The Pulse of Private Equity – 7/19/2021

Fundraising at a record pace Download PitchBook’s Report here. One of PitchBook’s 2021 predictions was a record year for fundraising. The table was set for a rebound, and we saw how sentiment and momentum were shifting toward the back-half of the year. Our H1 Follow-Up Outlook shows that prediction is on pace to becoming true. We

The Pulse of Private Equity – 7/12/2021

Deal activity surges, multiples tick up Download PitchBook’s Report here. At the halfway point, US PE dealmaking is on pace to break records. PitchBook’s latest US Breakdown Report is now released, which shows rocketing numbers through two quarters. Juxtaposed against those deal numbers, though, is a slight uptick in buyout multiples, which went up for the

The Pulse of Private Equity – 7/5/2021

2021 on a record-setting pace PitchBook’s latest PE Breakdown Report, which will publish this Monday, shows a record-setting pace through the second quarter. Both volume and value figures are well above average at this point of the year. Q2 was especially active—we’re estimating the second biggest quarter on record, trailing only Q4 of last year....

The Pulse of Private Equity – 6/28/2021

A snapshot of global buyout multiples PitchBook’s latest analyst note, released tomorrow, takes a close look at buyout multiples across the IT, healthcare and consumer spaces. The pandemic had material and divergent impacts on IT and consumer—the 2020 median multiple for IT rose to 20.1x, up almost five turns from 2019’s median of 15.3x. IT

The Pulse of Private Equity – 6/21/2021

A solid start in the middle market Download PitchBook’s Report here. PitchBook’s latest US Middle Market Report shows a strong start to 2021, with the second highest quarterly totals in terms of value. An estimated $119.5 billion was invested in middle market companies in Q1. Combined with the record $160 billion from Q4, almost $280 billion

The Pulse of Private Equity – 6/14/2021

COVID’s impact on restaurants, hotels and leisure Download PitchBook’s Report here. PitchBook’s latest US Middle Market Report was released this week. Middle-market trends were in line with broader PE trends, with Q1 notching the second-highest totals ever seen, behind the record-breaking fourth quarter. We’ll re-visit other themes in the report next week. One of the spotlights

The Pulse of Private Equity – 6/7/2021

Long-dated fund market is growing Download PitchBook’s Report here. Long-dated funds are growing in popularity. A new analyst note from PitchBook takes a closer look at the growing market, generally defined as funds built to last for 15 years or more. It’s a relatively new phenomenon that started less than a decade ago, but has since

The Pulse of Private Equity – 5/31/2021

UK recovery also underway Download PitchBook’s Report here. Deal flow is on the upswing in the UK and Ireland, mirroring similar trends in North America. PitchBook’s UK & Ireland Private Capital Breakdown estimates a dramatic increase in activity in Q1, surging to more than 800 transactions worth a combined £57.9 billion. Those would mark YoY increases

The Pulse of Private Equity – 5/24/2021

13.3% returns in Q3 Download PitchBook’s Report here. PE fund returns data continues to pour in, giving us a clearer picture of COVID’s impact in 2020. Finalized Q3 2020 data shows a 13.3% return, on a global basis, according to PitchBook’s just-released Global Fund Performance Report. That surpasses the 9.1% return in Q2, and between those

The Pulse of Private Equity – 5/17/2021

Institutionalizing sports investing Download PitchBook’s Report here. Buying ownership stakes in professional teams has become a new credential for the most successful investors. A new PitchBook analyst note goes into detail about why that trend may continue, but with an institutional twist. In the last handful of years, the NBA, MLB and MLS have all altered