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Ryan Prete

Financial Writer

Ryan Prete covers technology and private equity deal-making for PitchBook from the San Francisco Bay Area. He previously has been a tax policy reporter for Bloomberg News in Washington, and he covered cybersecurity-related legislation and policy for Inside Washington Publishers. He is a graduate of the University of California, Santa Barbara.

Articles by Ryan Prete

Got a pet? There’s a good chance private equity backs your vet

Pet ownership in the US has boomed in recent years, particularly during the pandemic, and so has private equity’s footprint in the veterinary industry.

Publicly traded PE firms could absorb rivals in a quest for growth

Publicly traded US PE firms could focus more of their firepower in the coming quarters on acquiring stakes of competing firms as they look for ways to grow and sustain their stock prices.

Fundraising, capital deployment are bright spots for PE firms navigating weak Q2

Publicly traded private equity firms saw net income losses mount in Q2, while fundraising and deployed capital figures acted as a silver lining in a quarter filled with global market turbulence.

PE, real estate funds remain strong, analysts see downturn ahead

PE and real estate funds delivered strong one-year performance through the end of 2021, but turbulence lays ahead.

New Mountain grows life science influence with $2.45B PerkinElmer deal

New Mountain Capital has agreed to acquire multiple business divisions of PerkinElmer, a life sciences and pharmaceutical company, for $2.45 billion, marking one of the largest PE deals within the sector in recent years

PE fundraising capital on pace for record year despite wavering global markets

US private equity fundraising has remained mostly unhindered by volatile global markets through the first half of 2022, making it somewhat of an outlier in the PE industry as falling valuations and macroeconomic tension hinder deal activity.

Software industry withstands market turbulence, remains hot for PE firms

Private equity deal activity in the software sector remained strong through the first half of 2022, despite much of the technology space grappling with falling valuations and macroeconomic headwinds.

Amid market turmoil, PE earnings kick off with Blackstone expected to post profit

Publicly traded private equity firms are expected to focus on fundraising, real estate returns and deployment of capital in the third quarter, as markets remain at the mercy of rising interest rates, inflation and geopolitical tensions.

Charting US PE’s performance in Q2

From mega-deals to IPOs and fundraising, private equity activity has slowed across numerous metrics after a banner 2021.

PE deals target billions in student housing amid shortages, rising costs

Asset managers like Blackstone and GIC are plowing billions into the student and college housing industry.

PE helps hoist hotel sector from pandemic lows

Private equity firms have rediscovered their taste for leisure, restaurant and hotel companies following the sector’s crash during the economic crisis triggered by the pandemic.

TPG’s top deals since going public

TPG has been busily navigating a volatile investment climate in its first six months as a public company, as inflation and rising interest rates ravage global markets.

Global supply chain weakness draws increasing PE investment

The global supply chain needs an upgrade, and private equity firms are attempting to offer a helping hand.

TPG to boost healthcare portfolio with $1.1B Convey take-private

TPG has agreed to take Convey Health Solutions private for roughly $1.1 billion in the third-largest healthcare take-private announced so far this year.

Top 10 PE investors in the elder and disabled care sector

Private investment firms have poured capital into the elder and disabled care industry in recent years as the US population 65 and older rapidly grows.

The most active PE investors in cybersecurity

Investments in cybersecurity firms have remained a top priority for many private equity firms, especially those specializing in technology deals.

US PE mega-deals keep on trucking following standout year

Private equity mega-deals, transactions valued at $1 billion or more, have a tough act to follow this year after a lucrative 2021.

Golden State Warriors or the Boston Celtics? Either way, a PE firm wins

The Golden State Warriors and the Boston Celtics are vying for the NBA’s most coveted honor, and so are PE firms.

PE fund performance sinks as pandemic boost fades

A tighter policy environment is putting downward pressure on risk assets and causing PE returns to normalize after several standout quarters.

Rising inflation acts as kindling for PE real estate deals

As inflation rises, private equity firms are building empires within their real estate portfolios. And while all the publicly traded firms tracked in our PE Earnings Dashboard have seen strong returns from their real estate holdings, Blackstone has been especially dominant, outpacing other firms in returns and real estate fundraising totals.

Exploring the record-breaking Chelsea sale

A consortium led by Todd Boehly and Clearlake Capital struck a deal last week to acquire the Premier Leagues Chelsea Football Club.

TPG’s distributable earnings, AUM spike in Q1

The sixth publicly traded PE giant to report its earnings this year, TPG saw its Q1 distributable earnings more than double compared to the same period last year, after a jump in fee-related earnings and strong portfolio returns.

Apollo’s distributable earnings climb as Blue Owl’s fee-related earnings surge

Apollo Global Management’s first-quarter distributable earnings jumped more than threefold, compared to the same period last year, following strong growth in management and performance fees.
KKR

KKR’s distributable earnings, performance fees spike YoY in Q1

KKR is the third private equity giant to report its Q1 earnings this year, with distributable earnings climbing nearly 50% year-over-year to $1 billion, driven by a jump in performance income.

Boehly, Clearlake consortium enters exclusive talks for Chelsea FC

A consortium led by Todd Boehly and Clearlake Capital has emerged as the preferred bidder for the Premier League’s Chelsea Football Club.

Carlyle’s distributable earnings climb, natural resource holdings flourish in Q1

The Carlyle Group reported a dip in net income compared to the same period last year.

Private equity mega-funds overwhelm LP funding abilities

A recent flurry of private equity mega-funds is limiting capital available to GPs, which could disrupt the lucrative status quo that PE firms have become accustomed to.