Bloomberg’s PE: A Major Database for Private Equity

Private equity consists of firms and funds that make investments directly into private companies or conduct buyouts of public companies. Private equity, as the name implies, is not traded on public equity exchanges.PE bloomberg FIRST MENU

Bloomberg’s Private Equity (PE) database brings together data about PE firms, funds, investors and portfolios. In Bloomberg, type PE <GO> for this menu:

 

 

Search by Firm – Private equity firms are the general partners controlling the operations of the firm.

Search by Fund – Private equity firms direct their investments through one or more funds. Funds are associated with a specific investment strategy.  Venture Capital Funds, for example, are investments in startup firms and small businesses with perceived long-term growth potential. Here is a breakdown of the funds worldwide associated with a specific strategy that is available in Bloomberg.

Strategy           Percent of Total

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  • Venture              28%
  • Buyout               25%
  • Growth                9%
  • Debt                    8%
  • Fund of Funds   10%
  • Real Estate        13%
  • Other                   8%

Search by Limited Partners – Limited partners are the source of investment funds. They include public and corporate pension funds, insurance companies, endowments, high net worth individuals, and sovereign wealth funds

Search by Deal – Deals can be classified as M&A investment, Joint venture, Spinoff, and Buyback, and then further sub classified as a PE buyout, Infrastructure, Real Asset, Real Estate, Secondary Transaction, or Venture Capital deal. Venture Capital deals include possible subdivisions into Seed, Angel, or Series (A to J).

The screen below shows a search for all PE deals in the past year that had targets in the alternative energy industry.

PE bloom deal screen for alternative eng 417

 

Search by Private Company – Bloomberg lists more than 15,000 companies in which PE firms invest.

  • Clicking on the name of the company will display a record giving the name(s) of the PE firms which include the company in their portfolio, as well as additional information about the company. The record for U.S. Foods, for example, will show that it is held by KKR 2006 Fund.

In addition to its list of PE backed private companies, Bloomberg includes a database of 1.3 million private companies worldwide that are not PE backed.

PE Bloom Private compnay ALL OKOther useful features of Bloomberg’s PE include Funds in Market, which gives aggregate statistics by strategy, and Benchmarking and Fund Comparison, which allow the comparison of funds by such features as IRR (internal rate or return).

Take a look also at Bloomberg’s weekly Private Equity Brief

PE Bloomberg Brief banner

PE Bloom table from PE brief

In addition to Bloomberg, the Penn Libraries have several additional databases that provide details of private equity activity. They include Thomson ONE, S&P Capital IQ (available at Lippincott in the Yablon Financial Resources Lab) , Preqin, and CB-Insights.

Also see our Research Guide:  Venture Capital and Private Equity.

For more information on Bloomberg see our Bloomberg Help Guide and additional posts in Datapoints under the Category:  Bloomberg.

What is Your Capital IQ?

SP_Capital_IQ_FINALS&P Capital IQ is a premier financial database used in the industry by leading financial institutions, advisory firms, and corporations. The database covers global public and private companies, investment firms, capital transactions, and people. You can customize reports and export them directly to Excel or use the API to extract data from the database.

We have 8 Capital IQ terminals here at the Lippincott Library. They are located in the Yablon Financial Resources Lab. You need a Wharton username and password to access the database and a librarian to log you in. Full-time Wharton MBAs have remote access to the database though MBA Career Management. Note that access is available only during the school year.

This post focuses on the information available for a single, publicly traded company. While this database does cover privately held companies, the data available for private companies is often minimal because private companies are not required to file with the SEC.

Search

Search by company name in the top toolbar. When you select the company, you will start on the company tearsheet which provides basic qualitative and quantitative information on the firm, including financials, key people, and equity pricing. The left-hand menu allows you to navigate to the different information segments that you can access for the company. Here are some highlights.

Financials/Valuation => Key Stats

The Key Stats page displays high-level financial information for the company you are viewing.  You can view historical financials as well as estimates for data like Total Revenues, Gross Profit, EBITDA, EBIT, Net Income and more. To view historical data (back to the late ’80’s early ’90s), adjust the timeline. Notice that you can easily jump to other financial statements from this screen. The financials can be easily exported to Excel. Select either the single page you are viewing or the entire set of financials. You can also link to the company’s 10-K and 10-Q directly from any financial statement. Continue reading