Across 2017, private equity deal activity was roughly on par with what we saw during 2016. Dealmakers put $538.2 billion to work across 4,053 deals. With a spike of activity during the third quarter, there was a fourth quarter decline, accounting for 24.6% of 2017 deal volume to close out the year. This year-over-year flat activity is surprising, as dry powder continued to increase thanks to the recent record-breaking fundraising environment. In fact, this excess availability of capital may actually be hindering dealmaking.
In this issue of the Pitchbook 2017 Annual US PE Breakdown report you'll see a review of the year and get a head start on the 2018 outlook.
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