1、Pulse of private equityQ225 KPMG.Make the Difference.A KPMG quarterly analysis of global private equity activity.July 2025 Copyright owned by one or more of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.2025 Copyright owned by one or m

2、ore of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.Welcome to the second edition of KPMGs Pulse of Private Equity.Our Pulse of Private Equity series provides you with quarterly insights into the private equity market globally and in

3、major regions around the world.Our unique methodology goes beyond buyouts to capture the full gamut of major PE deals activity;we also share perspectives into the market factors influencing key investment trends and look at how key trends might evolve over time.In Q2 2025,global private equity activ

4、ity remained cautious amid ongoing geopolitical uncertainty and unclear trade and tariff policies.While deal activity appeared solid,especially in the US many investors hesitated to finalize transactions,preferring to wait for greater clarity around US tariff developments.Globally,private equity dea

5、l volume declined from 4,527 in Q1 2025 to 3,769 in Q2 the lowest level since Q3 2020.Total PE investment also dropped quarter-over-quarter,falling from$505.3 billion to$363.7 billion.The Americas attracted 59 percent of the global PE investment total during Q225($214 billion)and just under 47 perce

6、nt of all PE deals(1,771).Of this total,the US accounted for$202 billion of PE investment across 1,608 deals,including the$11.5 billion buyout of TXNM Energy by Blackstone Infrastructure,the$10.5 billion buyout of the Digital Aviation Solutions Business of BoeingWelcome messageWere definitely seeing