$36B equity / $20B debt EA
LBOMulti
EA deal structure $36B equity $20B debt
Source: HarbourVest
$602B 2024 buyout activity 37% YoY
LBOMulti
2024 buyout activity $602B +37% YoY
Source: Eqvista
401k retail access 2025+
TrendsLong
DOL rescission opens 401(k) to private markets
Source: EY
90% GPs DC product interest
TrendsLong
90% GPs interested in DC products
Source: EY
ADIA Mubadala UAE LPs
TrendsMulti
ADIA Mubadala UAE SWFs
Source: encyclopedia
Add-on acquisitions buy-and-build
LBOMulti
Buy-and-build add-on acquisitions
Source: Bain
Advent International
MegafundsMulti
Advent International global PE
Source: encyclopedia
Anthropic Series E mega-round
VCLong
Anthropic Series E mega-round 2024
Source: encyclopedia
Anti-dilution full ratchet
VCMulti
Full-ratchet anti-dilution most punitive
Source: encyclopedia
Anti-dilution weighted-average
VCMulti
Weighted-average anti-dilution typical
Source: encyclopedia
Apollo $670B+
MegafundsMulti
Apollo major PE/credit manager
Source: encyclopedia
Asset-stripping breakup PE
LBOShort
Asset-stripping breakup PE strategy
Source: encyclopedia
BIMBO buy-in/management hybrid
LBOMulti
BIMBO hybrid MBO/MBI
Source: encyclopedia
Bain Capital
MegafundsMulti
Bain Capital diversified PE
Source: encyclopedia
Benchmark Founders Fund Khosla
VCLong
Benchmark Founders Fund Khosla
Source: encyclopedia
Blackstone $1.1T AuM
MegafundsMulti
Blackstone largest alternative manager
Source: encyclopedia
Bridgepoint
MegafundsLong
Bridgepoint UK/EU PE
Source: encyclopedia
CVC Capital Partners EU
MegafundsLong
CVC large European PE
Source: encyclopedia
CalPERS CalSTRS US pensions
TrendsMulti
CalPERS CalSTRS major US LPs
Source: encyclopedia
Carlyle $400B+
MegafundsMulti
Carlyle Group major PE
Source: encyclopedia
Carve-out from corporate
LBOMulti
Carve-out divisions from larger corporates
Source: PwC
Cinven EU
MegafundsLong
Cinven European PE
Source: encyclopedia
Consumer discretionary PE
SectorsMulti
Consumer discretionary PE plays
Source: encyclopedia
Continuation vehicles GP-led
TrendsMulti
Continuation vehicles GP-led secondaries
Source: encyclopedia
Convertible note debt-to-equity
VCMulti
Convertible note converts to equity at next round
Source: encyclopedia
Cybersecurity consolidation 2025
SectorsLong
Cybersecurity consolidation 2025 by PE
Source: CherryBekaert
DPI focus distributions
TrendsMulti
LP focus shifting to DPI distributions
Source: Bain
Data-enabled transformation lever
LBOMulti
Data-enabled transformation lever
Source: PwC
Debt paydown deleveraging
LBOMulti
Debt paydown deleverages over hold
Source: encyclopedia
Dividend recap leverage
LBOMulti
Dividend recap pulls cash via debt
Source: encyclopedia
Drag-along rights
VCMulti
Drag-along forces minority sellers to follow
Source: encyclopedia
Dry powder $1.1T near record
TrendsMulti
Dry powder ~$1.1T near record
Source: CherryBekaert
EA $55B largest LBO ever 2025
LBOLong
Silver Lake/Affinity/PIF EA $55B 2025
Source: HarbourVest
EBITDA growth value creation
LBOMulti
EBITDA growth most important driver
Source: encyclopedia
EQT $250B+
MegafundsMulti
EQT European PE major
Source: encyclopedia
Financial services PE
SectorsMulti
Financial services PE plays
Source: encyclopedia
GIC Singapore active LP
TrendsMulti
GIC Singapore SWF active in PE
Source: encyclopedia
General Atlantic
MegafundsMulti
General Atlantic growth-focused
Source: encyclopedia
Going-concern entire company
LBOMulti
Going-concern - acquire whole entity
Source: encyclopedia
Growth buyout hybrid
Growth BuyoutMulti
Growth buyout - control + growth focus
Source: Wikipedia
Growth equity 8.3% Q2 2025
Growth EquityMulti
Growth equity 8.3% of Q2 2025 PE deal value
Source: CherryBekaert
Growth equity SaaS focus
Growth EquityLong
Growth equity SaaS heavy concentration
Source: encyclopedia
Growth equity TPG Insight
Growth EquityMulti
TPG Capital Insight Partners growth-equity leaders
Source: encyclopedia
Growth funds 117% target 2025
Growth EquityLong
Growth funds reaching 117% targets 2025
Source: RopesGray
Healthcare $62B H1 2025
SectorsLong
Healthcare PE $62B H1 2025
Source: Eqvista
Healthtech 31% of healthcare PE
SectorsLong
Healthtech 31% of healthcare PE deals
Source: Eqvista
Hellman & Friedman
MegafundsLong
Hellman & Friedman large-cap PE
Source: encyclopedia
Hold periods extended 6-7y
TrendsMulti
Hold periods 6-7y vs historical 4-5y
Source: encyclopedia
Industrials roll-ups
SectorsLong
Industrial roll-ups via PE
Source: encyclopedia
Interest deduction limit 30% rule
TrendsMulti
30% interest deduction limit relaxed in OBBBA
Source: CherryBekaert
KKR $620B+
MegafundsMulti
KKR major PE manager
Source: encyclopedia
LBO 70-80% debt typical
LBOMulti
