Chart of the week

Showing 1–6 insights out of 87 results
Chart of the week

Mid-market PE managers less impacted by slowing IPOs

Private equity sponsor-to-sponsor exits have seen notable growth over the past five years, creating a ripe environment for middle market PE managers.

Column chart showing the change in private equity exits by channel over the past year and five years. Sponsor-to-sponsor exits saw the greatest increase over both time periods—141% over the 1-year period and 26% over the five-year period. Exits via IPO—a preferred avenue for large-cap PE sponsors—jumped in 2024 but fell nearly 50% over the past five years. The evolution in exits by channel highlights one benefit for middle market PE sponsors: greater exit optionality.
Chart of the week

Domestic resilience in vogue amid selloff

S&P firms with a global focus have been at the heart of this year’s selloff. U.S.-oriented firms have skirted trade tensions and fared better.

Line chart that splits the S&P 500 based on revenue sources: Higher-than-average foreign (black line) vs. domestic (orange line). Amid rising trade tensions, the 250 companies with the highest percentage of domestic sales have significantly outpaced those that derive more revenue from foreign sources.
Chart of the week

Small cap stocks confront growing quality issues

70% of Russell 2000 companies that have IPO’d since 2020 have negative earnings, highlighting the challenges facing public small cap markets.

Chart of the week

Middle market private equity: Growth at a reasonable price

Private middle market companies offer attractive growth at cheaper valuations than either large/mega-cap private firms or public equities.

Chart of the week

Investor sentiment outpacing earnings?

Investor sentiment has raced to all-time highs. Could investors be overlooking potential volatility drivers, including moderating earnings forecasts?

Line chart contrasting the S&P 500’s relatively straight path higher this year with earnings forecasts for 2025, which have clearly decelerated during recent months.
Chart of the week

As small caps return to favor, quality remains a concern

Markets have turned risk-on since the election, as investors again embrace small caps. But 43% of Russell 2000 companies generate negative earnings.

Line chart showing the percentage of Russell 2000 (small cap) companies that generate negative earnings. The percentage has gradually moved higher, from 14% in 1994, to 43% as of Q3 2024. The diminishing quality of public small cap companies highlights the larger shift in the investment opportunity set and suggests private markets may offer better access to firms with stronger growth prospects.
Showing 1–6 insights out of 87 results

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