PRIVATE EQUITY INSIGHTS DASHBOARD

Mid-Market U.S. Private Equity Data for March
2024
$556.1B
US-based PE’s Dry Powder as of
31-
March
In March
166
15% MoM
Total closed mid-market deals
$2.9B*
40% MoM
Total closed mid-market deal volume
~1.3 months
Average time to close deals
26
Total PE funds closed
PE MID-MARKET DEAL TRACKER
Deal Count
Deal Volume

No Data Found

No Data Found

Deal Counts by Sizes - March

No Data Found

33*
CAPITAL INVESTED BY INDUSTRY - March

No Data Found

$2.9B*
Notable deals in March
Buyout/$450.0M
PIPE/$422.5M
PIPE/$251.2M
Growth/$250.0M
*Denotes data for deals with disclosed values
TOP 10 PE FUNDS (BY SIZE) CLOSED IN March
Fund Name
Fund Size
Close Date
Hunter Point Capital Fund
$3.3B
29-Mar-24
Wind Point Partners X
$2.3B
13-Mar-24
Valor Equity partners VI
$2.2B
06-Mar-24
Percheron Capital Fund II
$1.6B
27-Mar-24
Avista Healthcare Partners VI
$1.5B
01-Mar-24
Gauge Capital IV
$1.4B
11-Mar-24
Rubicon Fund II
$1.2B
07-Mar-24
Riverarch Equity Partners IV
$1.0B
05-Mar-24
Wellspring Multi-asset Continuation Fund
$975.0M
27-Mar-24
Capitol Meridian Fund I
$900.0M
04-Mar-24
RECENT FIRST-TIME PE FUND MANAGERS WITH TARGET FUND SIZES
Fund Name
Fund Size
Open Date
Allied Climate Partners Catalytic Core Fund
-
20-Dec-23
Overland Capital Partners Japan
$2.0B
22-Jun-23
Bicycle I
$500.0M
14-Jun-23
OneIM Fund I
-
18-Jan-23
Trident American Dreams Fund I
$250.0M
01-Sep-22

The total disclosed deal volume in March dropped by ~40%, whereas the deal count reduced by 18% MoM

Healthcare industry was the top recipient (~40%) of capital from PE funds in March, as compared to 20% in the previous month

Source: PitchBook Data, Inc. and other publicly available data. Data has not been reviewed by PitchBook analysts.

March

2024 Commentary

In these times of economic recalibration, where mid-market deal volume has reached a 12-month nadir, this data confirms the industry’s refocused efforts on value creation. This is driven by longer investment hold periods due to higher interest rate environments and multiple compression, resulting in a growing necessity to offset these effects with revenue growth and margin expansion.

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Source: PitchBook Data, Inc. and other publicly available data. Data has not been reviewed by PitchBook analysts.