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1 week ago | 
pitchbook.com | Janelle Bradley |Madeline Shi
Intel will sell a 51% stake in its Altera business to Silver Lake, valuing the programmable chip developer at $8.75 billion, or about half what the semiconductor giant paid for the business in 2015. And yet, the transaction represents the largest PE-backed carveout in North America in the past five years, according to Garrett Hinds, PitchBook’s senior private equity analyst.
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1 week ago | 
pitchbook.com | Janelle Bradley
As tariffs continue to generate uncertainty across markets, private equity sponsors with exposure to global supply chains are in a state of strategic vigilance, actively reconfiguring their playbooks. As of Friday, China has raised tariffs on US goods to 125% after the US imposed an effective rate of 145% on Chinese goods and paused reciprocal tariffs to other nations.
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3 weeks ago | 
pitchbook.com | Janelle Bradley
As 2025 has thus far failed to deliver a surge in exits and liquidity that many had hoped for, perpetual capital strategies have gained traction among the largest publicly traded asset managers, ensuring consistent cash flow from insurance and retail investor channels. At the end of 2024, private equity’s portfolio reached nearly 12,000 companies, with over 35% needing to be realized soon, according to PitchBook’s 2024 Annual US PE Breakdown.
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1 month ago | 
pitchbook.com | Janelle Bradley
Sixth Street has acquired a 10% stake in the San Francisco Giants, marking the latest private equity move into Major League Baseball ownership. The strategic investment will assist in paying for stadium upgrades and other facilities, including a neighboring real estate development, The New York Times reported.
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1 month ago | 
pitchbook.com | Janelle Bradley
Blackstone agreed to acquire Safe Harbor Marinas in a $5.65 billion all-cash deal as the asset manager banks on a recession-resistant industry. Safe Harbor Marinas, which was acquired by the real estate investment trust Sun Communities for $2 billion in 2020, manages 138 marinas across the U.S. and Puerto Rico and provides maintenance services for superyachts.
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2 months ago | 
pitchbook.com | Janelle Bradley
Herc Holdings has agreed to acquire H&E Equipment Services for $5.3 billion including debt, beating out market leader United Rentals, which had a prior agreement to acquire the Lousiana-based target company. Herc, which supplies aerial, earthmoving, material handling, trucks and trailers and other equipment for rent, managed to win the fourth largest player in an industry mainly populated by mom-and-pop businesses.
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2 months ago | 
pitchbook.com | Janelle Bradley
Apollo Global Management continues to broaden its credit business with significant fundraising efforts for third-party credit vehicles. Despite a slight dip at the end of Q4, credit remains the firm’s primary growth driver of the $19 billion in AUM inflows over the period. President Jim Zelter confirmed in Apollo’s earnings call Tuesday that credit-oriented strategies fueled the majority of its efforts, accounting for nearly 80% of third-party capital raised.
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2 months ago | 
pitchbook.com | Janelle Bradley
A private equity duo from Madison Dearborn Partners has launched a new firm to cash in on the booming secondaries market. Scott Pasquini and Mark Tresnowski have launched secondary investment firm Orchard Investment Partners in Chicago. The firm is on the market looking for around $200 million with its inaugural fund, Orchard Investment Partners Fund I, according to an SEC filing.
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2 months ago | 
pitchbook.com | Janelle Bradley
Blackstone deployed $134 billion in 2024, an 81% annual increase, helping it push its AUM to $1.13 trillion by Q4’s end. The uptick in activity comes amid a broader market increase in deal activity, according to PitchBook’s 2024 Annual Global M&A Report.
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2 months ago | 
pitchbook.com | Janelle Bradley
Financial services M&A had its best year since 2021, with asset manager consolidation and insurance transactions driving deal value. According to PitchBook’s 2024 Annual Global M&A Report, the financial services sector logged 8.8% year-over-year growth in total deal count and a 43% rise in deal value. One dynamic impacting the tally is the work by financial sponsors to expand their offerings by targeting insurance companies and investment managers.
