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Eliza Haverstock

Financial Writer

Eliza Haverstock was a PitchBook writer covering venture capital, startups, and private equity.

A graduate of the University of Virginia where she majored in history and economics, she’s also a native of the Washington, DC, area. Previously, Eliza worked as a news editor for her college paper, The Cavalier Daily, and interned as an industrials reporter for Bloomberg in New York.

Articles by Eliza Haverstock
IPO

Albertsons underwhelms in first day of trading after 14-year PE saga

Cerberus Capital Management-backed supermarket chain Albertsons has been eyeing an IPO for years. But the company’s debut didn’t go as planned.
LPs

PE has failed to outperform stocks, research says, but LPs aren’t turning away

Private equity fundraising reached a record level in 2019, despite a building body of academic research indicating PE returns don’t have the same edge they used to over the public markets.

Moral marketing: Startups offer free services to the unemployed

What began for many of the companies as a sense of moral duty has turned out to be smart marketing.

Black entrepreneurs say VC responses to institutional bias could affect future connections

Black entrepreneurs and black investors are paying close attention to whether the VC world follows through on promises of support for more racial equality in the wake of nationwide protests.

Narrative change: VCs are finally ready to talk about menopause

Venture capital investors have poured millions into femtech startups focused on periods and pregnancy. Now, they’re finally starting to focus on menopause.

Uber’s pursuit of Grubhub could be a sign of consolidation to come

The pandemic is driving a growing hunger for food delivery apps.

More investors eye Jio after Vista injects $1.5B

In the wake of Vista’s recent investment of 113.7 billion rupees (around $1.5 billion) in India’s Jio Platforms, General Atlantic and Saudi Arabia’s sovereign wealth fund reportedly want in.

Female founders face funding hurdles amid the pandemic

Women, especially first-time founders, have long lagged behind men in raising venture funding. But in the pandemic’s heightened climate of caution, they may encounter greater challenges as VCs turn more risk-averse.

Apollo loses $2.3B, but credit unit provides hope

Apollo Global Management reported $2.3 billion in losses in its first-quarter 2020 earnings report Friday, but its credit strategy is booming.

As oil plunges, bankruptcies loom for private equity portfolio companies

On Monday, May oil futures began trading below zero for the first time in history. Small producers face the greatest risk of bankruptcy, and many of them are backed by private equity.

How the changing restaurant industry has shaped investors’ appetite for food and robotics [video]

The intersection of robotics and food sits at a critical juncture. Venture investment in the space has boomed, and amid a recession, automation—such as a pizza robot—could help keep food-service operations afloat.

While M&A grinds to a halt, many executives plan for future deals

The coronavirus outbreak has already caused a slowdown in mergers and acquisitions, and executives don’t know how long the calamity will last—or how bad it will get.

As pandemic provides a wake-up call, smokers turn to startups to quit

The novel coronavirus can take a deadly turn when it enters the lungs, putting the more than 34 million smokers in the US at higher risk. As the outbreak grows, startups focused on helping smokers quit have seen their business rise in turn.

VCs develop initiatives to support home-bound student entrepreneurs

As the coronavirus pandemic shuts down universities across the US, student-focused VC firms are changing how they support college-age entrepreneurs.

Changing FDA rules leave startups in limbo over at-home COVID-19 tests

A series of startups tried to offer at-home coronavirus sample collection kits, assuming they were in line with FDA guidance. Then on Saturday, the FDA explicitly banned them from doing so.

Oil price nosedive leaves private equity investors scrambling

As oil prices collapse amid the coronavirus pandemic and a price war with OPEC, private equity energy investors are racing to figure out how to survive and even profit.

As pandemic anxieties worsen, mental health startups rise to the challenge

As COVID-19 cases in the US escalate and the economy continues to flounder, mental health startups are seeing increased demand. Many are offering new services to treat pandemic-related fears.

Seattle startups find one solution to coronavirus worries is close to home

The Seattle area has emerged as a hotbed for the novel coronavirus outbreak in the US. The local tech industry is exploring one solution: telling as many employees as possible to avoid the office.

As big bank M&A heats up, Morgan Stanley will pay $13B for E-Trade

Morgan Stanley has agreed to acquire E-Trade for $13 billion in an effort to expand its client base beyond institutional investors.

Valar Ventures leads $30M round to double down on crypto bet

BlockFi’s $30 million Series B underlines the durability of fintech startups in the otherwise flagging cryptocurrency arena.

Federal judge approval pushes $26.5B Sprint, T-Mobile merger closer to finish line

Despite looming antitrust concerns, T-Mobile and Sprint have moved one step closer to completing their $26.5 billion merger.

Spotify to buy The Ringer as podcasts boom

Spotify has agreed to acquire sports media site The Ringer—its fourth podcast acquisition in a year—as demand for podcasts heats up.
KKR

KKR’s profits, stock jump as firm eyes index inclusion

In its Q4 2019 earnings report, private equity giant KKR posted positive net income, while YoY after-tax distributable earnings tumbled.

Private equity has yet to strike a chord in music production

Though PE activity in the music production space has yet to catch fire, it’s trended up in recent years. This week, TPG Growth announced the sale of its stake in iconic guitar-maker Fender.

PE-backed Fairway Market denies liquidation report, but bankruptcy still looms

Private equity-backed New York grocery chain Fairway Market is denying reports that it intends to file for Chapter 7 bankruptcy—Chapter 11 bankruptcy, however, could yet be on the horizon.

Healthcare leaders brace for short-term volatility in election year

Healthcare is in the current political spotlight, but the upcoming presidential race is unlikely to reshape the sector’s long-term structure.

Insight Partners values Swiss software specialist at $5B in latest takeover

Insight Partners has acquired software company Veeam in an effort to build out its US presence. We spoke with Insight managing director Mike Triplett about the deal.