1、Pulse of Private Equity Q125 April 2025KPMG.Make the Difference.A KPMG quarterly analysis of global private equity activity.2 2025 Copyright owned by one or more of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.2025 Copyright owned by

2、one or more of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.Welcome to the first edition of KPMGs Pulse of Private Equity.Our Pulse of Private Equity series seeks to provide quarterly insights into the private equity market globally a

3、nd in major regions around the world.Our methodology aims to go beyond buyouts to capture the full gamut of major PE deals activity;we also share perspectives into the market factors influencing key investment trends and look at how key trends might evolve over time.Entering 2025,the sentiment of PE

4、 investors was cautiously optimistic,driven in part by an uptick in global PE deals activity to a seven-quarter-high of 4,958 deals in Q424.Many investors believed that macroeconomic uncertainties were beginning to stabilize,and that the pressure for distribution to paid-in capital(DPI)would pave th

5、e way for an increasingly active investment environment.The reality,however,was much more subdued,with the deal count dropping to 3,762 in Q125.Total PE investment also dropped quarter-over-quarter,from$463.8 billion in Q424 to$444.9 billion in Q125 although it was substantially higher than in Q124(

6、$381.9 billion).The Americas attracted more than half of all globally announced PE activity,accounting for$287.1 billion of investment across 1,868 deals during Q125,including the$23.7 billion proposed take-private of Walgreen Boots Alliance1 and BlackRocks$22.8 billion proposed investment in approx