1、USPE Middle Market ReportSponsored by2024ANNUALDEE P S E C T OR E XPE RT IS ES O FT WA RE&TE CH NO LO GYH EA LT H CA R EB U S INE SS SE R VICE SC O NS U ME REV ENTS E CO SYSTE MI NDUSTR IA LSOur data-driven approach empowers private equity leaders.From commercial due diligence to value creation
2、and growth strategy to exit planning,we elevate investment strategies for growth,profit,and value.30 Years of Delivering Actionable Insightss tax.c o m 2025 Stax LLC All Rights Reserved.32024 ANNUAL US PE MIDDLE MARKET REPORTContentsPitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Resear
3、ch and Market IntelligenceMarina Lukatsky Global Head of Research,Credit and US Private EquityInstitutional Research GroupAnalysisDataNick Zambrano Data APublishingReport designed by Julia Midkiff and Josie DoanPublished on March 13,2025Click here for PitchBooks report methodologies.Executive summar
4、y4Deals6Deal valuation metrics8A word from Stax12Deals by backing and sector14Spotlight:Q4 2024 Aerospace&Defense Report16A word from Churchill Asset Management18Exits20Fundraising and performance252024 annual US PE middle-market lending leaguetables28Garrett Hinds Senior Analyst,Private Equity
5、Jinny Choi Senior Analyst,Private Equity Kyle Walters Analyst,Private Equity Sponsored bySponsored by42024 ANNUAL US PE MIDDLE MARKET REPORTEXECUTIVE SUMMARYExecutive summary2024 finished as the middle markets best year ever in terms of deal value(when excluding the outlier activity seen in 2021)and
6、 will be close to the top spot in terms of deal count as well.The middle market was a prime target for GP capital during the first half of the year compared with the broader PE market as high interest rates and limited access to financing turned GPs downmarket for more digestible investment opportun