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| The Daily Pitch: VC, PE and M&A |
| June 19, 2025 |
| The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data |
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| Europe's surging continuation funds raise caution on asset quality |
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| (VAWiley/Getty Images) |
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Continuation funds are on the rise in Europe, with €5.3 billion (around $6.1 billion) raised so far this year—already two-thirds of 2024's total. But as GP-led secondaries boom, experts caution about asset quality and GP-LP alignment.
As the asset class matures, discipline, transparency and rigorous asset selection are some considerations for best practices that industry veterans suggest. |
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| Ranking the most active lenders in PE |
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| (Yuichiro Chino/Getty Images) |
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Nine lenders took part in at least 50 deals each for US PE-backed companies in the first quarter, with the most active three recording at least 70 apiece.
Which firms made the leaderboard? See our Q1 2025 PE Lending League Tables, sponsored by TPG Twin Brook Capital Partners. The interactive tables can be sorted by geography, deal type, sector and more. |
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| A message from the American Investment Council |
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| PE backing American workers |
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Given its potential for strong returns, PE investment can bring a host of benefits to a wide array of stakeholders, from company employees to investors in PE funds. However, the extent to which PE backing can help employees of portfolio companies is underappreciated. The latest report from the American Investment Council explores multiple case studies and related market datasets to reveal key insights, including:
- How PE-backed portfolio companies invest in training to improve employee retention and career growth.
- The role of PE growth investment, which set a record with $122.8 billion in deal value last year, in accelerating technological improvements for middle-market enterprises.
- Multiple examples of PE funds expanding company ownership and facilitating life-changing payouts to employees.
Read it now |
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| Women's sports are a PE growth play |
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| Angel Reese of the Chicago Sky handles the ball against Alyssa Thomas of the Phoenix Mercury. (Christian Petersen/Getty Images) |
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The WNBA shattered viewership records this season, and merchandise sales surged 236% year-over-year. For private market investors, the combination of fast-growing fan engagement and comparatively low valuations makes women's pro sports an increasingly attractive frontier.
"The messaging amongst our clients has been 'get in now,' " said one lawyer who advises PE sponsors. |
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| Charting healthcare fund manager performance |
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