PE investment jumped 22% in 2024

Asian PE fundraising drifts awat from China; European VC mega-rounds are rare; micromobility sector zips ahead

Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily Pitch: VC, PE and M&A January 3, 2025 The Daily Pitch is powered by PitchBook's industry-defining research and best-in-class data 👀 PitchBook's 2024 Annual Global PE First Look—the data-only forerunner to our US and European PE Breakdown reports—shows that global PE deal value rose 22% annually and deal count was up 12%. PE exit value climbed 20%, led by a whopping 50% increase in the US. Get the data. 🙋 Solo GPs have become a powerful force in the VC ecosystem, driving deals and going toe-to-toe with the titans of venture. Unlike venture partnerships, solo GPs are accountable only to themselves and their LPs—which can give them a competitive edge on speed and proximity to founders. Full story. Plus... • Our micromobility market map • Europe's top 11 VC deals in 2024   Asian PE fundraising drifts away from China (Baona/Getty Images) PE fundraising in the Asia-Pacific region in 2024 was unremarkable with just shy of $40 billion raised, a slight decline from the previous year. However, what is noteworthy is where the capital is going. For the first time in more than a decade, funds in Greater China accounted for less than half of all LP commitments in the region. Is the regional center of gravity shifting? read more   Share:   A message from PitchBook Data   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:   European VC mega-rounds rare, but AI proves to be a draw (Artur Debat/Getty Images) The number of VC rounds over €100 million ($102 million) in Europe has fallen to its lowest level since 2020 amid a broader slowdown in funding. A significant portion of Europe's largest VC deals in 2024 were in the AI sector, reflecting the technology's growing prominence and investor enthusiasm. read more   Share: Market Map: Micromobility accelerates past sector headwinds (Julia Midkiff/PitchBook News) Micromobility is charting its own course. While the broader mobility tech sector faces a downward trajectory, the micromobility segment has consistently grown for the past three quarters. PitchBook's latest market map highlights which novel forms of transport investors are betting on to move the next generation of travelers. read more   Share:   Since yesterday, the PitchBook Platform added: 483 Deals 2217 People 548 Companies 21 Funds See what our data software can do   The Daily Benchmark: 2014 Vintage Global Real Assets Funds Median IRR 8.36% Top Quartile 12.07% 0.78x Median DPI Select top performers Equis Direct Investment Fund Quantum Energy Partners VI BCP Fund I *IRR: net of fees 48 Funds in Benchmark » Check out the latest version of PitchBook Benchmarks   VC Deals   Berkley-based and Bezos backed KoBold Metals, a mining startup using AI, raised a $537 million Series C led by Durable Capital Partners and T. Rowe Price at a $2.96 billion valuation. AusperBio, a Chinese biotech startup, has raised a $73 million Series B led by HanKang Capital for work on gene therapies. Calo, a Riyadh-based personalized meal plan startup, raised a $25 million Series B led by Nuwa Capital. Rembrand, a Los Angeles-based marketing startup focused on product placement, has raised a $23 million Series A led by super(set). German-based Apheris, a distributed computing platform for the life sciences industry, has raised a $20.8 million Series A led co-led by OTB Ventures and eCapital. North Carolina-based fintech startup Infinant has raised a $15 million Series A led by Fintop Capital.   PE Deals   World Wide Technology has acquired Toronto-listed Softchoice, a technology solutions provider, in an all-cash deal valued at C$1.8 billion. Ecommerce giant Alibaba agreed to sell its 79% stake in Hong Kong-listed Sun Art Retail Group to DCP Capital for up to $1.6 billion. HIG Capital picked up the remaining shares of Microsoft Cloud and AI Solutions provider Quisitive for C$169.1 million. Western Investment Company of Canada has acquired the remaining shares of Fortress Insurance Company for C$3 million. Birch Hill Equity Partners wrapped up its acquisition of Rexall Pharmacy Group and Well.Ca from McKesson, Globe & Mail reported. TPG's Rise Fund could buy Altus Power, a clean power company that assists businesses and households, Reuters reported. WuXi AppTec seeks to divest its cell and gene therapy manufacturing unit and sell to US-based Altaris, Reuters reported. Atlas Holdings acquired Lendlease's UK Construction business, including employees and leadership. Treehouse Wealth Advisors has acquired The Humphreys Group, a San Francisco-based wealth management firm focusing on women's economic empowerment and ESG investing.   Exits   Nvidia has completed its $700 million acquisition of Run:ai, a large language model orchestration and optimization platform backed by Tiger Global and Insight Partners. Thomson Reuters has acquired SafeSend, a Lead Edge Capital-backed tax automation company, for $600 million. Tractor Supply Company has acquired Peninsula Capital Partners-backed online pet pharmacy Allivet. The Riverside Company-backed DelaGet, a developer of restaurant management software, was bought by PAR Technology. Nasdaq-listed Vivid Seats, which is backed by Eldridge Industries and GTCR, is exploring a sale, Bloomberg reported. Watbec Corporation bought Bloom Engineering. The provider of industrial combustion products is backed by Caledonia Investments and Hilltop Private Capital.   Fundraising   Palo Alto-based Accel closed its eighth India fund on $650 million. Helsinki-based Voima Ventures has raised €100 million for a third flagship fund focused on early-stage science startups.   Corporate M&A   In a transaction valued at $1.2 billion, DT Midstream completed its acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK.   Chart of the Day   Source: VC fund extensions are LPs' new normal—blame sluggish unicorn IPOs   Who's in the newsletter today? Investors Accel Altaris Atlas Holdings Birch Hill Equity Partners Caledonia Investments DCP Capital Durable Capital Partners Eldridge Industries Fintop Capital GTCR HIG Capital HanKang Capital Hilltop Private Capital Insight Partners Lead Edge Capital Lendlease McKesson Nuwa Capital Nvidia OTB Ventures Peninsula Capital Partners Rise Fund T. Rowe Price TPG The Riverside Company Thomson Reuters Tiger Global Treehouse Wealth Advisors Voima Ventures eCapital super(set) Companies Alibaba Allivet Altus Power Apheris AusperBio Bloom Engineering Calo DT Midstream DelaGet Fortress Insurance Company Infinant KoBold Metals ONEOK PAR Technology Quisitive Rembrand Rexall Pharmacy Group Run:ai SafeSend Softchoice Sun Art Retail Group The Humphreys Group Tractor Supply Company Vivid Seats Watbec Corporation Well.Ca Western Investment Company of Canada World Wide Technology WuXi AppTec     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 © 2025 PitchBook. Win what's next. All rights reserved.