pepperdine private capital access q4_2015_trends

8/20/2019 Pepperdine Private Capital Access Q4_2015_trends

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22.06.15

PCA Index Survey Responses

Trend AnalysisCraig Everett, Ph.D. Director, Pepperdine Private Capital Markets Projec t


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© 2012-2015 Pepperdine University. All rights reserved. Pepperdine Private Capital Access Index (“PCA Index !is a trade"ar# $% Pepperdine University. PCA Index c$ntent is the intellect&al pr$perty $% Pepperdine University$r its third party c$ntent pr$viders. Any c$pying' rep& licati$n $r redistri &ti$n $% PCA Index c$ntent' incl&ding

&t n$t li"ited t$ caching' %ra"ing $r si"ilar "eans' is expressly pr$hi ited )ith$&t the pri$r )ritten c$nsent $%Pepperdine University. Pepperdine University shall n$t e lia le %$r any err$rs' $"issi$ns $r delays in PCA Indexc$ntent' $r %$r any acti$ns ta#en in reliance there$n.

PUBLISHED BY

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ACKNOWLEDGEMENTS

I’d also like to thank the follo in! people at "he #ra$iadio School of Business and %ana!e&ent for their contributions

Da(id %. S&ith) Ph.D.Dean

*ohn +. Pa!lia) Ph.D. Associate Dean, Associate Professor of Finance

Lisa Perr,Director, Marketing and Communications

Irina Sha,khutdino(aResearch Associate


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"his research as &ade possible ith the support of Dun - Bradstreet.

DUN & BRADSTREET

*effre, Stibel

Vice Chairman

*ud, Hackett)Chief Marketing Officer

aron StibelChief Technology Officer

Heather HerndonDirector, Marketing and Communications

Brenda #ar,Vice President, Marketing Operations

Lauren Si&psonMarketing and Communications Manager

Bernice BrennanManager, Creati e !er ices " Marketing Communications

"renice "a,lor Marketing Manager


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I. bout the Pri(ate apital ccess 0P 1 Inde233...3.34II. De&and for e2ternal financin!33333333..3.3.56

III. ccessibilit,/success rate of raisin! ne capital33...375

I8. E2pected de&and for e2ternal financin!33333..3..95

8. E2pected capital access 0success1 rates33333..3.94

8I. Hirin!/!ro th outlooks and financin! failure i&pacts3:7

I. bout the Pri(ate apital ccess 0P 1 Inde233...3.34II. De&and for e2ternal financin!33333333..3.3.56

III. ccessibilit,/success rate of raisin! ne capital33...375

I8. E2pected de&and for e2ternal financin!33333..3..95

8. E2pected capital access 0success1 rates33333..3.94

8I. Hirin!/!ro th outlooks and financin! failure i&pacts3:7

" BLE ;< ;="E="S

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"he Pepperdine Pri(ate apital ccess Inde2 0P 1 is a >uarterl, indicator produced b, the #ra$iadio School of Busines

%ana!e&ent at Pepperdine Uni(ersit,) and ith the support of Dun - Bradstreet. "he inde2 is desi!ned to &easure the de&for) acti(it,) and health of the pri(ate capital &arkets. "he purpose of the P Inde2 is to !au!e the de&and of s&al

&ediu&?si$ed businesses for financin! needs) the le(el of accessibilit, of pri(ate capital) and the transparenc, and efficie

pri(ate financin! &arkets.

I. B;U" "HE P@I8 "E PI" L ESS 0P 1 I=DEA

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6)C co&pleted responses in 7) 7F57

:)4G4 co&pleted responses in 9) 7F57

9):74 co&pleted responses in :) 7F57

7) 59 co&pleted responses in 5) 7F59

5)C:G co&pleted responses in 7) 7F59

5)6 co&pleted responses in 9) 7F59

9)5 6 co&pleted responses in :) 7F59

9)456 co&pleted responses in 5) 7F5:

5) 765 co&pleted responses in 7) 7F5:

7)945 co&pleted responses in 9) 7F5:

7)595 co&pleted responses in :) 7F5:

9) 6 9 co&pleted responses in 5) 7F56

9) 4C9 co&pleted responses in 7) 7F56

7) GC9 co&pleted responses in 9) 7F56

B;U" "HE P@I8 "E PI" L ESS 0P 1 I=DEA SU@8EY

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P@I8 "E PI" L ESS 0P 1 =D P@I8 "E PI" L DE% =D 0P@ESUL"S ? H;LE S %PLE

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Total Market PCAIndex PCDIndex

2012- 2 27!8 37!02012- 3 27!0 36!52012- " 27!3 35!12013- 1 25!6 32!72013- 2 26!8 33!"2013- 3 27!5 31!72013- " 27!8 32!8201"- 1 28!3 32!3201"- 2 28!# 31!1

201"- 3 28!7 2#!#201"- " 2#!6 31!12015- 1 2#!6 32!62015- 2 30!0 35!02015- 3 30!8 35!32015- " 31!2 33!6C$an%e 0!" -1!7P&'! C$an%e 1!"( -"!7(


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2012- 2 26!6 38!82012- 3 26!0 38!02012- " 26!3 36!52013- 1 2"!6 33!22013- 2 26!3 3"!32013- 3 26!8 32!32013- " 26!6 33!#201"- 1 27!1 33!"201"- 2 27!7 32!1

201"- 3 27!5 30!8201"- " 28!5 31!#2015- 1 28!# 33!22015- 2 2#!2 36!22015- 3 30!3 36!82015- " 30!3 3"!#C$an%e 0!0 -1!#P&'! C$an%e 0!1( -5!2(


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2012- 2 3"!7 32!32012- 3 33!5 33!12012- " 32!7 31!52013- 1 31!# 30!62013- 2 3"!3 28!72013- 3 3"!7 27!62013- " 33!7 26!3201"- 1 36!7 2"!8201"- 2 37!0 2"!#

201"- 3 35!5 25!3201"- " 37!5 25!52015- 1 37!6 2"!62015- 2 37!7 2"!32015- 3 36!8 2"!72015- " 38!8 23!8C$an%e 2!0 -0!#P&'! C$an%e 5!"( -3!8(


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About Pepperdine Private Capita Mar!et" Pro#e$t"he Pepperdine Pri(ate apital %arkets Pro ect at the #ra$iadio School of Business and %ana!e&ent is the first si&ultaneoco&prehensi(e) and on?!oin! in(esti!ation of the &a or pri(ate capital &arket se!&ents. "he research seeks to understand thcost of pri(ate capital across &arket t,pes and the in(est&ent e2pectations of pri(atel,?held business o nersO pro(idin! lendin(estors and the businesses that depend on the& ith critical data to &ake opti&al in(est&ent and financin! decisions) anddeter&ine here the opportunities to create lastin! econo&ic (alue &a, be reali$ed. Do nload reports and find &ore infor&http'//bschool.pepperdine.edu/pri(atecapita l. About Pepperdine Univer"it% " Gra'iadio S$(oo o) Bu"ine"" and Mana*e+entA leader in &ul'iva'in% en'repreneurs$ip and di%i'al innova'ion T$e

raFiadio S&$ool o@


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Thankrai! E(ere

DirePepperdine Pri ate Capithttp'//bschool.pepperdin

crai!.e(erettQpep95F.6F4
http://bschool.pepperdine.edu/privatecapitalmailto:[email protected]:[email protected]:[email protected]://bschool.pepperdine.edu/privatecapital

pepperdine private capital access q4_2015_trends

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