Heading west: PE sourcing more from the valley than public market
Download PitchBook’s 2Q 2018 US PE Breakdown report here.
We’ve remarked in the past that PE firms are warming to VC-backed targets. Younger tech companies are increasingly becoming viable buyout targets, or at least intriguing add-on candidates for their platforms. Meanwhile, we’ve also seen far fewer headlines about billion-dollar take-privates, particularly as the stock market has soared. Still, it was interesting to see buyouts of VC-backed companies have outpaced take-private deals as a percentage of PE deal flow since 2012.