In Q2 2025 LTM, overall deal value rose approximately 3% year over year,
while deal count increased by about 14%
Source: Pitchbook

In Q2 2025 LTM, private equity deal value grew around 2% year over year,
while deal count dropped by roughly 4%.
Source: Pitchbook

PE activity as a percentage of overall M&A count increased 1% from Q2 LTM 2024 to Q2 LTM 2025.
Source: Pitchbook

From Q2 LTM 2024 to Q2 LTM 2025, platform acquisitions and add-on acquisitions increased slightly as a percentage of total M&A deal count.
Source: Pitchbook

From Q2 LTM 2024 to Q2 LTM 2025, platform acquisitions increased marginally as a percentage of total private equity activity.
Source: Pitchbook

Overall private equity portfolio inventory has continued to grow.
Source: Pitchbook

Source: Pitchbook

Note: anomalistic transaction multiples were removed to normalize limited publicly available data set. *As of 6/30/2025
Source: Pitchbook

PE capital overhang decreased as capital is increasingly deployed. *As of 12/31/2024
Source: Pitchbook

Total PE AUM increased slightly from 2023 to 2024. *As of 12/31/2024
Source: Pitchbook

2024 continues the trend of fewer funds raising capital compared to 2022 highs. *As of 3/31/2025
Source: Pitchbook