PitchBook

Traditional sports like soccer still dominate the #PrivateEquity investment narrative, but in recent years, lesser-known sports have captured interest, too. Volleyball is one of several up-and-coming #sports to attract private capital in recent years. Another is padel, a racket sport that originated in Mexico and has taken hold in Spain. Passionate fans and the allure of getting in on the ground floor are driving investment, and overall, more than $10 billion has been deployed in the sports category this year as investors capitalize on the intersection of live events and intellectual property. ?? 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.

This week, PitchBook is a sponsor at SuperInvestor in Monaco. Dylan Cox, CFA , PitchBook’s Head of Private Markets Research, delivered a keynote session on navigating the liquidity drought ?? . #PE #VC #PrivateMarkets

After a 34.7% peak-to-trough decline in 2022 –23, the global #M&A market has seen a significant recovery year, propelled by corporate M&A and a recent resurgence of #PE activity. This upward trend in activity, beginning in Q4 2023, has been characterized by: ? 27.6% deal value ? 13.3% YoY deal count ? Easing borrowing rates Bolstered by increased lending activity from central banks, the M&A market shows significant promise—but can it maintain this momentum after nearly a year of growth? Discover new insights on the future of M&A in the new report from our industry experts: https://pitchb.co/CSo3nY

?? Exciting news! We’ve partnered several new providers, including HSBC, to bring third-party equity research into the PitchBook Platform. Users can now access even more institutional-grade research spanning both private and public markets—all in one place. ?? With HSBC’s global research, users can access in-depth insights on public companies, industries, and sectors across the United States, Asia-Pacific, Europe, the Middle East, Africa, and Latin America. Paired with our actionable, data-driven market research, users can better navigate complexity across the full investment cycle, contextualize market trends, and identify investment opportunities. Learn more with our press release: https://pitchb.co/8ZcQI4

Demand for #PetCare has cooled from the pandemic-induced puppy frenzy. But at least one venture capital firm sees a value-hunting opportunity in the downturn. Vetted Capital GPs Charles Tapp and Aaron Wallace are banking that their backgrounds in pet food and veterinary care, as well as a resurgence in consumer pet spending, can boost their long-term returns. ?? 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.

According to PitchBook data, the rate of distributions as a proportion of venture market NAV has fallen as low as during the 2009 global financial crisis—will further rate cuts by the Fed be the jumpstart the VC market needs? Register for our upcoming webinar and join experts from PitchBook, our report partner @National Venture Capital Association, and sponsors @J.P. Morgan, @Dentons, and @Deloitte as we discuss findings from our brand-new report, Q3 2024 PitchBook-NVCA Venture Monitor. Key topics: ?? Factors influencing the high amount of capital still being deployed ?? How the lack of distributions has shifted LP perception of venture ?? Areas outside of AI generating high investor interest and market demand ?? The outlook for private unicorns without a quality market for public listings Save your seat now!: https://spr.ly/6046q2vrm

Our Q3 2024 US #PE Breakdown report examines how historical interest rate policies and US presidential elections dating back to 2012 have impacted the industry. ?? If historical patterns repeat, we can anticipate a surge in #economic activity after the election, particularly in December. Additionally, expectations of a third interest rate cut at the year's final Federal Open Market Committee meeting could further stimulate economic growth. ??These factors bode well for private equity dealmakers in the fourth quarter of 2024. ?? Access more timely, institutional-grade private market research—complete with direct access to our analysts—by exploring PitchBook Research. For more insights on the current state of US PE, read our report: https://pitchb.co/ZEk9Tf

Which areas of European VC are driving 2024’s resurgence? In our upcoming webinar, our experts will unpack the market trends, IPO windows, and unicorn valuations covered in the Q3 2024 European Venture Report, sponsored by J.P. Morgan. Key topics: ?? Latest trends for deals, exits and fundraising activity ?? The outlook for the European unicorn and IPO markets ?? Signs of strength and recovery in 2024 deal activity ?? Limited signs of recovery in VC exits ?? The state of fundraising Register now to save your seat and download the report to dig into all the latest insights from our experts: https://pitchb.co/X6RZhF

??How are misconceptions about ESG and impact affecting broader understanding? ?? In our upcoming webinar, Hilary Wiek, CFA, CAIA, Senior Strategist at PitchBook, Anikka Villegas, Senior Analyst, Fund Strategies & Sustainable Investing at PitchBook, and Matt Schey, ILPA's Managing Director of External Affairs and Sustainable Investing, will share key findings from our 2024 Sustainable Investment Survey and spotlight current trends in the ecosystem. ?? This year, our survey probed into the perception that impact implies concessionary returns. We also explored contrasting views of LPs and asset managers and how practitioners have shifted their stance in response to macroeconomic issues, geopolitics, and DEI. ??? Reserve your spot here: https://pitchb.co/su24QA In addition to ESG and impact, PitchBook Research helps our customers navigate complexity across the entire investment cycle, contextualize sustained trends, and identify investment opportunities.

More VC firms than ever are becoming zombies. That means that 25% of the #VC investors active last year have paused new investments, and the number of unique #investors this year is the lowest in a decade. The decline signals that a significant consolidation of the venture market is underway. ?? 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???