Madeline Shi

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.

2 weeks ago | pitchbook.com | Madeline Shi |Jessica Hamlin

In the week since President Donald Trump placed reciprocal tariffs on dozens of countries, Hamilton Lane‘s phones have been ringing off the hook. “There’s been a ton of inbound conversations,” said Keith Brittain, who oversees the over $950 billion asset manager’s secondary business.

3 weeks ago | pitchbook.com | Madeline Shi

HarbourVest Partners, which oversees $143 billion in assets, announced Wednesday it’s launching an evergreen fund designed to provide access to private equity investments for US individual investors. The move by the giant private market fund manager is part of an industry-wide rush to tap into private wealth. This new vehicle, dubbed HarbourVest Private Investment Fund, will primarily invest in small to mid-market companies through co-investments and continuation funds.

3 weeks ago | pitchbook.com | Madeline Shi

Vanguard, the asset manager overseeing $10.5 trillion, has explored collaborating with Blackstone and Carlyle to offer private market products to individual investors, Bloomberg reported on Thursday. While the report noted the discussions are still preliminary, they reflect a broader trend of rising retail investor demand for alternative investments and growing efforts by private market managers to tap private wealth.

4 weeks ago | pitchbook.com | Madeline Shi

Private debt continues to grow in popularity, but it’s the larger funds reaping the rewards of this rising investor interest. In 2024, only 158 private debt funds closed globally—less than half the number from the previous year—according to PitchBook’s latest Global Private Debt Fundraising Report. This marked the fewest vehicles to reach a final close since 2011, when just 141 were closed.