REPORT

How Private Markets Shaped 2025: M&A Chartbook

Private capital took the lead in 2025 dealmaking as AI, scale and record private valuations reshaped how buyers and sellers priced risk and growth. This chartbook shows how private-market activity increasingly set the direction for M&A, IPOs and strategic exits even when public markets grabbed attention.

Across US and global data, the report tracks how venture funding, late-stage valuations and sector rotation in tech, healthcare, industrials and infrastructure fed directly into bigger deals and shifting exit routes heading into 2026.

Key report highlights:

  • Tech deal value hit an all-time high as AI capital concentration intensified
  • Private valuations in the tens and hundreds of billions reset buyer expectations
  • Mega-deals returned as IPOs and take-privates battled for exit dominance

Download the report now to see how data-backed forces drive M&A and why private markets are now impossible to ignore.

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