Elm Capital First Half 2014 Newsletter

September, 2014

Prices in the first half of 2014 remained high for buyouts and have risen across all other categories
The median of the highest bids recorded by Elm Capital was 95% of net asset value (“NAV”) for buyout funds, in line with what we saw in the second half of 2013
Prices for all other private equity fund types were up, with the median of the highest bids at 88% for venture capital funds, 95% for energy funds and 85% for funds of funds
High prices increasingly attract opportunistic sellers
Family offices and funds of funds were the most active sellers
Secondary funds were the most aggressive buyers successfully closing the majority of transactions we were involved with

Please use the form below to request a copy:

Fields marked with an * are required