Exit activity at record levels

Private equity backed exits remained at record activity in the first three months of the year, researchers at Prequin revealed yesterday. “Fund managers are realising the mega-sized investments made during the buyout boom-era,” said Prequin’s Manual Carvalho. The number of new deals, and their value, both fell from the final quarter of 2010. New deals numbered 623, worth $49.9bn (£30.6bn) – down eight per cent in number, and 26 per cent in aggregate value.