PE dry powder hits record in 2016 amid heightened competition: Bain & Company

Global markets experienced a roller-coaster 2016 as the outcomes of the UK's Brexit referendum and the US presidential election rocked investors. Yet, the global private equity (PE) industry proved its resilience, turning in healthy results for the year, according to Bain & Company's eighth annual Global Private Equity report.“Given that exits flow from the deals done in previous years, the decline in exit value and count in 2016 wasn't much of a surprise,” said Hugh MacArthur, a partner with Bain and head of the firm's Global Private Equity Practice.