PitchBook：2025年第二季度美国公开市场私募股权与普通合伙人交易综述报告（英文版）（28页）.pdf

1、Q12025Q22025USPublic PE and GP Deal Roundup2Q2 2025 US PUBLIC PE AND GP DEAL ROUNDUPPitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Research and Market IntelligenceMarina Lukatsky Global Head of Research,Credit and US Private EquityInstitutional Research GroupAnalysisGarrett Hinds Senio

2、r Research Analyst,Private Equity Jinny Choi Senior Research Analyst,Private Equity Kyle Walters Research Analyst,Private Equity DataCharlie Farber Manager,Data APublishingReport designed by Josie Doan and Adriana HansenPublished on August 27,2025Click here for PitchBooks report methodologies.Conten

3、tsKey takeaways 3PE performance 5Deployment 7Realizations 9Fundraising 11Strategy expansion 17Share of AUM by manager and strategy 20GP deal activity 22GP stake transactions 23Operating results 24Stock performance and comparables 25Note:“PE”has a specific meaning for the seven major public alternati

4、ve managers referenced in this report.1.Blackstone and Carlyle:“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

5、in company reports.5.TPG:“Capital”and“growth”as defined in company 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

6、seven major public alternative managers referenced in this report.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 c