Thomson Financial
Thomson Financial
Thomson Financial
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<strong>Thomson</strong> <strong>Financial</strong><br />
SLA<br />
How Private Equity Data is Collected<br />
Darrell Pinto<br />
T H O M S O N F I N A N C I A L<br />
Baltimore<br />
June 2006
Private Equity Flow of Funds<br />
Advisors &<br />
Placement<br />
Agents<br />
Investment<br />
Banks, Bankers,<br />
Lawyers<br />
Limited Partners<br />
Private Equity Firm<br />
Fund 1 Fund 2 Fund 3<br />
Companies<br />
IPO / M&A / Bankruptcy<br />
T H O M S O N F I N A N C I A L
Private Equity Flow of Funds<br />
Advisors &<br />
Placement<br />
Agents<br />
Investment<br />
Banks, Bankers,<br />
Lawyers<br />
Fundraising<br />
Takedowns<br />
Limited Partners<br />
Private Equity Firm<br />
Fund 1 Fund 2 Fund 3<br />
Companies<br />
Distributions<br />
Investments Proceeds<br />
Exits<br />
IPO / M&A / Bankruptcy<br />
T H O M S O N F I N A N C I A L
Database offerings are comprehensive<br />
Investments<br />
Portfolio Companies<br />
Private Equity Firms<br />
Private Equity Funds<br />
Limited Partners<br />
Executives<br />
Fund Commitments<br />
Fund Performance<br />
VentureXpert <br />
120,000 deals<br />
59,000<br />
12,000<br />
15,000<br />
2,200<br />
195,000<br />
Over 9,400 funds<br />
1800 US funds /<br />
1000 European<br />
funds<br />
Database<br />
VCReporter <br />
16,000 deals<br />
10,000<br />
1,400<br />
16,000<br />
T H O M S O N F I N A N C I A L<br />
Update Frequency<br />
Daily<br />
Quarterly in the US<br />
Semi-annually in<br />
Europe
Private Equity Data Collection at TF<br />
T H O M S O N F I N A N C I A L<br />
• Quarterly Surveys in Partnership with associations and other third parties<br />
• Quarterly <strong>Financial</strong> Statement Analysis of GPs and their Investors<br />
• Daily Research through public sources and government filings<br />
Private Equity Differentiators for <strong>Thomson</strong> <strong>Financial</strong><br />
Global Content<br />
Exclusive VCA<br />
relationships<br />
Benchmarking<br />
Tool
Private Equity Current Products<br />
VentureXpert VentureXpert VCReporter VCReporter SDC Platinum SDC Platinum LPXpert LPXpert Custom<br />
Benchmarking &<br />
Reporting Services<br />
Pratt’s Guide<br />
LP Directory<br />
VCJ<br />
EVCJ<br />
Buyouts<br />
T H O M S O N F I N A N C I A L<br />
Database Services LP Services Publications<br />
PE Week<br />
PE Week Wire<br />
IBR<br />
Pratt’s Guide<br />
LP Directory
Data gathering in action:<br />
“Bono”<br />
44 million hits on Google<br />
1 in TF private equity database<br />
T H O M S O N F I N A N C I A L
Question:<br />
T H O M S O N F I N A N C I A L<br />
How have life science funds VC performed in the<br />
US versus Europe?
%<br />
US Cumulative returns distribution<br />
%<br />
450<br />
350<br />
250<br />
150<br />
50<br />
-50<br />
European Cumulative returns distribution<br />
20<br />
0<br />
-20<br />
-40<br />
-60<br />
-80<br />
-100<br />
Max IRR:<br />
455%<br />
Sample Size=166<br />
Max IRR:<br />
23%<br />
Sample Size=54<br />
T H O M S O N F I N A N C I A L
Question:<br />
T H O M S O N F I N A N C I A L<br />
How does Canada rank globally in terms of venture<br />
capital activity?
Top 10: 2004 VC Disbursements by Nation<br />
United States<br />
United Kingdom<br />
France<br />
Japan<br />
Canada<br />
China<br />
Germany<br />
Netherlands<br />
South Korea<br />
India<br />
$2.3<br />
$1.4<br />
$1.2<br />
$1.2<br />
$1.1<br />
$0.8<br />
$3.6<br />
$2.7<br />
$1.8<br />
5th 5 Ranking<br />
th Ranking<br />
$35.8<br />
All figures in $Cdn bil<br />
T H O M S O N F I N A N C I A L
Question:<br />
How does private equity fundraising last year<br />
compare to previous years?<br />
T H O M S O N F I N A N C I A L
European Private Equity Funds Raised (€ bil)<br />
€ 8.0<br />
€ 20.0 € 20.3<br />
€ 25.4<br />
€ 48.0<br />
€ 40.0<br />
€ 27.5<br />
€ 27.0<br />
T H O M S O N F I N A N C I A L<br />
€ 27.5<br />
€ 71.8<br />
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005<br />
North American Private Equity Funds Raised (USD bil)<br />
$49.5<br />
$72.5<br />
$110.1 $130.1<br />
$199.2<br />
$111.5<br />
$53.6<br />
$52.8<br />
$85.8<br />
$159.5<br />
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Question:<br />
T H O M S O N F I N A N C I A L<br />
Do VC-backed companies that have gone public<br />
fare better compared to other public companies?
1-year returns*<br />
PVCI<br />
S&P Index<br />
Nasdaq 100<br />
Dow<br />
-0.7%<br />
4.5%<br />
4.1%<br />
9.2%<br />
3-year returns*<br />
PVCI<br />
PVCI<br />
Nasdaq 100<br />
S&P Index<br />
Dow<br />
T H O M S O N F I N A N C I A L<br />
8.7%<br />
12.9%<br />
19.3%<br />
26.7%<br />
* as of January 24, 2006
Want to know more?<br />
T H O M S O N F I N A N C I A L<br />
• VentureXpert, the most complete private equity database globally<br />
(www.venturexpert.com)<br />
• Send me an email at Darrell.pinto@thomson.com or visit the <strong>Thomson</strong><br />
<strong>Financial</strong> booth here at SLA<br />
• www.thomsonfinancial.com
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