P.E Deal Activity Download PitchBook’s Report here. US PE dealmaking finished the year similar to how it started: still struggling to find a bottom. Q4 2023 deal value declined 22.6% YoY, although deal count appears to be firming. For the full year, deal value declined by 29.5% to $645.3 billion, its lowest point since 2017 outside…
Middle-market activity: A 6-year low Download PitchBook’s Report here. Middle market buyouts are down to a six-year low, according to PitchBook’s Q3 US PE Middle Market Report. The third quarter dipped to an estimated $87.7 billion, a 13% decline from Q2 2023 and a 48% decline from the peak in Q4 2021…. Subscribe to Read MoreAlready
A quarter of megafunds Download PitchBook’s Report here. Global fundraising is on a healthy trajectory this year, according to PitchBook’s Q3 2023 Global Private Market Fundraising Report…. Subscribe to Read MoreAlready a member? Log in here...
A symbol for the PE market Download PitchBook’s Report here. Buyout multiples have barely budged in 2023 and remain above the 11x threshold, according to PitchBook’s latest Quantitative Perspectives report, The Waiting Game…. Subscribe to Read MoreAlready a member? Log in here...
Mega-deals down, mega-fundraising rising Download PitchBook’s Report here. Currents are crashing into each other at the biggest ranges of the PE market. A couple weeks ago we covered a sizable drop in mega-deals, first unearthed in PitchBook’s Q3 US PE Breakdown. … Subscribe to Read MoreAlready a member? Log in here...
PE’s share of M&A at a high point Download PitchBook’s Report here. Private equity’s share of overall M&A is trending toward a record high, according to PitchBook’s Q3 2023 Global M&A Report. Through Q3, PE is accounting for 42% of all global M&A, about a percentage point higher than the record…. Subscribe to Read MoreAlready a member?
A big drop in mega-buyouts Download PitchBook’s Report here. $1B+ deals are set for a big decline this year, according to PitchBook’s Q3 US PE Breakdown. Through Q3, about $156 billion has been invested via billion-dollar deals, a far cry from the $352 billion seen last year. It’s an even further drop compared to 2021, when almost half…
A historically slow exit market Download PitchBook’s Report here. PE exit activity resumed its downward trend in Q3, according to PitchBook’s Q3 US PE Breakdown. $44.1 billion was exited last quarter, the lowest quarterly total in ten years, exempting the COVID quarter of Q2 2020. While that’s very low, it could also be a bottoming out….
A Disappointing Q3 Download PitchBook’s Report here. The first half of the year showed teasingly positive trends for private equity, at least from a data perspective. The third quarter didn’t live up to those expectation. PitchBook’s Q3 US PE Breakdown saw a decline in dealmaking activity—below the $200 billion mark for the first time since COVID—and deal value…
Distressed debt fundraising Download PitchBook’s Report here. While private debt fundraising had a strong first half, distressed debt fundraising was exempt from that trend, according to PitchBook’s H1 2023 Global Private Debt Report. It’s a sudden drop-off from a trend that goes back more than a decade. Through H1, three distressed debt funds have closed worth…