Share of PE IRR distribution by TEV size bucket (weighted by invested capital) Download PitchBook’s Report here. Source: SPI by StepStone / Geography: US / As of December 31, 2025 Pooled IRRs for recent middle-market vintages have compressed alongside the broader cycle. The 2021 vintage stands at 13% pooled and the 2022 vintage at 11.5%…. Subscribe
Share of PE middle-market exit value by type Download PitchBook’s Report here. Middle-market exit activity carried through into 2026, with a Q1 total exit value of $32 billion across 218 transactions, up 14% and 1.5% YoY, respectively…. Subscribe to Read MoreAlready a member? Log in here...
US PE middle-market deal activity by quarter Download PitchBook’s Report here. The middle market got off to its strongest start since 2021, even as its share of PE deal value dropped to the lowest level on record…. Subscribe to Read MoreAlready a member? Log in here...
Middle-market and megafund PE IRR dispersion (vintage years 2018-2021) Download PitchBook’s Report here. For much of the past two decades, PE delivered a consistent premium over public markets that justified its illiquidity and fee load—a proposition that is now under pressure…. Subscribe to Read MoreAlready a member? Log in here...
PE AUM forecast ($T) Download PitchBook’s Report here. By the end of 2030, we forecast global PE AUM to reach $8.8 trillion in our base case, with a plausible range of $7.6 trillion in our downside case to $10.2 trillion in our upside case…. Subscribe to Read MoreAlready a member? Log in here...
Specialist versus generalist PE capital raised ($B) Download PitchBook’s Report here. Fundraising consolidation is here to stay, and it will change the way managers go about raising new funds in the coming years…. Subscribe to Read MoreAlready a member? Log in here...
Continuation-fund-related exit count Download PitchBook’s Report here. For Q1 2026, we tracked 38 exits through continuation funds totaling $10.8 billion when including estimates for nondisclosed transactions…. Subscribe to Read MoreAlready a member? Log in here...
PE exit activity by quarter Download PitchBook’s Report here. US PE exit activity pulled back in Q1 2026, as the many headwinds made it difficult to maintain the momentum seen in H2 2025…. Subscribe to Read MoreAlready a member? Log in here...
Interval and tender offer fund net flows ($B) by strategy Download PitchBook’s Report here. Evergreen fund assets essentially doubled from 2022 to 2025. Except for real estate, growth was broad-based across all other strategies…. Subscribe to Read MoreAlready a member? Log in here...
US PE EV/EBITDA multiples Download PitchBook’s Report here. Global buyout valuations have held steady through the opening months of 2026, with TTM EV/EBITDA multiples hovering near the levels seen during 2024’s recovery and 2025’s subsequent plateau…. Subscribe to Read MoreAlready a member? Log in here...