Market Insights

The Q2 2026 Global Unicorn Tracker provides a comprehensive analysis of VC-backed companies valued at $1 billion or more, covering deal activity, valuations, exits, and the PitchBook Business Quality framework and offering perspective on the biggest trends shaping the unicorn landscape.

This analyst note argues that pricing AI models by completed tasks rather than token cost reveals a different competitive picture, with implications for buyers and providers.

This analyst note concludes the SpaceX private-company series by evaluating the post-IPO valuation, introducing a management credibility ledger, and outlining key catalysts for the stock’s first 18 months.

This analyst note examines OpenAI’s IPO delay as a valuation signal, and its implications for Anthropic’s IPO timing and the broader AI IPO pipeline.

SpaceX’s latest valuation sets a market benchmark for frontier AI. We derive what it implies for the two pure-play AI labs now in IPO registration and map the key catalysts.

The Q2 2026 Aerospace & Defense Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

The Q2 2026 Pharma Services Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

The Q2 2026 European VC Valuations Report delves into the sizes and valuations of European venture deals.

Accel, Index Ventures and Sequoia Capital are the top three firms in The Syndicate, a global ranking of venture capitalists based on the measurable outcomes of their investments from PitchBook data on each firm’s deal and exit history.

The Global CLO Weekly Wrap combines breaking commentary with the latest CLO and loan data for the US and European markets. Data includes individual deal details as well as broad market volume and spreads, divided by coupon, deal type and ratings. All charts and underlying data are provided in a corresponding data pack.

The Global Distressed Credit Weekly Wrap provides a comprehensive summary of the latest news for leveraged loans and high-yield bonds, and a rundown of courtroom bankruptcy activity.

The H1 2026 Healthcare IT PE Update highlights recent PE deal activity and dominant trends in healthcare IT.

The Q2 2026 Healthcare Services Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

The 2026 Vertical Snapshot: Space Tech covers industry trends, growth drivers, and VC activity. It includes links to proprietary market maps of VC-backed leaders in the space.

This analyst note examines private capital opportunity in obesity therapeutics as first-generation GLP-1 assets mature and investment shifts toward next-generation biological mechanisms.

The Private Capital Return Barometers provide a data-driven, factor-based assessment of US private market fund performance, offering timely estimates of quarterly returns and insights into market conditions across asset classes.

The Q3 2026 Quantitative Perspectives: US Market Insights report examines how private capital markets are navigating macro volatility and persistent liquidity constraints.

This analyst note examines the growing backlog of aging PE-backed companies, the deferral mechanisms sponsors use to avoid resolution, and the implications for LP returns, lenders, and market liquidity.

NVIDIA’s $266.1 billion in 2026 deal participation and $500B MoU with six GPs signal a new phase of ecosystem financing. We examine CUDA moats, platform debt, and implications for AI capital formation.

This analyst note examines Europe’s IPO recovery in 2026, noting favorable market conditions alongside a shrinking pipeline of high-quality listing candidates.

The Q2 2026 Spain Market Snapshot provides an overview of macroeconomic and microeconomic trends in the region spanning both private and public markets.

Apollo’s acquisition of Atlantic Aviation is the latest bet that the ultra-wealthy and corporate executives will keep flying private.

Traditional asset managers are seeking safety in size as they contend with fee pressure, higher technology costs, and growing competition from passive funds and private-market strategies.

S&P Global Ratings said it foresees a liquidity shortfall in the next six months for the swimming pool supplies company.

In addition to the debt financing, CapVest Partners, Curium’s current sponsor, is providing an equity commitment of $2.346 billion.

The smart pet collar startup Fi has raised nearly $40 million, but its investors are clamoring to write new checks. So why is it shrugging them off?

Space tech is increasingly treated as an industrial scale-up market rather than an early-stage technology bet.

Franklin Templeton’s $1.5 billion deal is the latest in a wave of CFOs, even as regulators grow warier of the insurance risks the structures are meant to manage.

Accounting treatment and record secondary transaction volumes drove the 20.6% gain, a new study shows.

A record H1 for dealmaking has pushed Europe past Asia into second place globally.

A summer of outbreaks hasn’t convinced VCs to fund a faddish problem.