Top 10 sovereign-backed deals in 2024

The biggest allocator moves of 2024; VC fund extensions are LPs' new normal; Italy leads region in deal-value growth

Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily Pitch: VC, PE and M&A December 31, 2024 The Daily Pitch is powered by PitchBook's industry-defining research and best-in-class data Top 10 sovereign-backed deals in 2024 (Mohamed Hussain Younis/Getty Images) Sovereign wealth funds played a major role in some of the largest deals in the private markets this year. As state-backed funds—like the Abu Dhabi Investment Authority, a massive asset manager tasked with investing the UAE's excess oil reserves, and Singapore's over $700 billion fund GIC—continue to grow their AUM, their demand for exposure to lucrative private market deals grows in tandem. Check out our list of the 10 largest sovereign-backed, PE-led deals in 2024. read more   Share: Italy tops Europe's five big markets for deal-value growth in 2024 (Sylvain Sonnet/Getty Images) Most European markets saw an increase in total PE deal value in 2024, but Italy stands out as the fastest-growing among the region's biggest markets. In total, 17 out of the 24 countries in the region posted an increase in PE investment, according to PitchBook data. read more   Share:   A message from PitchBook   Ready to engage top PE and VC audiences? Our 2025 PitchBook Media Kit offers service providers direct access to 2.1 million engaged professionals through our targeted newsletters and exclusive reports. Backed by PitchBook's trusted global data, our sponsorships amplify your brand via custom reports, asset class insights, website and native content partnerships. See what's new for 2025 Share:   VC fund extensions are LPs' new normal—blame sluggish unicorn IPOs (Krisanapong Detraphiphat/Getty Images) More than 40% of unicorns have spent at least nine years in a VC fund. That reality is making VC fund extensions the new normal for LPs, but granting extensions often results in disappointment. Funds that receive extensions often take a hit to IRR, and a majority never return what they say their holdings are worth. read more   Share: The biggest allocator moves of 2024 (Jenna O'Malley/PitchBook News) From chief investment officer departures and appointments to an axing of an entire board of trustees, the past year has been marked by tectonic shifts at some of the world's largest allocators, particularly at the leadership level. Let's take a look back at some of the biggest moments of 2024 in LP land, with our list of the most impactful leadership changes at asset allocators this year. read more   Share: 6 charts: Japan's VC market comeback (StockByM/Getty Images) VC dealmaking in Japan is surging after two years of decline—with combined deal value for 2024 expected to surpass 2023's total. Here are six charts from our Japan Private Capital Breakdown, highlighting key data points on the country's VC recovery. read more   Share:   Since yesterday, the PitchBook Platform added: 353 Deals 959 People 380 Companies 15 Funds See what our data software can do   The Daily Benchmark: 2020 Vintage US PE Funds Median IRR 14.62% Top Quartile IRR 22.21% 0.14x Median DPI Select top performers Tenex Capital Partners III SSC Partners II Ultra Capital Sustainable Infrastructure Fund II *IRR: net of fees 99 Funds in Benchmark » Check out the latest version of PitchBook Benchmarks   About PitchBook | Terms of use | Advertise with us | Contact Follow us: This email was sent to abdulkerim.bosnia.business@blogger.com via the PitchBook Platform. Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here. PitchBook Data Inc., 901 Fifth Avenue, Suite 1200, Seattle WA 98164, United States © 2024 PitchBook. Win what's next. All rights reserved.