1. PE Index 2010-Q4

2. The Private Equity Index rose by 5.0% from the previous quarter  The Private Equity Index registered 115.3 in 2010-Q4. This was up from the revised level of 109.7 for 2010-Q3 and 91.2 for 2009-Q4. Overall it is 15.2% above the 10-year moving average.

3. 2010 dollar volume of private equity-backed M&A increased by 80.8% from the previous year Through Year EndNumber of DealsDeal Value ($ Mil.)Annual Change in Deal Value 20103,466$220,87680.8% Q4 913 $68,090 Q3 918 $72,285 Q2 835 $46,960 Q1 800 $33,541 20092,817$122,150-49.1% 20084,038$240,115-69.7% 20075,039$791,3420.4% 20064,194$788,412121.9% 20053,333$355,33239.2% 20042,536$255,24274.1% 20031,916$146,63725.4% 20021,379$116,92926.9% 20011,585$92,179  The total dollar volume of buyout activity in 2010 was nearly double that of 2009 and represents the largest deal volume since 2008.  PE-backed M&A volume remains at about one-fourth of the 2007 peak. Source: Thomson Reuters: Financial sponsor backed

4. Equity continues to account for approximately 40% of the average buyout investment Source: Standard & Poor’s Leveraged Commentary & Data; PEGCC  Equity contributions to buyouts remained near record highs, but fell closer to the ten year moving average of 35%. The average gross leverage ratio on buyouts completed in 2010 was 2.41-to-1.

5. 2010 fund commitments rose by 4.0% from 2009 Through Year EndNumber of FundsNet Amount Raised (Mil).Annual Change in Amount Raised (%) 2010381$104,432.14.0% Q4 97 $23,172.4 Q3 95 $26,257.5 Q2 86 $25,953.2 Q1 103 $29,049.0 2009319$100,372.2-73.4% 2008529$376,955.6-1.4% 2007596$382,477.826.6% 2006504$302,037.037.8% 2005477$219,108.1119.5% 2004358$99,816.140.2% 2003307$71,213.520.3% 2002303$59,197.0-38.0% 2001334$95,404.6  Fund commitments secured rose by 77.9% in 2010-Q4 from the same period a year ago.  Private equity fundraising remains near 2004 levels, primarily due to high levels of uncalled capital reserves. Source: Thomson Reuters: Buyout, growth capital and mezzanine; PEGCC

6. 2010 global private equity-backed IPO volume increased by 174.3% from the previous year Through Year EndNumber of IssuesProceeds Amount (Mil.)Annual Change in Proceeds Amount 201096$35,043.4174.3% Q4 32 $10,581.1 Q3 23 $6,625.5 Q2 26 $13,211.8 Q1 14 $4,625.0 200932$12,775.9267.3% 200824$3,478.3-91.2% 2007113$39,739.9-32.0% 2006123$58,450.177.4% 200592$32,955.356.4% 200481$21,076.0281.3% 200323$5,527.4-18.0% 200232$6,743.7197.8% 200112$2,264.5  2010-Q4 private equity-backed IPO volume rose by 41.3% from the same period a year ago.  Annual IPO exit volume remains far below its high of $58.5 billion in 2006.

7. Exit volume doubles in 2010 relative to 2009; Q4 exit volume increases by 69% Source: PitchBook, Thomson Reuters; PEGCC Through Year EndNumber of ExitsExit Amount (Mil.)Annual Change in Exit Amount 2010480$110,146129.2% Q4 148 $38,981 Q3 111 $23,030 Q2 128 $30,049 Q1 93 $18,085 2009250$48,056-43.0% 2008382$84,319-32.2% 2007605$124,3509.1% 2006508$113,92970.4% 2005429$66,862-6.5% 2004376$71,507159.6%

8. Callable capital reserves (“dry powder”) remain near record levels Date (as of)Buyout Distressed Private Equity MezzanineOtherReal EstateVenture Dec-0318620183040109 Dec-0417719 3457102 Dec-0525921225299109 Dec-06380393589136126 Dec-074475938136173157 Dec-084975146142177161 Dec-094975342135185154 Jun-104884942130194159 Sep-104655342118176152 Jan-114465341116166149 Callable Capital Reserves/Dry Powder by Private Equity Type ($ Bil.) Source: Preqin