Global VC, PE, and M&A News and Trends

Venture Capital

When headline valuations aren’t what they seem

The high demand for hot AI startups has led to an uptick in different valuations for the same funding round.

By Michael Bodley

June 18, 2026

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PE has yet to prove its AI bets to investors

Views From the Empire State Building in New York City

New Mountain wants to find its next great investment—in someone else’s fund

PE shoots into space: EQT’s Exolaunch deal signals a sector shift

Map: The Cursor backers new to Elon Musk’s orbit—and those who can’t get enough

Medallia taken over by private credit lender group led by Blackstone

Nvidia locks in $25B of high-grade bonds, adding to AI sprint

PE firms want software deals, but lenders don’t want to fund them

Tech giants close AI gap with big buys

With its $60B Cursor deal, SpaceX tries to spend its way into AI race

Upstart PE firm wagers $1.5B+ on a Pizza Hut turnaround

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AI RESEARCH

The State of Consumer AI

This analyst note examines the shifting dynamics reshaping venture capital in consumer AI and what they signal for investors.

By Eric Bellomo

June 1, 2026

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An Eye on OpenAI

This analyst note examines the gap between OpenAI’s valuation and its underlying fundamentals ahead of a potential IPO.

AI VC Trends

The Q1 2026 AI VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.

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PitchBook Analyst Note: Where Capital Is Flowing in China’s AI Market

This analyst note examines how China’s AI venture market is consolidating around strategic sectors like enterprise software, compute hardware, and semiconductors amid a broader VC slowdown.

US Public PE and GP Deal Roundup

Our Q1 2026 US Public PE and GP Deal Roundup pulls together data on trend-setting PE firms to analyze the strategies and forces driving their expansions.

Learn more: US Public PE and GP Deal Roundup

LATEST RESEARCH

The internal rate of return for venture capital vintages from 2017 to 2021 trails those from 2012 to 2016, with each vintage from that period performing successively worse.

See more: Q3 2025 PitchBook Benchmarks with preliminary Q4 2025 data

DASHBOARDS & TOOLS