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Value creation is at the core of every transaction investment thesis. Our business is organized, resourced and led to help private equity firms transform companies and increase their ability to create more value across their portfolio.
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Tech continues to be a powerful theme, driven by both a rotation back into more growth-oriented assets in light of rate cuts, and the long-term secular promise of the sector. Technology deals accounted for 40% of private equity deployment by value in Q3, up from 34% in Q1. Spaces like data infrastructure continue to attract significant attention – Blackstone’s US$16b acquisition of Airtrunk (alongside CPPIB) represented the largest deal of the quarter and another in a string of deals driven by long-term secular themes, including companies’ continued transition to the cloud, growth in the Internet of Things (IoT) space, and rapidly growing data needs from AI adoption. It’s estimated, for example, that the data demands of generative AI (GenAI) applications could result in a fiftyfold increase in the number of workloads processed worldwide by 2028. In aggregate, 70% of GPs we surveyed expect an increase in tech deals over the next six months, the most of any sector.