| |
| In today's Daily Pitch, you'll find: | | | | | |
| |
| |
| PE trends to watch in 2024 | | This year has been characterized by a slowdown in dealmaking and fundraising. In our US Private Equity Outlook, PitchBook analysts share expectations for the PE market in 2024.
There is likely to be a substantial amount of new continuation funds as PE managers navigate a challenging exit landscape. Fundraising overall may slide in the face of slower distributions. There will be a silver lining, however. Technology-focused funds are expected to outperform their generalist peers as the sector is buoyed by its resilient fundamentals and improving company valuations. | | | | | | | | | Leaders and laggards: How startup verticals fared in 2023 | |  | | (Ratana21/Getty Images) | | | Did things go from bad to worse for startups in 2023?
Deal metrics in the most prominent VC sectors certainly make it look that way. We examined how 12 verticals fared in 2023 in terms of deal value, deal count and valuations.
These were the weakest and most resilient tech sectors. | | | | | | | |
| |
| |
| Transaction Trends: Rising rates and borrower costs | | In the current issue of Transaction Trends, BMO Sponsor Finance explores the impact of rising interest rates on revolver utilization and debt service costs for borrowers. It also takes a look at the early childhood education sector, including the attributes looked for when evaluating deals in this industry.
To learn more, download the full issue of Transaction Trends. You can also contact Patty Weitzman, BMO Commercial Bank's Head of Financial, at patricia.weitzman@bmo.com. | | | | | | | |
| |
| Industrial tech's promising outlook | | What does 2024 hold for industrial tech? Our latest Emerging Technology Research looks ahead to what could be in store for verticals like agtech, clean energy and more.
Will drone delivery find mass adoption? Will robots be commonplace on every farm? Our Industrial Technology Outlook predicts what the future could hold, guided by PitchBook analysts. | | | | | | | | | PE's software surge is just beginning | |  | | (Shulz/Getty Images) | | | A pickup in PE-backed software deals is in the cards for 2024. While nowhere near the exceptional levels seen in 2021 and 2022, total global software PE deal count and value exceeded pre-pandemic levels in 2023, and the anticipated revival in deal activity speaks to the sustained profitability of the underlying portfolio companies.
"Software businesses have really good economic fundamentals, and that's something that's still intact," explained PitchBook senior PE analyst Garrett Hinds. | | | | | | | | | Navigating the ups, downs of NAV loans | | As fundraising slows and exits stagnate, PE fund managers are increasingly employing creative portfolio management strategies.
Net asset value loans, which are credit facilities secured against a fund, have become one of the financing tools filling the demand for liquidity. The NAV loan market is forecast to grow sixfold to $600 billion by 2030.
Our recent analyst note examines the growth of the NAV lending market and the pluses and minuses of such loans. | | | | | | | |
| |
| | Since yesterday, the PitchBook Platform added: | | 561 Deals | 1994 People | 686 Companies | 36 Funds | | | | | | |
| |
The Daily Benchmark:
2017 Vintage Global Secondaries Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Oaktree Capital Management closed its Special Situations Fund III and related vehicles on roughly $3 billion.
Boston-based Clearhaven Partners raised over $580 million for its Fund II, The Wall Street Journal reported.
EIB Global, the overseas investment arm of the European Investment Bank, agreed to invest up to $40 million in the second fund of Amicus Capital, a Bangalore-based firm investing in Indian small and medium-sized enterprises. | | | | | |
| |
| |
| |
| |
No comments:
Post a Comment