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…

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…

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…

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…

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…

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…

A good start to the year for public PEGs Download PitchBook’s Report here. The “Big Five” PE firms that trade publicly—Blackstone, KKR, Apollo, Carlyle and Ares—had an impressive start to 2021. PitchBook’s latest analyst note takes a close look at their Q1 2021 financials, which showed sustained momentum coming out of the pandemic late last year….

PE a growing force in M&A Download PitchBook’s Report here. Private equity is accounting for a growing share of M&A transactions. PitchBook’s just-released Global M&A Report shows that PE deals made up about 37% of all acquisitions last quarter, continuing an upward trend from the low 20s less than a decade ago. Last year PE transactions…

A rebound in fundraising Download PitchBook’s Report here. Fundraising is rebounding, according to PitchBook’s latest US PE Breakdown Report. 97 funds closed in Q1 totaling $88.5 billion, though more than half ($45.6 billion) of that dollar amount went to three massive funds raised by Silver Lake, CD&R and New Mountain Capital. At the other end of…

Exit ramps remained open in Q1 Download PitchBook’s Report here. 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…