{
  "docId": "019dd923-5ca1-7489-b635-f31a406868d6",
  "docSlug": "ad48a7aff8040249",
  "documentTitle": "Global Private Equity Report 2016",
  "authorId": "Bain",
  "authorName": "Bain",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.773,
  "pageNumber": 11,
  "pageCount": 72,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 45,
  "notes": "The slide uses a combination of bar charts for distributions/contributions and line charts for net cash flows, with a data table at the bottom of each chart.",
  "elementsJson": [
    "headline_text",
    "bar_chart_grouped",
    "line_chart",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b635-f31a406868d6/11",
  "deckHref": "/decks/019dd923-5ca1-7489-b635-f31a406868d6",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b635-f31a406868d6.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b635-f31a406868d6#slide-11",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Since distributions of cash returns first surpassed calls on prior LP commitments in 2011, PE funds funneled more than $650 billion to LPs through mid-2015—nearly $300 billion more than LPs sent back to meet call obligations.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-b48d-72e7-ba67-714ed62da46f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.375,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Europe capital distributions and contributions",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51eefb76-a789-4465-b038-c35321465fe6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.632,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Asia-Pacific capital distributions and contributions",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "adcd8ae3-9c93-4c51-a1ac-6a00c377fd7e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.118,
        "y": 0.18
      },
      "kind": "chart",
      "text": "US capital distributions and contributions",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c17bef01-0495-43c9-8dfd-18785adfd2c5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Net cash flows",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-b48d-72e7-ba67-7789b5629d77",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.764,
        "x": 0.118,
        "y": 0.65
      },
      "kind": "paragraph",
      "text": "The strong exit markets since 2010 and the torrent of returns they have generated at a time of flattening yields have only whetted LPs' appetites for more PE...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8185d205-c2cc-4d19-9c3d-3493ad1fb599",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.764,
        "x": 0.118,
        "y": 0.55
      },
      "kind": "paragraph",
      "text": "Since distributions of cash returns first surpassed calls on prior LP commitments in 2011, PE funds funneled more than $650 billion to LPs through mid-2015...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f4829a3-99d9-4707-8cf2-b9b248a1ea44",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.764,
        "x": 0.118,
        "y": 0.81
      },
      "kind": "paragraph",
      "text": "The attraction of all of the capital LPs have been eager to recycle kept 318 global buyout funds alone on the road at the end of the year...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f56ae9b-828c-4e39-a043-1ba9f2740cc4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.118,
        "y": 0.48
      },
      "kind": "source-note",
      "text": "Note: Europe includes developed economies only. Source: Cambridge Associates",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0c22e76c-ef1e-4f40-b7e6-aa7c494a64f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.118,
        "y": 0.78
      },
      "kind": "title",
      "text": "GP supply: Riding the liquidity wave",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7af72210-a16f-4c6e-9c37-aa2090bb0810",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.764,
        "x": 0.118,
        "y": 0.125
      },
      "kind": "title",
      "text": "Figure 1.4: Positive cash flow from distributions supported new PE buyout fund commitments in all major regions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6de8647-f178-4601-a4b7-9e8791c944b6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Causal Chain",
      "slug": "causal-chain",
      "agent": "Architect",
      "layer": "loop",
      "matchId": "019dd95a-173e-703c-8768-e8f1405321b4",
      "evidence": "Distributions → re-up commitments causal logic, $650B funneled.",
      "confidence": 70
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-173e-703c-8768-e71106518a2b",
      "evidence": "Title states insight 'distributions supported new commitments in all major regions'.",
      "confidence": 80
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 38,
      "from": 7,
      "beatId": "019dd95a-07a5-761b-9143-8cb5a7f43e6c",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Section 1 'What happened' + key takeaways aggregating fund-raising, investments, exits, returns data.",
      "position": 1,
      "confidence": 85,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 14,
      "from": 5,
      "beatId": "019dd95a-07a5-761b-9143-9bb0473993b0",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "'Heading toward a new normal?' + fund-raising baseline.",
      "position": 1,
      "confidence": 70,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [
    {
      "to": 14,
      "from": 7,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-088c-724c-b312-52734b0255eb",
      "evidence": "Multiple charts (small multiples on p.7, fund totals, LP allocations) build to 'fund-raising bigger, better, faster' conclusion.",
      "position": 1,
      "objective": "Establish 2015 fund-raising landscape via stacked evidence",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 80,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}