Exit ramps remained open in Q1
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US PE exit activity continued its tear in Q1, according to PitchBook’s latest US PE Breakdown Report. Another $162 billion worth of exits was offloaded to start the year, not far off the record-setting fourth quarter of $176.3 billion. That adds up to $338.3 billion, more than the past four quarters combined. More than anything, the reverberating bounceback reflects pent-up exit demand, as 2020 plans were delayed due to unprecedented market conditions.