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Industry Research

PitchBook institutional research on global market volatility

PitchBook’s industry-leading research reports on market volatility driven by elevated interest rates, valuation markdowns and economic headwinds.

Since the start of 2022, PitchBook’s Institutional Research Group has provided unmatched analysis and expertise on global market volatility—through industry-leading reports, webinars and quantitative modeling.

Our analysts combine independent and original market research with best-in-class financial data to help clients capitalize on opportunities and navigate uncertain market conditions throughout the entire investment and due diligence workflow.

Private equity growth, buyout, and venture capital funds have dominated the fund performance rankings over the long term—however, it remains to be seen whether they can outperform other private market strategies during a period of extensive monetary tightening. We’ve curated relevant research addressing how private capital market dealmakers are navigating market volatility.

Check out our PitchBook Institutional Research reports on everything you need to know about the global capital markets in this rapidly evolving environment.

November 22, 2022

Quantitative Perspectives: When the Tide Goes Out 

PitchBook's Q4 Quantitative Perspectives report explores the implications of recent economic shifts and tougher financing conditions on PE dealmaking. With higher short-term interest rates, inflation, and tightening monetary regulations, our quantitative model predicts a 65% chance of a recession in the coming months.

Check out the report for key insights into how PE dealmakers are navigating market volatility and preparing for potential recession.

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October 24, 2022

Global M&A Report

PitchBook's Global M&A Report highlights the influence of rising central bank interest rates, declining tech and healthcare stocks, and a weakened Euro on global deals. Activity plummeted nearly 30% in Q3 from 2021's peak.

Learn more about the effects of market volatility on M&A and deal multiples across geographies in our report.

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October 12, 2022

PitchBook-NVCA Venture Monitor

The latest Venture Monitor offers a comprehensive look at macroeconomic trends, VC dealmaking, exits, fundraising and valuations for Q3 2022. The report features changes in a less resilient, yet historically strong, venture landscape subject to a challenging economic backdrop.

Download the full report for more insights on the current state of venture and what may be on the horizon for the remainder of the year.

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November 7, 2022

US VC Valuations Report

An in-depth look at how the US VC exit halt has affected valuations across investment stages and sectors. Poor performance of formerly VC-backed public companies and prolonged market volatility has put downward pressure on VC valuations and slowed dealmaking. This report examines the precipitous drop in public listings and provides insights behind slumping median and average late-stage VC valuations

Learn more about important valuation trends in Q3 2022 at the link.

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November 28, 2022

Emerging Tech Indicator

Q3's Emerging Tech Indicator (ETI) showed a continued downward trend in deal value for the third consecutive quarter. Acting as a silver lining, however, large deal counts have returned to normal levels, and ETI deal value has stabilized with 10 deals of $100 million or larger.

PitchBook's quarterly ETI report tracks startups and developing technologies primed for VC funding across Web3, DeFi, biotech and fintech sectors.

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October 11, 2022

US PE Breakdown

Private equity activity in 2022's third quarter declined by more than 20% across M&A, growth equity and recap deals, primarily due to ascending interest rates. However, the slowdown may be a natural reset for the space following the breakneck pace of dealmaking in 2021.

View the report for more data-driven insights on the US private equity landscape.

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November 8, 2022

Global Fund Performance Report (as a Q1 2022 with preliminary Q2 2022 data)

The latest Global Fund Performance Report examines how private market strategies are navigating market volatility across PE, VC real estate, real assets, fund-to-funds and secondaries.

Overall private capital return boasted 27% and is unlikely to decline significantly in the latter half of the year, despite challenging economic conditions.

Check out the full report to learn about the state of performance across global funds and strategies.

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October 24, 2022

Global Private Markets Fundraising Report

The Q2 2022 Global Private Markets Fundraising Report, formally the Global Private Fund Strategies Report, tracks fundraising activity by strategy, the state of dry powder and LP commitments in current market conditions.

Amid a scaled-back exit environment and valuation markdowns, this report offers insights and analysis on how economic instability has affected global fundraising from real assets to private debt, funds of funds, secondaries and more.

Download the report to learn more about the rise of real assets and other global PE fundraising trends in H2 2022.

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November 1, 2022

Global Markets Snapshot 

October ushered in a good start to Q4 for global markets, according to the month's Global Markets Snapshot. Tracking strong returns in private equity, debt and commodities, this report highlights private market activity, fundraising, IPO performance and unicorn creation.

PitchBook Institutional Group analysts provide datasets and chart visualizations on debt and equity markets and a select range of indexes to give a comprehensive look at activity amid broader market slowdowns.

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October 14, 2022

PitchBook Benchmarks (as of Q1 2022)

The newest release of PitchBook Benchmarks provides a detailed snapshot of closed-end fund returns across strategies and vintage years, featuring downloadable XLS tables, data visualization‘s and PDFs by fund type and geography.

In this new market environment, PitchBook Benchmarks help GPs and LPs understand performance across asset classes and market strategies to re-evaluate and restructure deals—ultimately making better allocation decisions.

Get our benchmark report for a holistic and transparent view of fund performance data.

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Allocator Solutions: Taking the "Demons" Out of The "Denominator Effect"

PitchBook 2022 Allocator Solutions report uses PitchBook's portfolio forecasting tool to explore how LPs can optimize commitments and navigate the denominator effect.

Simulated case studies provide insights into navigating near-term challenges to commitment schedules, large allocation fluctuations, and more.

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