PitchBook

The closed #IPO window has forced #VC investors to take whatever liquidity they can get. More than two-thirds of VC-backed exits since 2022 returned a less than 1x multiple on invested capital. 🗞 Learn more in this edition of The Weekly Pitch, along with our newly-released US PE Breakdown and PitchBook-NVCA Venture Monitor for Q3.

Q3 was a breakout quarter for #PrivateEquity deal activity, putting the global market on track for a 10% to 20% gain this year. Looking forward, the US PE landscape for 2024 and beyond will not only be marked by the presidential elections, but also the federal interest rate cut—two events that rarely take place concurrently. In this video, PitchBook Lead Analyst Tim Clarke discusses the factors behind this quarter’s activity following a sluggish start and the expected patterns in the private markets pre- and post-election. Get his perspective on: 🗳️ Historic effects of elections and federal rate cuts on M&A closings 📊 Current #PE buy-side activity 🔭 What’s next for the private markets Watch now: https://pitchb.co/QWZ8zW #MergersAndAcquisitions #Acquisitions #Fundraising

A growing market for #fertility services has PE investors eager for sizeable platform opportunities, but a consolidated market has some firms taking a new approach. They're shifting focus to ancillary assets—companies that support core fertility services. 🗞 Read more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, #PrivateEquity and M&A. Find it here 👇 

🚀 Our 2024 Sustainable Investment Survey report is now live! 🌿 This year, we dove into the ‘why’ and 'how' of sustainable investment strategies across various practitioners in today’s climate. Despite prevailing misconceptions around #ESG and Impact investing, our findings reveal a growing commitment to these frameworks. 📈 Key report highlights: 💡Our research showed a gap between perception and reality and more closely examined the misconception that Impact investing equates to concessionary returns. 💼 For the first time, we reported on private wealth segments, where respondents overwhelmingly said that the understanding of ESG varies widely across their clientele, making it difficult to have a uniform program. 🌏 How ESG and Impact investors are shifting their stance in response to current macroeconomic issues, geopolitics, and attacks on diversity. Join the conversation and discover how the sustainable investment ecosystem is evolving! 🔗 Download the report for more insights: https://pitchb.co/BOc0dh

A perfect day on the green in London! 🎉 Huge thanks to our clients for joining us—nothing like some friendly competition to strengthen great partnerships. We had fun and look forward to helping you win what’s next!

🚚 Funding for #AutonomousVehicles is again on the rise, and startups are looking for opportunities other than passenger cars. “Where are there unique business cases in which autonomous driving really solves something definitive?” asks PitchBook analyst  Jonathan Geurkink. Companies like Outrider, which is developing autonomous trucks that move shipping containers, are at the forefront of the integration of self-driving vehicles into the global #SupplyChain. 🗞 Learn more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, PE and M&A.

With its first interest rate cut in four years, the Fed is taking a relatively dramatic approach to its easing campaign, which should ramp up M&A dealmakers' appetite by lower businesses' borrowing costs Even so, it’s a far cry from the era of zero interest rates that supercharged the private markets and spurred a sustained bull run and a flurry of IPOs. 🗞 Learn more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, PE and M&A.

Last week, PitchBook sponsored the #PrivateDebt Summit at IPEM Paris 2024. We were excited to provide attendees with #data and insights on the evolving #VC and #credit markets. While there, we networked with LPs and GPs and hosted three informative sessions: 🔹 An overview of the credit market: Key trends in private credit and direct lending 🔹 A panel on direct lending in Europe: Discussion of the current direct lending landscape and whether demand will grow in 2025 🔹 A panel at the Venture and #Growth Summit: Opportunities and challenges in VC dealmaking—from #valuations to liquidity options and promising sectors Thank you to everyone who joined us and a big thank you to our speakers, Taron Wade, @FrancescaFicai, and Nalin Patel!

Glean doubled its valuation to $4.6 billion just seven months after its last round, underscoring the rapid valuation growth of #AI companies in today’s market. Glean isn't alone: Valuations are exploding, especially at the early stages. 🗞 Read more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of #VC, PE and M&A.   Find it here 👇

🏅 Sports have become a must-have asset class for #PrivateEquity, and the Paris #Olympics highlighted women’s sports as investment opportunities. As audiences grow and more female athletes become household names, PE money could follow the fame. Read more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, PE and M&A. Find it here 👇