PitchBook
The 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…
Read MoreWhat do LPs want?
Download PitchBook’s Report here. Do they know you, and how much do you cost? Those are the two most important factors…
Read MoreWhy are SBOs more expensive?
Download PitchBook’s Report here. Secondary buyouts have transacted at a premium versus non-SBOs since the financial crisis. That’s somewhat surprising; one…
Read MoreLeon Black sounds the alarm
Apollo’s Leon Black made a few waves this week, warning that “the credit markets, unlike the equity markets, have gone…
Read MorePE carveouts on the rise
Download PitchBook’s Report here. Activists, shareholders and corporate boards are all increasingly vocal about focusing on core investments, which often translates…
Read MoreIs the middle market at an inflection point?
Download PitchBook’s Report here. Much has been said on the consistent strength of the US middle market—much of it by us.…
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