Global Private Equity Factbook Q4 2024 (Aranca)

Summary

• In Q4 2024, global private equity deal completion reached 2,055 deals with total invested capital rising to $608 billion.p.2
• PE deal value increased quarter-over-quarter across several key regions, including 26% in North America, 60% in Europe, and 84% in Asia Pacific.p.5
• PE exits rose by 27% quarter-over-quarter to 119 exits in Q4 2024, with secondary buyouts representing 47% of total exits.p.6
• Global PE fundraising fell 24% quarter-over-quarter to $135 billion in Q4 2024, down from $260 billion in Q4 2023.p.7
• Global PE dry powder dropped by 13% quarter-over-quarter as capital deployment accelerated ahead of new fundraising.p.8
• Information Technology, Financial Services, and Energy were the top sectors, accounting for about 46% of total PE capital invested in Q4 2024.p.10

Key insights

1. PIPE deals dominated the market in Q4 2024, accounting for 64% of total PE deal volume.p.3
2. Secondary buyouts attracted approximately 87% of total capital investment in Q4 2024.p.4
3. PE exit momentum accelerated in Q4 2024 due to narrowing valuation gaps and increased strategic divestment strategies.p.6
4. Growth equity fundraising dropped to its lowest point since 2020 as LPs favored buyout funds.p.7
5. The median closure time for private equity funds reached 16.2 months in 2024.p.7
6. Software deals formed the largest part of the IT sector's PE funding in Q4 2024, capturing 47.8% of invested capital.p.11
7. Insurance represented 38.6% of the primary capital deployed within the financial services sector in Q4 2024.p.13
8. Exploration, Production, and Refining led the energy sector capital deployment in Q4 2024 with 40.0% of the total.p.15