Is infrastructure poised for a resurgence? Download PitchBook’s Report here. Infrastructure is much in the news these days, given the massive spending bill currently being legislated in the US government, as well as even more earmarks being discussed worldwide by other nations. The potential implications of such significant investment in infrastructure, particularly in digital and energy,…
Private debt fundraising: As top-heavy as it’s ever been Download PitchBook’s Report here. Globally, private debt fundraising is on pace for another strong year. According to PitchBook’s latest Private Fund Strategies Report, about $138.0B has been raised this year across 137 new funds. By combined value, that’s in line with recent years, but the number of…
Mega-funds lead PE fund returns Download PitchBook’s Report here. Global PE funds posted a quarterly record in the first quarter, returning 17.6%, according to PitchBook’s latest Global Funds Performance Report. Very active capital markets are helping boost quarterly return numbers to historical highs. Preliminary Q2 returns show some deceleration, estimated at 8.8%, but still well above…
Add-ons now 73% of all buyouts Download PitchBook’s Report here. It’s getting repetitive, but the buy-and-build strategy is becoming the dominant approach for private equity. According to PitchBook’s latest US Breakdown Report, add-ons are comprising 73.2% of all buyouts this year. In 2007-2008, at the height of the buyout boom, the percentage was hovering around 50%….
Growth deals in vogue Download PitchBook’s Report here. One sea change in the post-COVID PE market is the surge in growth deals. According to PitchBook’s latest US Breakdown Report, both 2020 and YTD 2021 have exceeded the $75 billion line, and 2021 is the first year we’ve gone past $80 billion. We’re on pace to see…
The exit bonanza continues Download PitchBook’s Report here. Through Q3, PE exit activity is well into record territory, according to PitchBook’s latest US PE Breakdown. We’re estimating $638.3 billion in exited capital so far, including a blockbuster $283.7 billion exited in the third quarter alone. That’s a record by a wide margin, eclipsing the old record…
Q3 was another blockbuster Download PitchBook’s Report here. No rest for the weary: PitchBook’s latest US PE Breakdown is out, and the third quarter set another new record. An estimated $297 billion was invested in Q3 across an estimated 2,227 deals. Both would be new records, as data continues to be tabulated. The value mark, $297…
PE’s growth compared to the public market Download PitchBook’s Report here. As an asset class, private equity’s growth has exploded over the past two decades. According to PitchBook’s latest Quantitative Perspectives Report, there are now twice as many PE-backed companies as there are public companies in the United States. Those numbers, aided by figures from the…
SPAC IPOs are down, SPAC acquisitions are up Download PitchBook’s Report here. SPAC IPO volume is down considerably in mid-2021. A decline was probably inevitable, considering how massive Q1 volume turned out to be. Between Q1 and Q2, a new PitchBook analyst note shows a 67% decline in SPAC IPO count and 81% fall in aggregate…
First-time fundraising bouncing back Download PitchBook’s Report here. Middle market fundraising posted a strong showing in H1, according to PitchBook’s latest US Middle Market Report. $68.4 billion was raised through June, which puts 2021 on pace to approach the 2019 record. Even if it doesn’t, the middle market is set to bounce back from a decline…