U.S. middle market shows notably strong top-line growth
Private middle market firms continue to power the U.S. economy, driving higher revenue growth than that of small and large cap firms.
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.
Shrinking public markets mean growth in private markets
Take-private volume has outpaced IPO volume by 3.5x since 2022. This represents an accelerating shift in opportunity toward private markets.
Middle market at the center of U.S. job growth
With employment data in focus, the middle market has shined, outpacing job growth in small and large-cap firms by more than double.
Middle market private equity outperforms amid elevated rates
Middle market private equity has outperformed mega cap PE amid the elevated rate environment since Q2 2022. It remains well-positioned today.
U.S. middle market: At the sweet spot of private equity
Private equity fundraising has far outpaced transaction volume among large-cap sponsors, while the middle market has been more closely aligned to the opportunity set, leading to more attractive valuations.
