In February 2025, the total disclosed deal volume saw a 46% month-over-month (MoM) decline, with transactions ranging between $10 million and $100 million accounting for nearly 66% of the total. Despite the drop in deal volume, the IT industry continued to be the top recipient of private equity capital, securing 40% of total investments, though slightly lower than the 44% recorded in January.

Meanwhile, U.S.-based PE dry powder experienced a 13.3% MoM increase, indicating a growing reserve of unallocated capital. However, the average time to close deals saw a notable 32% MoM increase, suggesting a more cautious or complex deal-making environment.

A total of 38 private equity funds successfully closed during the month, reflecting continued activity in fundraising despite broader market fluctuations.