Private Equity
Insights Dashboard

Our Private Equity Insights Dashboard is an up-to-date snapshot tailored specifically to provide essential data on the U.S. middle-market private equity space ($10M – $500M). Designed to deliver valuable insights and analysis, this dashboard will be updated monthly, allowing you to stay informed about market trends and make informed decisions throughout the year.

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PRIVATE EQUITY INSIGHTS DASHBOARD

Mid-Market U.S. Private Equity Data for May
2025
$688.1B
3.6% MoM
US-based PE’s Dry Powder as of
31-
May
In May
189
12.1% MoM
Total closed mid-market deals
$3.0B*
25.0% MoM
Total closed mid-market deal volume
~2.1 months
22.2 MoM
Average time to close deals
54
Total PE funds closed
PE MID-MARKET DEAL TRACKER
Deal Count
Deal Volume
Deal Counts by Sizes - May
29*
CAPITAL INVESTED BY INDUSTRY - May
$3.0B*
Notable deals in May
Growth/$500.0M
Buyout/$465.0M
PIPE/$250.0M
Growth/$236.0M
*Denotes data for deals with disclosed values
TOP 10 PE FUNDS (BY SIZE) CLOSED IN May
Fund Name
Fund Size
Close Date
Atlas Capital Resources V
$6.45B
05-May-2025
Apollo S3 Equity and Hybrid Solutions Fund I
$5.40B
01-May-2025
Shenzhen CGN Yuanhang Guidance Fund
$3.45B
22-May-2025
Inflexion Continuation Fund I
$3.05B
16-May-2025
BentallGreenOak Asia IV
$2.69B
28-May-2025
Mainsail Partners VII
$1.53B
07-May-2025
Quadria Capital Fund III
$1.07B
26-May-2025
VMG Partners VI
$1.00B
13-May-2025
NewQuest Asia Fund V
$0.98B
19-May-2025
Gyrus Capital Continuation Fund
$0.78B
01-May-2025
RECENT FIRST-TIME PE FUND MANAGERS WITH TARGET FUND SIZES
Fund Name
Fund Size
Open Date
Africa Decarbonisation Fund I
$100.0M - $150.0M
15-Apr-2025
New Catalyst Strategic Partners Fund I
$750.0M
17-Jan-2025
AIIP Fund
$75.0M
10-Jan-2025
Northampton Capital Partners Fund
-
01-Nov-2024
Invidia Curie Fund I
$850.0M
30-Oct-2024

The total disclosed deal volume dropped month-over-month in May; deals ranging from $10 million to $100 million accounted for ~66% of the disclosed volume

In May, the IT industry was the top recipient of capital, receiving ~28%, up from around 14% in the previous month

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

May

2025 Commentary

The May mid-market private equity dashboard shows a third consecutive month of declining deal activity, with a 12% drop in deal numbers and a 25% decrease in volume. The $10M to $100M range accounted for ~66% of volume, highlighting mid-market resilience. Dry powder slightly increased, indicating available capital.

Cautious sentiment, driven by macroeconomic uncertainties and rising interest rates, suggests firms may focus on smaller, high-quality mid-market deals, particularly in technology and healthcare. Over the next few months, persistent volatility could further suppress volumes, but stabilizing conditions may trigger a rebound, leveraging dry powder to meet pent-up demand.

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