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
2024
$547.8B
0.3% MoM
US-based PE’s Dry Powder as of
31-
May
In May
198
11.6% MoM
Total closed mid-market deals
$3.1B*
49.8% MoM
Total closed mid-market deal volume
~1.7 months
Average time to close deals
23
Total PE funds closed
PE MID-MARKET DEAL TRACKER
Deal Count
Deal Volume

No Data Found

No Data Found

Deal Counts by Sizes - May

No Data Found

35*
CAPITAL INVESTED BY INDUSTRY - May

No Data Found

$3.1B*
Notable deals in May
PIPE/$500.0M
Buyout/$350.0M
Growth/$250.0M
Buyout/$195.0M
*Denotes data for deals with disclosed values
TOP 10 PE FUNDS (BY SIZE) CLOSED IN May
Fund Name
Fund Size
Close Date
Silver Lake Partners VII
$20.5B
08-May-24
Vance Street Capital IV
$775.0M
08-May-24
HighVista Private Equity X
$675.6M
01-May-24
Entrepreneurial Equity Partners Fund II
$546.0M
23-May-24
Eir Partners Investment Program II
$496.0M
21-May-24
Goldner Hawn Fund VIII
$364.0M
01-May-24
Palm Beach Capital Fund VI
$350.0M
03-May-24
LCM Healthcare Fund II
$345.0M
02-May-24
Peterson Private Equity X
$265.0M
21-May-24
Equitable Prosperity Fund I
$171.0M
14-May-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
Bicycle I
$500.0M
14-Jun-23
Smith Point Capital Fund I
$300.0M - $400.0M
25-Apr-23
OneIM Fund I
-
18-Jan-23
Trident American Dreams Fund I
$250.0M
01-Sep-22

The total disclosed deal volume decreased by ~50% month-overmonth in May, with deals ranging from $10 million to $100 million contributing over 70%

In May, the B2B industry became the top recipient of capital, receiving approximately 37.7%, up from around 15.7%

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

May

2024 Commentary

In May, the private equity sector witnessed a drop in total disclosed deal volume, with a month-over-month decrease of around 50%. Most of these deals (over 70%) were in the $10 million to $100 million range with the B2B industry the leading beneficiary of capital investments, representing approx. 37.7% of the total.

Add-on activity continues to be the primary driver for overall deal volume, as more emphasis is placed on market consolidation and generating returns via operational improvements. Add-ons generally demand less leverage compared to platform investments, which indicates the impact of costlier and more challenging credit procurement.

On a related note, we have observed longer deal cycles leading to fewer mid-market transactions. Simultaneously, our clients have shown an increased interest in corporate development roles, often seeking our expertise throughout transaction lifecycles, specifically in post-merger integration. This pattern could signal heightened activity in 2025 as interest rates diminish.

With interest rates expected to decline in the latter half of 2024, there is likely to be a decrease in the low exit activity. Consequently, this ongoing trend has maintained a significant disparity between capital calls and distributions to investors.

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