sovereign wealth funds
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Generalists funds raised by type of investors
| 11
2007-2011 - Incremental amount raised during the year - % of total amount


Source: EVCA / PEREP Analytics
5.8
3.7
2.5
1.7
1.7
0
5
10
2007 2008 2009 2010 2011
€ billion
New funds raised
(excluding capital gains)
0%
10%
20%
30%
40%
50%
60%
2007 2008 2009 2010 2011
Academic Inst. / Endowments /
Foundations
Banks
Capital markets
Corporate investors
Family offices & Private Individuals
Fund of funds & Other asset managers
Government agencies
Insurance companies
Pension funds
Sovereign wealth funds
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Academic institutions
0.2%
Banks
9.8%
Capital markets
5.0%
Corporate investors
12.1%
Endowments and foundations
0.6%
Family offices
2.1%
Fund of funds
9.0%
Government agencies
34.0%
Insurance companies
2.6%
Other asset managers
1.2%
Pension funds
8.0%
Private individuals
14.9%
Sovereign wealth funds
0.3%
Venture Capital funds raised by type of investors
| 12
Number of funds
135

Number of VC firms
105
2011 - Incremental amount raised during the year - % of amount

Source: EVCA / PEREP Analytics
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Academic institutions
0.4%
Banks
17.5%
Capital markets
0.0%
Corporate investors
1.8%
Endowments and foundations
3.0%
Family offices
4.0%
Fund of funds
16.8%
Government agencies
5.2%
Insurance companies
6.7%
Other asset managers
3.7%
Pension funds
22.4%
Private individuals
5.4%
Sovereign wealth funds
13.2%
Buyout funds* raised by type of investors
| 13
Number of funds
116

Number of PE firms
108
2011 - Incremental amount raised during the year - % of amount

Source: EVCA / PEREP Analytics
*Buyout funds including Growth capital and Mezzanine funds
| Creating lasting value
YearBook 2011
| Creating lasting value
Yearbook 2012
Fundraising
Academic institutions
1.1%
Banks
11.1%
Capital markets
2.6%
Corporate investors
0.5%
Endowments and foundations
5.0%
Family offices
34.1%
Fund of funds
3.9%
Government agencies
12.7%
Insurance companies
0.7%
Other asset managers
0.1%
Pension funds
2.5%
Private individuals
25.6%
Sovereign wealth funds
0.0%
Generalist funds raised by type of investors
| 14
Number of funds
51

Number of PE firms
27
2011 - Incremental amount raised during the year - % of amount

Source: EVCA / PEREP Analytics