1、Q32025USPublic PE and GP Deal Roundup2Q3 2025 US PUBLIC PE AND GP DEAL ROUNDUPContentsPitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Research and Market IntelligenceMarina Lukatsky Global Head of Research,Credit and US Private EquityInstitutional Research GroupAnalysisDataCharlie Farbe
2、r Manager,Data APublishingReport designed by Adriana HansenPublished on November 25,2025Click here for PitchBooks report methodologies.Key takeaways 3PE performance 5Deployment 7Realizations 9Fundraising 11Strategy expansion 16Share of AUM by manager and strategy in Q3 2025 18GP deal activity 20GP s
3、take transactions 21Operating results 23Stock performance and comparables 24Jinny Choi Senior Research Analyst,Private Equity Kyle Walters Research Analyst,Private Equity Note:“PE”has a specific meaning for the seven major public alternative managers referenced in this report.1.Blackstone and Carlyl
4、e:“Corporate PE”as defined in company reports.2.KKR:“Traditional PE”as defined in company reports.3.Apollo:“Flagship PE”and“European principal finance”as defined in company reports.4.Ares:“Corporate PE”and“special opportunities”as defined in company reports.5.TPG:“Capital”and“growth”as defined in co
5、mpany reports.6.Blue Owl:“PE”represents PitchBook estimates of ownership stakes held by“GP Strategic Capital”funds in managers primarily engaged in PE buyout and growth equity strategies.Note:“Private credit”has a specific meaning for the seven major public alternative managers referenced in this re
6、port.1.KKR:“Alternative Credit”as defined in company reports.2.Ares:“US Senior Direct Lending”as defined in company reports.3.Blue Owl:“Direct Lending Gross Returns”as defined in company reports.4.Apollo:“Direct Origination”as defined in company reports.5.Blackstone:“Private Credit”as defined in com