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PE dealmaking proves to be a bright spot amid lingering market uncertainty
Economic uncertainty continues to cloud the outlook for private equity. Despite this, deal activity remains elevated and is on pace for another strong year, as detailed in our latest US PE Breakdown. However, the same cannot be said for exit and fundraising activity, which are struggling to keep pace.
Prolonged uncertainty has hampered sentiment in the space, though if that begins to change, a rebound in exits could prove to be the spark PE needs to recapture the momentum seen in 2024. Our Q2 2025 US PE Breakdown covers the latest trends in the PE market, including the areas where sponsors have momentum and those that will pose challenges in the remainder of the year.
Table of contents
| Executive summary: Are we so back? | 3 |
| Deals | 5 |
| Deal valuation metrics | 12 |
| Deal financing metrics | 14 |
| Deals by size, backing type, and sector | 15 |
| Spotlight: Launch Report: Transportation & Logistics |
16 |
| Exits | 18 |
| Fundraising | 25 |
| Performance | 29 |