PitchBook
Acacia funds
Download PitchBook’s Report here. Acacia trees are those huge, canopy-like trees in Africa that giraffes feast on. It helps to be…
Read MoreAre IRRs inflated?
Download PitchBook’s Report here. It’s a slightly different question than asking whether IRRs are trustworthy in general. That debate has been…
Read MoreDownturn opportunities don’t last long
Bain & Company released its annual private equity report this week. It’s required reading for the industry every year. One…
Read MoreAre dry powder levels a concern?
Download PitchBook’s Report here. PE capital overhang levels reached $800 billion last year between North America and Europe. For perspective, the…
Read MoreBigger funds and lower margins
Download PitchBook’s Report here. Over 90% of 2018 vintage PE funds were larger than their predecessors. That’s the first time in…
Read MoreThe institutionalization of M&A
Download PitchBook’s Report here. Last week we highlighted the growing convergence of public and private multiples. For investors who dabble in…
Read MorePublic and private valuations are converging
Download PitchBook’s Report here. Middle-market PE multiples barely budged last year. We didn’t expect them to, and we don’t expect them…
Read MoreAnother record year for the middle market
Download PitchBook’s Report here. The US middle market had quite the year. Both volume and total value easily set records by…
Read MoreDrawdown speeds and fund returns
Download PitchBook’s Report here. US PE fundraising trended down in 2018. No surprise there—more than $200 billion was cumulatively raised in…
Read More2018: Almost a record
Download PitchBook’s Report here. Thanks to a massive Q4 to close out the year, 2018 came close to setting a new…
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