| |
We're updating how we send email. Look for our new news-noreply@news.pitchbook.com address, and add us to your safe senders list.
Check out our FAQ for details. | | | | | |
| |
| In today's Daily Pitch, you'll find: | | | | | |
| |
| |
| What do down rounds really mean for companies? | | The swift decline of the public markets has left many private startups with extended valuations and no exit opportunities in sight. In such an inhospitable market, many companies will be coming face-to-face with down rounds. But what do down rounds really mean for founders and investors in the long run?
Our recent analyst note dives into the data on post-down round exits, difficult IPO markets and investment returns to determine what's in store for companies taking down rounds in the current market. Key takeaways include: - Just 13% of companies raising a down round from 2008 to 2014 were unable to raise a new round or exit immediately after the down-valuation investment.
- The majority of down rounds occur at the late stage, where there is ample room to adjust valuations that have grown enormously over the past decade.
| | | | | | | | | Charting private debt fundraising trends | |  | | (StacieStauffSmith Photos/Shutterstock) | | | Global private debt fundraising has slowed down slightly this year, tailing off from last year's record-setting pace.
In the first six months of 2022, 66 private debt funds raised a total of $82 billion—compared with the roughly $93 billion collected across 130 vehicles in the same period a year ago, according to our recent Global Private Debt Report.
Direct lending, the largest private debt category, represented over a third of capital raised in the first six months of this year. Other strategies—in particular credit special-situations and real-estate debt—also received strong investor interest during that period. | | | | | | | |
| |
| A message from Apex Group | | |
| 79% of PE firms are using third-party providers–find out why | | More and more fund managers are turning to trusted partners to fulfil their growth ambitions in 2022 and beyond.
The key factors of any firm with portfolio diversification and global investment strategies are directly influenced by these core requirements right now and in the future: - Human resource needs
- Complex regulations
- Data security
- Technology management
- Investor scrutiny
- Sustainable investment strategies
This eBook describes how outsourcing to a single-source partner will allow private equity firms to maximize growth and investor returns, reduce costs and risk, and effectively manage global regulations and data security.
To find out more about the benefits and savings that Apex Group's single-source solution can provide, download the Outsourcing eBook on the Apex Group website here. | | | | | | | |
| |
| Market Map: Economic volatility reshapes the outlook for AI & ML | |  | | (Jenna O'Malley/PitchBook News) | | | Ongoing economic turbulence has changed outlooks on AI and machine learning's growth.
Cloud computing costs are coming under scrutiny, and general economic volatility is favoring startups that prioritize efficiency over those that focus on model accuracy and complexity.
Explore our AI and machine learning market map to see where investors are putting their money. | | | | | | | | | | Companies routinely destroy millions of used hard drives in the name of data security—but industry insiders say they could be reused instead. [Financial Times]
A new macroeconomic era is emerging. What will it look like? [The Economist]
Hopes of a sustainable recovery for San Francisco's economy are being dragged down by a glut of unused office space, accelerating tech layoffs and a downturn in VC investment. [San Francisco Chronical] | | | | | |
| |
| |
| | Since yesterday, the PitchBook Platform added: | | 636 Deals | 2097 People | 624 Companies | 23 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2017 Vintage Global Real Estate Funds | | | | | | |
| |
| |
| |
| Adams Street picks new global head of fund investments | | | Adams Street Partners has promoted Brijesh Jeevarathnam to global head of fund investments. Jeevarathnam, who will also join the firm's executive committee as part of the new role, started as a partner in primary investments for Adams Street in 2016. | | | | | |
| |
| |
| Altana Technologies banks $100M | | | | | | | | Electra picks up $85M to decarbonize iron | | | | | | | | Alkymi raises $21M Series A | | | Alkymi has raised $21 million in a round led by Intel Capital. Based in New York, the company is the developer of a workflow automation platform designed to manage unstructured data. | | | | | | | Mithril Capital leads $17.5M round for Genetesis | | | Genetesis has raised a $17.5 million Series A led by Mithril Capital. The company's biomagnetic imaging technology diagnoses cardiovascular dysfunction. | | | | | | | Revelio Labs secures $15M | | | | | | | | | | Gather AI, a developer of supply chain robotics designed to help warehouse operators manage inventory, raised a $10 million Series A financing round led by Tribeca Venture Partners. | | | | | |
| |
| |
| Owl Rock leads $401M convertible note round for Arctic Wolf | | | | | | | | Apollo, Sixth Street end financing talks for Musk's Twitter deal | | | Apollo Global Management and Sixth Street have ended talks to provide financing for Elon Musk's proposed $44 billion Twitter takeover, Reuters reported. Apollo and Sixth Street, alongside other investors, had been weighing a deal to provide over $1 billion in financing. | | | | | | | Alpine teams up with Ethisphere | | | | | | | | CenterOak lands Palmetto Exterminators | | | | | | | | KKR acquires Boasso Global | | | KKR has acquired Boasso Global, a provider of depot, maintenance, cleaning and transportation services for the tank container industry, from Apax Funds. Boasso Global serves customers in North America and Europe. | | | | | | | Greenbelt leads investment in Unirac | | | Greenbelt Capital Partners has led an investment in Unirac, an Albuquerque-based designer and manufacturer of solar mounting solutions serving residential, commercial and industrial markets. | | | | | |
| |
| |
| |
| Tiger Global eyes $6B fund | | | Tiger Global plans to raise $6 billion for its 15th fund focused on private technology companies, according to reports. | | | | | |
| |
| |
| |
| |
.jpg)
No comments:
Post a Comment