Investments softer in 2012, despite bumper exit year.

Last year drew to a close with a more cautious investment environment than the previous year, in spite of an exit market that remained vigorous throughout the year – see charts here.

The spectacular highlight of the bumper exit year in terms of scale was the $18.4bn initial public offering of US-based social network Facebook. This accounted for more than half the total raised from the year’s 147 exits from corporate-backed entrepreneurial companies worth $35.6bn – an increase on…