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2 days ago | 
pitchbook.com | Emily Lai
European PE funds delivered the strongest performance globally in Q3 2024, the second quarter in a row, as they hit the highest return rate since Q2 2022. The rolling one-year IRR of European PE funds reached 14.1% in Q3 2024, up from 0.2% in the previous quarter, according to PitchBook’s latest Global Fund Performance Report. The EU funds outperformed North American PE funds, which saw a 10.5% one-year IRR in the period.
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1 week ago | 
pitchbook.com | Emily Lai
PE deal value in Japan in the first three months of the year is almost on par with the whole of 2024, thanks to just six mega-deals. Japanese PE saw $21.4 billion transacted across 55 deals in Q1, compared to $22.4 billion across 78 deals for the whole of 2024. The six mega-deals, each valued over $1 billion, accounted for $19.3 billion, or 90%, of the total deal value.
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1 week ago | 
pitchbook.com | Emily Lai
Turkey-based Dream Games, the mobile game developer behind the puzzle app Royal Match, has secured $2 billion from CVC Capital Partners and Blackstone in a near-record deal, creating an exit for its VC backers. The equity and debt deal values the company between $4 billion and $5 billion, according to The Financial Times.
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3 weeks ago | 
pitchbook.com | Emily Lai
Permira is closing its Hong Kong and Shanghai offices in the latest example of international investors pivoting away from China. The UK-based firm currently has five offices in APAC—Mumbai, Seoul and Singapore will remain after the Greater China offices close.
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3 weeks ago | 
pitchbook.com | Emily Lai
PE deal value for Europe’s financial services sector grew more than 20% year-on-year in Q1, with the past 12 months seeing a surge of investment in the industry. In the first three months of 2025, €7.8 billion (around $8.4 billion) was invested in financial services in Europe, compared to €6.4 billion during the same period a year ago. However, this was across just 101 deals—the lowest deal count since Q3 2021.
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4 weeks ago | 
pitchbook.com | Emily Lai
EQT expects market uncertainty to slow down exit activities, the firm said in its latest earnings call. The Swedish investment firm said on Wednesday that President Trump’s tariffs would not directly impact its portfolio companies, which mainly consist of businesses in healthcare, technology, software services and tech-enabled services. However, EQT expects its exit plans to slow down if volatility remains high, which will also impact the fundraising cycle.
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1 month ago | 
pitchbook.com | Emily Lai
With the launch of a new open-ended fund, Goldman Sachs Alternatives has joined a growing list of asset managers expanding their PE offering to private wealth investors. The new vehicle, named G-PE, will give investors access across the New York-based investment bank’s flagship strategies, including buyout, growth, secondaries and co-investment. The launch is part of a broader effort by the firm to expand qualified investors’ access to its $500 billion alternatives platform.
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1 month ago | 
pitchbook.com | Emily Lai
An entertainment sector-focused investment firm set up by ABBA star Björn Ulvaeus and EQT co-founder Conni Jonsson has reached a €1.2 billion (around $1.3 billion) close on its maiden fund, reaching its hard-cap. Pophouse Entertainment Group, raised an additional €200 million through dedicated co-investment vehicles. Pophouse acquires and develops entertainment brands with a focus on music catalogue investments.
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1 month ago | 
pitchbook.com | Emily Lai
EQT held a €21.5 billion (around $23.3 billion) final close for its latest infrastructure fund—the largest of its type to ever be raised in Europe. EQT Infrastructure VI, which beat its original €20 billion target to hit its hard cap, is 35% bigger than its predecessor, which closed on €15.7 billion in 2021. Existing LPs committed 70% of the total capital raised.
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2 months ago | 
pitchbook.com | Emily Lai
Diversity, equity and inclusion is entering a tough new era. Not long after US President Donald Trump issued an executive order ending affirmative action for federal contractors, banks including Morgan Stanley, JPMorgan and Citigroup have started rolling back their DEI initiatives to avoid possible litigation. Private markets are not exempt. BlackRock recently removed references to DEI in its annual report as it faces a changing legal landscape.
