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Schroders Capital Private Equity Lens Q2 2024
Private equity markets are stabilising. Fundraising, deals, exits and valuations have normalised from the 2021 liquidity boom, and returns are improving.
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The Schroders Capital Private Equity Lens is a chart-pack guide to the global private equity market. It is published each quarter. The key takeaways from the Q2 2024 Private Equity Lens are:
- Buyout fundraising has normalised, except for large buyouts
- VC/Growth fundraising is below 2019 as investors remain cautious over riskier assets in a higher rate environment
- Europe’s share of global fundraising has doubled in the last year, while Asia loses share
- VC deal activity has returned to 2019 levels, but buyout deals lag
- Exits, especially large exits, have slowed
- Buyout valuations are at multi-year lows, and small-mid buyouts remain at a 5–6x discount to large buyouts, providing a good entry opportunity
- VC valuations have rebounded after a reset
- Private equity returns have recovered since the 2022 rate hikes, with VC/Growth returns turning positive for first time since 2022
Download your Q2 copy: Schroders Capital Private Equity Lens
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