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  "documentTitle": "Global Private Equity Report 2016",
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      "text": "Looking ahead: An exit slowdown",
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      "text": "The slower pace of investments feeds through to fewer exits and smaller cash distributions flowing back to LPs, the PE industry should settle into a more sedate new normal next year and beyond.",
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      "text": "Global buyout value: $1,212B",
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      "text": "Past investments are the fuel that stokes the fire of future exits. Recent investment activity—which is far less than that from 2005 to 2010—portends a coming falloff in exits over the next five years (see Figure 1.26).",
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      "kind": "paragraph",
      "text": "piness to take 65 portfolio companies public in deals worth more than $30 billion... In the Asia-Pacific region, GPs looking to exit through IPOs weathered the summer market swoon...",
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      "text": "Notes: Bankruptcies excluded; IPO value represents offer amount and not market value of company. Source: Dealogic",
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      "text": "Figure 1.26: Slower investment activity over the past five years will feed through to fewer exits in the years ahead",
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