PitchBook

Meet PitchBook Credit, powered by Leveraged Commentary & Data (LCD), our new comprehensive credit intelligence solution that provides you with the tools and features you need to drive intuitive data discovery and inform action. Learn more about its capabilities at: https://pitchb.co/ZzEupf

💊 We recently launched new coverage of the pharmatech sector, which includes contract organizations and outsourcing services for drug research, development, and manufacturing. Get a full lay of the land in our Emerging Tech Research Launch report on the subject, with exclusive analysis from PitchBook Senior Analyst Kazi Helal, Ph.D. Download a copy of the report for a closer look at the #pharmatech market landscape, how the space has evolved, and #PE and #VC deal activity. “It’s an industry to watch because it had been dominated by a few players—but that’s been shaken up,” Helal says. Find the report here: https://pitchb.co/edqgBr

🎓 The largest public university system endowment in the US will prioritize value-creation strategies like direct and co-investments in its five-year strategic plan, aligning itself with some of the country’s largest and most sophisticated #allocators as they devise strategies to mirror the Canada model. The University of Texas/Texas A&M Investment Management Company (UTIMCO), which oversees the collective $74.6 billion in assets under management for the university systems, wants to increase its AUM by about $20 billion by 2029, according to the #investment staff’s new 5-year plan, presented in June. The group plans to achieve this by enhancing the value of its capital through strategies including GP stakes, secondaries, and direct and co-investments. More from our news team here: https://pitchb.co/H5xpdK

Climate-tech startups like Northvolt and KoBold Metals have risen rapidly and could be gearing themselves up for #IPO in the near future. Who else is on the list? Check out these 10 venture-backed #climate companies with a high likelihood of going public. 🗞 Read more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of VC, PE and M&A. Find it here 👇 

Throughout June, our Prism employee resource group organized a rich curriculum across our global offices to celebrate and recognize the LGBTQIA+ community. Prism does this year-round by providing a safe and supportive environment for LGBTQIA+ individuals, allies, and advocates to connect and build #community within our company. Thank you to our Prism team members for bringing awareness to their initiatives, educating fellow employees, and having fun while celebrating the LGBTQIA+ community! #LifeAtPB

They sure don’t make opportunity funds like they used to. Propelled by the venture boom of 2020 and 2021, nine-figure vehicles used to double down on star portfolio companies became du jour. A combination of low rates and ample limited partner dry powder overheated startup valuations like a dry cycle on a top-of-the-line Maytag. Companies with unproven—perhaps even improbable—business plans raked in cash faster than they knew what to do with it. Freeflow Ventures’ $15 million opportunity fund is a smaller take on the opportunistic raises of the last venture cycle. Learn more here 👉 https://lnkd.in/gu3GzJX4

There’s no denying that the savings generated by refinancing loans in the syndicated loan market, away from private credit, was worthwhile in Q2. In response, private credit lenders have employed a myriad of tactics to avoid losing deals, most notably: they've given up spread to compete with multiyear lows in the BSL market, according to PitchBook LCD data. Learn more from our #research team here: https://lnkd.in/g6CSKGbp   The full extent of damage done by the repricing and refinancing wave to private credit loan portfolios will emerge in the BDC earnings for the quarter ended June 30, which PitchBook LCD will be closely watching.      This week, PitchBook LCD announced the integration of Business Development Company (BDC) portfolio holdings #data to help provide increased transparency into the opaque private credit market. With this dataset integration, PitchBook Credit is now a complete, centralized solution that allows our users to easily track market activity, benchmark performance, source and comp deals and assess risk.     Learn more about its capabilities here: https://lnkd.in/g2v-Eg8q

AI may still be the future, but how will #startups survive until that future arrives? Our news team explores that here 👇 https://lnkd.in/gBUSizcG

Nvidia’s GPUs have become #SiliconValley's hottest commodity. But for Sid Siddeek, the head of Nvidia's VC arm, it's business as usual. Also share your thoughts on ESG and impact investing in our Sustainable Investment Survey.   🗞 Learn more in this edition of The Weekly Pitch, along with the week’s top news and research from our team of industry-leading sources for info on the worlds of #VC, PE and M&A. 

Join Shyan, an account manager in our London office, for a ✨very special edition✨ behind the scenes look at our annual PitchBook #Football Tournament! ⚽️ Last month, dozens of our clients from across the globe arrived at Emirates Stadium, home of the storied Arsenal F.C. Players kitted up in the home changing room, met the great Ray Parlour, and took to the pitch—competing in a round robin-style tournament on the #Gunners homefield. Fun but fierce, an incredible time was had by all and proceeds went to charities chosen by the winning teams—Autism Jersey and the The Yandisa Foundation. Until next year, footballers! 💙 #Arsenal #ClientSuccess #CapitalMarkets #PrivateMarkets