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The Daily Pitch: VC

December 31, 2024

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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.

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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.

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VC fund extensions are LPs' new normal—blame sluggish unicorn IPOs

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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.

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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.

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6 charts: Japan's VC market comeback

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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.

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PitchBook News - Top 10 sovereign-backed deals in 2024

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