Analyst Note
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Analyst NoteUkraine’s Defense Tech Ecosystem: From Wartime Experimentation to Industrial Scale
July 1, 2026This analyst note examines Ukraine’s defense tech ecosystem, analyzing the gap between venture funding, production capacity, and export potential across drones, ground robots, and software.Research
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EnergyPowering the AI Boom: Fixing Grid Bottlenecks Emerges as a Critical Investment Frontier
June 30, 2026Power grid tech drew $4.8 billion in VC deal value in 2025 and is tracking ahead in 2026. Post-money valuations hit a record $35.9 million at mid-2026 as capital concentrates in mature companies.Research
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Analyst NoteQXO Paid $17.3 Billion for a Roofing Company. Have You Paid Attention to the Roofing Sector?
June 29, 2026This analyst note examines PE investment dynamics in the roofing sector, covering deal activity, market fragmentation, sourcing targets, a due-diligence framework, and current cost pressures.Research
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Late-Stage Company ResearchThe First Public Price for Frontier AI
June 26, 2026SpaceX’s latest valuation sets a market benchmark for frontier AI. We derive what it implies for the two pure-play AI labs now in IPO registration and map the key catalysts.Research
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APAC Private Capital OutlookAPAC Private Capital Outlook: Midyear Update
June 26, 2026This analyst note updates the predictions made in our 2026 APAC Private Capital Outlook and analyzes how these forecast trends within deals, exits, and fundraising will play out during H2.Research
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Emerging TechnologyBit by Qubit: Global Quantum Computing Funding Hits New Records and Is Accelerating
June 25, 2026Quantum computing VC hit a record $3.9 billion across 127 deals in 2025, with venture-growth investment surging from 1% to 27.5% of deal value. We examine regional trends and policy competition.Research
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Analyst NoteAI Kills the RCM Star: PE Should Be Wary of RCM Deals as Agentic AI Guts Take Rates
June 24, 2026This analyst note examines how agentic AI and increasing competition are disrupting the RCM market, threatening PE investment returns as cost-to-collect rates compress and EHR-native rivals expand.Research
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EMEA Private Capital OutlookEMEA Private Capital Outlook: Midyear Update
June 24, 2026This analyst note updates the predictions made in our 2026 EMEA Private Capital Outlook and analyzes how these forecast trends within deals, exits, and fundraising will play out during H2.Research
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US Private Equity OutlookUS Private Equity Outlook: Midyear Update
June 23, 2026This analyst note updates the predictions made in our 2026 US Private Equity Outlook and analyzes how these forecast trends within deals, exits, and fundraising will play out during H2.Research
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Analyst NoteEnterprise SaaS M&A Review
June 23, 2026This analyst note explores the trends in enterprise SaaS M&A dealmaking in Q1 2026, examining investment activity across deal types, segments, and subsegments.Research
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US Venture Capital OutlookUS Venture Capital Outlook: Midyear Update
June 22, 2026This analyst note updates the predictions made in our 2026 US Venture Capital Outlook and analyzes how these forecast trends within deals, exits, and fundraising will play out during H2.Research
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Analyst NoteSpaceX Update: What the IPO Reveals and What to Watch For Next
June 17, 2026This analyst note concludes the SpaceX private-company series by evaluating the post-IPO valuation, introducing a management credibility ledger, and outlining key catalysts for the stock’s first 18 months.Research
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Analyst NoteForecasting Europe’s Private Capital AUM
June 16, 2026This analyst note forecasts European VC AUM declining through 2030 while PE AUM grows, examining base-, best-, and worst-case scenarios and key country contributors to AUM.Research
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Analyst NoteUS PE Survey: AI Is the Future, Liquidity Is the Problem
June 12, 2026This analyst note presents US PE survey results, where enthusiasm for AI-driven opportunities contrasts with persistent liquidity challenges and an aging portfolio backlog.Research
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Analyst NoteUK Exit Market: Dearth or Revival?
June 11, 2026This analyst note examines whether the London Stock Exchange is poised for a revival as an exit venue, following years of structural decline driven by valuation discounts, regulatory friction, and shifting sponsor behavior.Research
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Analyst NoteAnthropic: The S-1 Expected to Price AI
June 9, 2026This analyst note examines Anthropic’s S-1 filing as the first frontier AI lab to initiate the IPO process, identifying key financial disclosures that will determine whether its valuation holds.Research
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Analyst NoteReturn Smoothing in Evergreen Fund Indexes
June 8, 2026This analyst note applies desmoothing techniques to evergreen fund indexes to help allocators better interpret volatility and risk in evergreen funds across private capital strategies.Research
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Analyst NoteMind the Gap: The Bid-Ask Spread in Consumer AI
June 5, 2026This analyst note applies PitchBook’s dealmaking framework to consumer-facing AI companies, quantifying market bifurcation and capital concentration to help investors time commitments and assess pricing power.Research
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