News & Analysis
driven by the PitchBook Platform
Secondary discounts for startups have almost recovered
The discount on startup secondaries is disappearing after more than two years.
Healthcare of Ontario Pension appoints infrastructure exec as CEO
The Board of Trustees of the Healthcare of Ontario Pension Plan named Annesley Wallace as its new president and chief executive officer.
Unicorn companies tracker
Our global unicorn tracker allows you to see all the billion-dollar companies formed since 2016. Explore trends in unicorn formation by filtering for geography or date.
EQT, GIC acquire UK smart meter group Calisen at $5.1B valuation
This is GIC’s second investment in smart meters in two months.
PE deal value in Southern Europe returns to growth in 2024
PE deal value in Southern Europe grew 31.4% in 2024, despite fewer transactions and macroeconomic pressures.
PE-backed tea brand Typhoo faces collapse
Typhoo, a 120-year-old tea brand backed by Zetland Capital, has entered administration—UK-listed FMCG company Supreme could take it over.
BlackRock to buy private credit manager HPS in ~$12B deal
The acquisition of HPS Investment Partners would enhance BlackRock’s alternative assets portfolio.
Hong Kong follows US to propose crypto tax breaks
The city saw a 40% increase in cryptocurrency VC deal value this year
Meet the startups bringing green thermal batteries to market
Renewable thermal batteries are a relatively nascent technology, with a lot of room to grow.
Market Map: Customer support startups help lead an enterprise SaaS rebound
Enterprise SaaS startups recently had their strongest quarter in more than a year.
The Daily Benchmark
2015 Vintage Global VC Funds
Median IRR
16.10%
Top Quartile IRR
24.36%
0.49
Median DPI
Select top performers
Index Ventures Growth III
Outlander 1 Archimedes
Anthos Capital III
Check out the latest PitchBook Benchmarks
Data & Tools
PitchBook Universities: Top 100 colleges ranked by startup founders
PitchBook’s annual list compares undergraduate and graduate programs by tallying up the number of startup founders among their alumni.
Lending league tables: Q2 2024
The PitchBook VC Dealmaking Indicator leverages deal-level data to quantify how startup friendly or investor friendly the capital raising environment is. The Indicator incorporates PitchBook’s deal term, deal attribute, fundraising, and deal flow data to compose an indicator which compares early-stage and late-stage deal activity.
PitchBook VC Dealmaking Indicator
The indicator leverages deal-level data to quantify how startup friendly or investor friendly the capital raising environment is.
Credit
Ahead of 2025 revival, Europe’s buyout leverage leans heavily on loans
Companies funding sponsor buyouts in Europe’s broadly syndicated loan market are doing so with the lowest leverage in more than a decade.
Blackstone taps $1B Santander loan portfolio to beef up infrastructure credit play
The giant alternative asset manager is acquiring interest in a $1 billion portfolio of infrastructure loans from Spain’s Banco Santander.
US CLO market sets record $188B of new issuance in 2024
The previous full-year record was set in 2021.
Barings and BNP Paribas set template for mid-market European CLOs
Europe’s first middle-market CLO resulted from a collaborative effort to develop a structure which worked for both end-investors and rating agencies.
Industry & Tech
Just Eat latest to delist from the London Stock Exchange
Low liquidity and high administrative costs have pushed companies away from the bourse.
Crypto VCs line up to ride Trump bitcoin boom
Venture capitalists are closely eyeing bitcoin’s recent boom, which has yet to boost crypto startup deals
SoftBank Vision Fund Dashboard
SoftBank’s Vision Funds posted gains in Q2 as the Japanese investor continues searching for AI bets.
Who has the most to lose from Northvolt’s failure?
The bankruptcy of once-celebrated Swedish battery maker Northvolt is going to leave a lot of VCs out of pocket.
