« back to reports
PitchBook Analyst Note: US Presidential Election Guide

Q4 2024

PitchBook Analyst Note: US Presidential Election Guide

October 1, 2024

2024 private markets election guide: How the parties stack up  

The US presidential election next month could have significant consequences for private market participants, both for asset classes and the industries that VC and PE firms favor, our latest analyst note explains. 

The note examines how policy differences between the two parties could impact 20 different industry and technology sectors—including AI, healthcare and fintech—as well as VC and PE firms. 

Much of the election’s impact depends not just on who wins but how they win—with or without the support of Congress, for example. And the trajectory of interest rates and the economy will be the primary drivers of valuations and growth for portfolio companies. 


Table of contents
Introduction 1
Industry and technology 2
       Artificial intelligence & machine learning 2
       Healthcare 3
       Biopharma 5
       Pharmatech 5
       Medtech 6
       Data analytics 6
       Space tech 7
       Climate tech 8
       Fintech 10
       Information security 12
       Foodtech 12
       Agtech 13
       SaaS 14
       Aerospace & defense 15
       Industrials 15
       Mobility tech 16
       Supply chain tech 17
       E-commerce 17
       Gaming 18
       Crypto 19
Venture capital 20
Private equity 21