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Strategic buyers are shaking up the PE exit landscape. In H1 2024, they spent $80.6 billion acquiring PE-owned assets, accounting for 57% of overall PE exit value. This trend is driven by cash-rich corporates making preemptive bids to avoid competitive auctions. What's behind this shift, and how is it impacting PE firms' exit strategies? Learn more about the dynamics at play and what it means for both strategic buyers and PE firms in today's market here: https://pitchb.co/Qe7UJn

Google's record $23 billion deal to acquire cybersecurity company Wiz has fallen apart, but the news isn't bringing VC #investing down—some expect the deal's collapse to jolt the #cybersecurity industry forward. 🗞️ Read more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, PE and M&A. Find it here 👇

UNDERSTAND EXPERIENCE, AT EVERY LEVEL Paul Santarelli, Chief Sales Officer at PitchBook, dropped some serious knowledge on Reveal: The Revenue Intelligence Podcast. Key Takeaways: - Leadership needs to grasp the experiences of every rep, client, and prospect to answer: Can we do this better? - Dive deep at all business levels. Understanding experiences isn't a top-down job—it's an all-hands mission. - Create open forums where ideas flow freely. And importantly, explain why you do—or don’t—run with them. Curious for more? Check out the full episode here: https://lnkd.in/gbcYP-bm

The rapid evolution of artificial intelligence is reshaping industries across the board, from creative arts to software development. While #AI's full potential is still unfolding, its impact on society is undeniable and far-reaching. Our data reveals a surge in AI funding, with investments reaching tens of billions of dollars in the first half of 2024 alone. Leveraging our comprehensive database, Bloomberg curated a list of 10 standout AI startups that are leading the pack in terms of size, influence, and #funding. These companies are at the forefront of AI innovation and are worth watching closely in the coming year. This curated selection, backed by PitchBook's robust #data and industry insights, provides a snapshot of the dynamic AI landscape and spotlights the key players shaping its future. Find the full list here: https://lnkd.in/gCeA6wjJ

🛩 Join Sarah, Senior Employee Engagement Manager here at PitchBook, on a work trip from Seattle to Mumbai! Sarah brings high-impact team building events to life at our company. This trip was an opportunity to expand that work and learn more about the impact of our Mumbai team members' operations. Each of our global offices has a distinct culture. Catch a glimpse of life in our Mumbai offices and experience PitchBook's culture with Sarah! #LifeAtPB

For newcomers seeking to raise venture capital, things are looking bleak. While global #VC fundraising is on track for its worst year since 2015, the pain isn’t being felt equally. 1️⃣ Emerging managers have captured only 23% of fund value year-to-date, a 10-year low as capital becomes more concentrated among experienced firms. In this environment of elevated interest rates and muted exits, LPs are prioritizing experience to an even greater degree. 2️⃣ 2024 has marked a record low in first-time fundraising activity, as 56 vehicles had their debut and raised $3.7 billion. Our data suggests that only 63% of VC newcomers manage to raise a second fund despite posting returns that outperform established managers. 3️⃣ Funding distribution is largely being skewed to a small cohort of larger funds exceeding $400 and $500 million while the rest of the ecosystem struggles, with VCs’ median capital raised falling to $24.8 million, its lowest point since 2016. The potential consequences of continued emerging managers pullback for the entire VC market could be far-reaching: greater competition between already cash-starved startups, regional schisms continuing to grow and an overall shrinkage of the VC ecosystem. Learn more here: https://pitchb.co/XdmGaX

Hear from a panel of experts about important trends in US venture capital in Q2 2024 at our upcoming PitchBook-NVCA Venture Monitor webinar. Each quarter, PitchBook partners with the National Venture Capital Association, to provide data-driven coverage of US #VC dealmaking, exit, and fundraising activity. Sponsored by J.P. Morgan, Dentons, Deloitte, and Juniper Square, our latest Venture Monitor highlights key takeaways from Q2 2024, including: 🔹 Early-stage VC deal value jumped by 56.9% QoQ, notching $16B in Q2��but the figure is buoyed by select outsized deals. 🔹 The pace of dealmaking remains sluggish, suggesting a flattening of deal activity. 🔹 2024 has a mere total of 35 public listings so far, and the lack of exits continues to weigh on LP liquidity constraints. 🔹 Fundraising activity remains diminished, with established firms commanding an advantage when securing LP commitments. Join PitchBook Analyst Kaidi Gao and our expert panel on August 1 to dive deeper into these and other findings from the Q2 2024 report. Register now to secure your spot: https://pitchb.co/06Gk8R

🌍 Our next installment of The Allocator’s Atlas will offer key private market insights based on PitchBook research with analysts Zane Carmean, CFA, CAIA, and Hilary Wiek, CFA, CAIA. The discussion will also examine fundraising and cash flow trends as well as fund performance data important to LP workflows. 💰 The discussion will also feature Brian Hoehn of ILPA, who will share SEC private fund development rules and ILPA's best practices for LPs, covering areas such as NAV loans and continuation funds. 💻 This is a specialized webinar series designed for LPs, where you’ll gain valuable insights and expert perspectives to effectively navigate your #investment strategies and portfolio management. 🎟 Reserve your spot today! https://pitchb.co/nqhuY1

The venture industry grew rapidly over the past decade, but now its size is a liability: It manages far more assets than the exit markets can currently absorb. 🗞 Learn more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of #VC, #PE and M&A.