1、EUROPEANPE Breakdown2024ANNUALPitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Research and Market IntelligenceDylan Cox,CFA Head of Private Markets ResearchInstitutional Research GroupAnalysisContents22024 ANNUAL EUROPEAN PE BREAKDOWNPublished on 17 January 2025Click here for PitchBooks
2、 report methodologies.PublishingReport designed by Julia MidkiffDataCharlie Farber Manager of Data AnalysisOscar Allaway Data AIntroduction3Deals4Spotlight:GP-led secondaries8Exits9Fundraising12Nicolas Moura,CFA Senior Analyst,EMEA Private Capital 32024 ANNUAL EUROPEAN PE BREAKDOWNINTRODUCTIONIntrod
3、uctionIf we had to pick one word to summarise European private equity(PE)in 2024,it would be recovery.Annual PE deal value increased 35.4%year over year(YoY)while annual deal count increased 18.2%YoY,marking the third-best year of dealmaking in European PE after 2021 and 2022.Although dealmaking gre
4、w,the drivers of this growth changed from those in previous years.In 2024,US investor participation returned,take-privates continued to thrive despite bullish public markets,smaller markets such as Italy increased their dealmaking footprint,artificial intelligence&machine learning(AI&ML)took centre
5、stage as a vertical,and the shift in monetary policy midway through the year played a pivotal role in improving macroeconomic indicators.Looking at the year ahead,we remain optimistic about dealmaking as the macroeconomic landscape improves and political turmoil settles down in H1.We expect the asse
6、t class to continue growing,benefitting from a further democratisation of private markets.Exit activity finished the year higher than the previous two years,thanks in part to a strong Q4.Annual exit value grew 5%YoY while annual exit count grew 18.6%YoY as sponsor acquisitions dominated over corpora