PitchBook’s Post

Private markets in the EMEA region faced a tough road in 2024, but PitchBook analysts see signs of cautious optimism ahead. A rebound in European PE middle-market fundraising, a concentrated recovery in VC-backed IPOs, and record AI investment are just some of the predictions in this 2025 EMEA Private Capital Outlook.

PitchBook's Q1 2024 US VC Valuations Report has gone live. Key takeaways: 🔹 At the median, top-line valuations showed a QoQ uptick across all stages. However, those topline figures are not much higher than these companies’ previous valuations. Median Q1 early-stage and late-stage valuation step-ups were either flat or down. 🔹 AI continues to drive investment figures. 🔹 Exit step-ups are low. There remains a large disconnect between public and private valuations. 🔹 Secondary data shows that shares were trading at median and average discounts of 37% and 28%, respectively, showing the challenge of realizing sturdy returns. 🔹 The number of flat and down rounds as a proportion of all VC deals expanded consistently since Q1 2022 on a QoQ basis, notching 27.4% in Q1 2024—the highest level in a decade. Shout out to Kyle Stanford, CAIA for co-writing the analysis and Collin Anderson for data. 🔗 Access the (free) report here: https://lnkd.in/gQaiZ6du

Excellent research piece from pitchbook charting long-term growth trends for VC as well as thoughts on the impact of interest-rate cuts on IPOs, exits, secondaries, funding and more Well worth a read!

The hardest part about raising capital is getting through the noise from experts who are trying to sell you something. List of VC investors. Pitch deck templates. Pitch events. Advice on how to tweak you deck for investors. Webinars. SAFE Agreement templates. You spend so much time and money getting ready to pitch you having nothing left to actually raise capital. No one tells you before hand that: 90% of companies fail. 5 out of 10,000 companies get VC money 0.05%. Investors only spend 90 seconds looking at a deck. SAFE Agreements are securities and require an SEC exemption. What are you doing instead of raising capital? #capitalraising #crowdfundingsuccess #pitchdecks #pitchevents #privateplacements #startupadvice #founders

Accelerate capital deployment in private markets with Link for PitchBook from InvestorFlow 🚀 Link for PitchBook automates the delivery of key information about target companies directly into InvestorFlow, enhancing your ability to make swift and informed investment decisions. Here's how this feature helps: ▪️Seamless Integration: Easily incorporate PitchBook attributes into your workflow to monitor target lists and spot new investment opportunities. ▪️In-Depth Analysis: Review funding history, evaluate current and past investors, and assess revenue growth for comprehensive insights. ▪️Enhanced Engagement: Create enriched tear sheets to engage more effectively with target acquisitions. Maximize your firm's relationships and dramatically speed up your decision-making process. Learn more or request a demo here: https://lnkd.in/eNnpAbBN #PrivateMarkets #CapitalDeployment #VentureCapital #PrivateEquity 

🎁 Here's another one from the PitchBook's Institutional Research Group 2025 Outlooks on the #PrivateEquity market in 2025, together with Tim Clarke, Garrett Hinds, Jinny Choi and Kyle Walters 🔷 What's projected for the share of cumulative capital raised for private debt funds for the top 10 managers? 🔷 How will PE-backed IPOs perform in US IPO capitals? 🔷 What's happening with GPs struggling to wind down PE funds with older vintages that enter their harvesting stage? 🔷 Projections for annual fundraising in PE With PitchBook, you not only get access to curated industry insights and the granular data behind them but also the opportunity to tap into the minds behind these reports! Book an appointment, drop an in-mail and we can chat more!

Kee Tilghman Rabb of Apogem Capital, a leading private equity and private credit investor focused on the middle market, sat down with Super Investor’s Emma Walden to discuss the evolution of emerging manager programs in the U.S. and Europe. Kee offers her perspective on how emerging managers have been most successful in establishing themselves within the broader private equity community. Watch the full discussion: https://bit.ly/4isfBVE #SuperInvestor | #PrivateEquity | #AlternativeInvestments | #EmergingManagers

How do VCs make decisions? 🧐 This 64-page study by Paul Gompers, Will Gornall, Steven Kaplan, and Ilya Strebulaev is a must-read for VCs. Based on surveys of 850+ VCs at 681 firms, it breaks down decision-making across key areas: - Deal sourcing and investment selection - Valuation and deal structuring - Post-investment value-add and exits - Internal organization and LP relationships Packed with insights like why team quality trumps product or market, and how deal selection drives returns more than post-investment efforts, this is essential for sharpening your edge as a VC. #VentureCapital #InvestorInsights #VCBestPractices

💡 Curious about private equity? Platform acquisition strategies are essential for serious business growth. Whether you’re a beginner or a seasoned pro, mastering these strategies can fast-track your success and set you apart in the boardroom. At the Boardroom Blueprint Workshop, we’ll delve into the intricacies of these strategies, providing you with valuable insights to enhance your boardroom game. Are you ready to elevate your knowledge and take your skills to the next level? 🚀 Join us at the workshop and unlock the potential of platform acquisition: https://lnkd.in/gmarGWZw  💼 #PrivateEquity #BoardroomGrowth #BusinessAcquisition

Excited to partner with PitchBook on their Q1 2024 US VC Valuations report. In this report, we delve into the US dynamic landscape of venture capital, uncovering trends, challenges, and opportunities shaping the industry. One key highlight from the report: Zanbato's data reveals that shares in the secondary markets are trading at median and average discounts of 37% and 28%, respectively, versus last round. However, the decrease in bid-ask spread suggests improved liquidity for the asset class. Link to the full report: https://lnkd.in/ePaW7xXK