PE Deal Volume in New York Stable, Report from ACG New York and PitchBook Says

Private equity fundraising in New York has remained relatively stable on a volume basis, despite declines in valuations, according to a new report from ACG New York and PitchBook. Because of the in-state location of many of the flagship private equity firms, fundraising values overall during 2016 have been positively affected and remain consistent, the report said.

The middle-market deal-making community had significantly lower deal activity in the past year due to a more competitive deal environment and elevated costs. Historically, deal values continue to appear healthy. Private equity is coming off two very deal heavy years (2014-2015) and the 2016 numbers are dramatically lower, said the report, which characterized the outlook as “optimistic.”  Although 2017 brings political uncertainty, the business climate remains positive is continuing to gain momentum, the report said.