LBO uses 70-80% debt + 20-30% equity
Source: Eqvista
LBO H1 2025 $150B value
LBOMulti
LBO H1 2025 $150B - 70% of 2024
Source: Eqvista
LBO equity contribution rising
LBOMulti
Equity contributions higher post-2022
Source: RopesGray
LBO loan vol +57% to $61B 2024
LBOMulti
LBO loan volume +57% to $61B 2024
Source: Eqvista
Late-stage venture / growth crossover
Growth EquityMulti
Growth equity bridges late-stage VC to PE
Source: encyclopedia
Management buy-in MBI
LBOMulti
MBI external management leads
Source: encyclopedia
Management buyout MBO
LBOMulti
MBO management leads buyout
Source: encyclopedia
Medeline $34B 2021 deal
LBOLong
Blackstone/Carlyle/H&F Medeline $34B 2021
Source: Eqvista
Minority stake non-control
Growth EquityMulti
Growth equity often minority stake
Source: encyclopedia
Multiple expansion exit lever
LBOMulti
Multiple expansion - exit at higher multiple
Source: encyclopedia
Norway NBIM low PE allocation
TrendsMulti
Norway NBIM avoids private markets historically
Source: encyclopedia
OBBBA tax incentive PE
TrendsMulti
OBBBA bill - PE tax-incentive favorable
Source: CherryBekaert
Ontario Teachers / OMERS Canada
TrendsMulti
Canadian pensions sophisticated LPs
Source: encyclopedia
OpenAI $500B valuation Oct 2025
VCLong
OpenAI $6.6B raise at $500B valuation Oct 2025
Source: HarbourVest
Operational improvement value
LBOMulti
Operational improvement primary value lever 2026
Source: PwC
PIF Saudi $700B SWF major LP
TrendsLong
PIF Saudi major PE LP
Source: encyclopedia
Participating preferred
VCMulti
Participating preferred - capital + share
Source: encyclopedia
Permira EU
MegafundsLong
Permira European PE
Source: encyclopedia
Pre-seed angel friends/family
VCMulti
Pre-seed - angel + friends + family
Source: encyclopedia
Preferred stock 1x liq pref
VCMulti
Preferred stock typical 1x liq preference
Source: encyclopedia
Pro-rata rights
VCMulti
Pro-rata rights to maintain ownership
Source: encyclopedia
Profitable growth focus 2025+
Growth EquityMulti
Shift to profitable growth from "growth at any cost"
Source: encyclopedia
Public-to-private take-private
LBOMulti
Public-to-private (P2P) take-private deals
Source: encyclopedia
Roll-up consolidation strategy
LBOMulti
Roll-up sector consolidation strategy
Source: encyclopedia
SAFE simple agreement future equity
VCMulti
SAFE simple investment instrument YC
Source: encyclopedia
SWF coinvestment 2025+
TrendsLong
SWF active strategic coinvestors
Source: EY
Secondary buyout SBO PE-to-PE
LBOMulti
Secondary buyout PE-to-PE sale
Source: encyclopedia
Sector specialization domain mastery
LBOMulti
Sector specialization for value creation
Source: PwC
Seed Y Combinator A16Z startup
VCMulti
Seed - YC + A16Z + Sequoia + USV
Source: encyclopedia
Sequoia Andreessen Accel Greylock
VCLong
Top-tier venture - Sequoia A16Z Accel Greylock
Source: encyclopedia
Series A first institutional
VCMulti
Series A first institutional venture
Source: encyclopedia
Series B-D scale-up rounds
VCMulti
B-D scale-up funding rounds
Source: encyclopedia
Series E+ pre-IPO mega rounds
VCMulti
E+ rounds typically pre-IPO mega-rounds
Source: encyclopedia
Silver Lake Tech
MegafundsLong
Silver Lake tech-focused mega PE
Source: HarbourVest
Sycamore Walgreens $23.7B
LBOLong
Sycamore Partners' WBA take-private $23.7B
Source: CherryBekaert
TPG Capital
MegafundsMulti
TPG Capital large diversified PE
Source: encyclopedia
Tag-along rights
VCMulti
Tag-along lets minority follow majority sale
Source: encyclopedia
Tariff volatility April 2025
TrendsMulti
April 2025 tariff shocks paused dealmaking briefly
Source: CherryBekaert
Tech 20%+ buyout value
SectorsLong
Tech sector 20%+ of buyout value
Source: Eqvista
Techstars 500 Global
VCLong
Techstars 500 Global accelerators
Source: encyclopedia
Tertiary buyout 3rd PE owner
LBOMulti
Tertiary buyout 3rd PE owner
Source: encyclopedia
Thoma Bravo Software
MegafundsLong
Thoma Bravo software-focused
Source: encyclopedia
Tiger Global Coatue crossover
VCLong
Tiger Global Coatue crossover funds
Source: encyclopedia
USV Lightspeed Bessemer
VCLong
USV Lightspeed Bessemer top venture
Source: encyclopedia
Vista Equity Software
MegafundsLong
Vista Equity Partners SaaS-focused
Source: encyclopedia
Warburg Pincus
MegafundsMulti
Warburg Pincus diversified growth + buyout
Source: encyclopedia
Y Combinator pre-seed
VCLong
YC most prestigious accelerator
Source: encyclopedia
Yale endowment model
TrendsMulti
Yale endowment model heavy alts
Source: encyclopedia
xAI $40B+ raise 2024-25
VCLong
Musk xAI mega-rounds
Source: encyclopedia
An encyclopedia of publicly documented strategies for education. YCAI does not recommend, endorse, or trade any of these. Not investment advice.