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  "documentTitle": "Global Private Equity Report 2015",
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      "text": "Over the past decade, money pouring into US-focused buyout funds has accounted for 56% of the world's total.",
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      "text": "Global buyout capital raised (by primary geographic focus)",
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      "text": "Yet, even with the economic winds expected to be at GPs' backs in the period ahead, finding compelling deal opportunities at valuations that work and converting them to top-quartile winners will require extraordinary investment discipline.",
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      "kind": "paragraph",
      "text": "raised for buyouts and continues to do so. Over the past decade, money pouring into US-focused buyout funds has accounted for 56% of the world's total (see Figure 2.13).",
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      "text": "The magnet for that capital is the vast pool of sizable companies operating in the world's most open economy (see Figure 2.14). The capacity of the US economy to absorb capital is another of its many attractions to PE investors.",
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      "text": "Having exposure to the US market has been crucial for LPs that aspire to build a top-tier PE program. Even as PE has spread beyond the US and Europe to other regions around the world since the late 1990s, US-oriented buyout funds have led the elite list of funds, generating a net annual return of 15% or more (see Figure 2.15).",
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      "text": "Notes: Includes buyout funds with a final close; represents year funds held their final close. Source: Preqin",
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      "text": "Figure 2.13: The majority of buyout capital raised globally has been targeted at investments in the US",
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