| |
In today's Daily Pitch, you'll find: - Our latest PitchBook-NVCA Venture Monitor explores how dealmaking, exits, fundraising and valuations are responding to a tighter investing environment.
- We've launched our 2022 Sustainable Investing Survey to measure how private market participants are incorporating impact strategies and/or ESG risk factors. Take the survey here.
- M&A activity in the oil and gas industry has maintained momentum through tumultuous markets in 2022.
| | | | | |
| |
| |
| Strong fundraising in Q2 a positive sign for VC market | | The second quarter of 2022 saw a tighter investing environment for the US venture ecosystem. However, several areas of the VC market seem to be relatively unaffected thus far—including the earliest stages of venture, which continue to show strong dealmaking activity, and fundraising for large VC funds, which continue to attract interest from LPs.
The latest PitchBook-NVCA Venture Monitor, sponsored by Insperity and J.P. Morgan, details how dealmaking, exits, fundraising and valuations responded to venture investors reassessing their investment pace and strategies during Q2. Key takeaways include: - More than 100 late-stage mega-deals were closed for the sixth consecutive quarter, but the final tally for Q2 is the lowest during that streak by roughly 26%.
- The IPO window was virtually shut in Q2 as VC-backed public listings reached a 13-year quarterly low.
- Fundraising topped $120 billion for the second consecutive year, driven primarily by established managers across the US.
| | | | | | | | | Energy producers put cash to work in M&A, often to private equity's benefit | |  | | (Anton Petrus/Getty Images) | | | Mergers and acquisitions in the oil and gas industry have maintained momentum through tumultuous markets in 2022, amid industry consolidation and an abundance of cash from sky-high energy prices.
Much of the deal activity is being driven by strategic acquirers who are concentrating their position, giving private equity firms a chance to cash out on their fossil fuel holdings. | | | | | | | |
| |
| |
| How liquidity prospects are growing more complex | | After a spate of historic listings and M&A for expansion-stage companies, geopolitical and market volatility has rendered exit prospects much more complex. The latest edition of Road to Next delves into the latest exit trends, analyzing how expansion-stage companies can best prepare, given broader market circumstances. Highlights include: - Analysis of key metrics such as valuations
- Commentary from Deloitte partners on best practices to combat volatility
- Insights on how liquidity trends have varied across regions
Read it now | | | | | | | |
| |
| Surveying sustainable investing practices | | PitchBook is taking the pulse of investors and other private market participants on their incorporation of impact strategies and/or ESG risk factors. Please share your firm's approach to sustainable investing and what drives it. The survey will take about 10 minutes.
All who complete the survey will have the opportunity to enter a prize drawing, and for each completed response, PitchBook will make a donation to World Central Kitchen. | | | | | | | | | | The turbocharged business model behind fast-fashion behemoth Shein, one of the world's top startups, is becoming the biggest threat to its continued success. [Bloomberg]
Digging up minerals for rechargeable batteries has a high initial environmental cost, but that may be worth it to reach the infinity loop of recycling those minerals indefinitely. [The Atlantic]
Venture capitalists made their bet on Teneobio pay off, illustrating the creativity some investors are using to wring profits from the biotech sector. [The Wall Street Journal] | | | | | |
| |
| |
| | Since yesterday, the PitchBook Platform added: | | 450 Deals | 2056 People | 501 Companies | 28 Funds | | | | | | |
| |
| |
| |
| |
| |
| 2018 Vintage North American Funds-of-Funds | | | | | | |
| |
| |
| | | Tecton has raised a $100 million Series C led by Kleiner Perkins. Based in the Bay Area, the company offers a platform designed to help engineers and data scientists build and deploy machine learning-driven applications. | | | | | | | Beauty tech company Mayvenn brings in $40M | | | Mayvenn has raised a $40 million Series C led by Cleveland Avenue. Founded in 2013, the California-based company runs an online retail platform for beauty services and products. | | | | | | | | | Pulley has raised a $40 million Series B led by Founders Fund. The San Francisco-based company is the provider of a cap table and equity management platform. | | | | | | | | | Deci has raised a $25 million Series B led by Insight Partners. Based in Israel, the company created a deep learning platform to help AI teams build applications across industries such as medicine, manufacturing and transportation. | | | | | | | Moving Analytics nabs $20M Series A | | | | | | |
| |
| |
| Golden Gate Capital to invest $200M in Pico | | | Golden Gate Capital has agreed to invest $200 million in Pico, a provider of technology services, software, data and analytics for the financial markets industry. | | | | | | | Apollo makes $175M investment in Summit Ridge | | | Apollo Global Management has agreed to make a $175 million investment in Summit Ridge Energy, an owner-operator of community solar assets. By the end of 2023, Summit Ridge expects to provide energy to 175,000 residential and commercial customers. | | | | | | | Bessemer Investors backs RotoCo | | | Bessemer Investors has invested in RotoCo, a franchisee of Roto-Rooter Plumbing and Drain Service. Founded in 1974, RotoCo operates businesses throughout California. | | | | | | | Sun Capital Partners lands Andersen Commercial Plumbing | | | | | | | | RAF Industries, Blue Sage swap Ligchine | | | | | | |
| |
| |
| |
| Valor Equity wraps up $595M vehicle | | | Valor Equity Partners has closed Valor Siren Ventures II on $595 million. The vehicle will target early-stage companies focused on technology and sustainability in the food and retail sectors. | | | | | | | KKR closes debut asset-based finance fund | | | KKR has closed its inaugural fund dedicated to asset-based finance investments on $2.1 billion. The vehicle will target credit investments backed by financial and hard assets. | | | | | |
| |
| |
| UK's Warwick Capital expands to US | | | Special situations firm Warwick Capital has expanded its presence in the US by opening two offices and appointing two partners to drive growth. The offices are in Houston and Stamford, Conn. | | | | | |
| |
| |
| |
| |
No comments:
Post a Comment