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An Updated Outlook for Private Equity in 2025

This year is off to a bumpy start in terms of dealmaking. A multitude of factors, including tariff-a-geddon, supply chain disruption, stubbornly high long-term interest rates (not coming down as expected), deregulation (not...more

A Delay in Exit Plans

There was much hope going into 2025 that we would see a rebound in the IPO market after a bit of a drought over the past few years. We left the uncertainty of the election behind us, and good news on the inflation and...more

The Outlook for US Private Equity in 2025

As we launch into the next quarter century, there is much speculation about what the future holds for private equity (PE) as an asset class and driver in dealmaking. Momentum started to pick up in 2024 with the Fed announcing...more

The 2025 IPO Market

Are we headed for an IPO rebound in 2025? According to a recent CNBC article, a major window for the IPO market could be opening. They point to prime conditions such as markets at new highs, interest rate stabilization, a...more

The Outlook for M&A Activity in Q4 2024

In a highly anticipated move, the Federal Reserve announced an interest rate cut on September 18, reducing rates by 50 basis points to a range of 4.75-5%. This is the first rate cut in four years after interest rates hit a...more

Strategies for the Tech Sector in 2024

After two very difficult years in the tech sector, everyone is hoping for a comeback. We are looking at a more positive economic climate, the prospect of interest rates dropping, and there is much less talk of a recession...more

What to Expect for Venture Capital in 2024: Looking Backward at 2023 to Inform How to Look Forward to 2024

Most startup founders will tell you that securing funding in 2023 was challenging, to say the least. Due to many contributing factors, venture capital investors pulled back on investments and became much more strategic...more

A Look at Q2 M&A and Beyond: Are Conditions Ripe for a Strong 2024 M&A Rebound?

Much has been said about the return of M&A in 2023, and while there are deals happening, it is not the boom that many expected. But could all that change in 2024? Is this year setting the stage for a return to more deals...more

The Year of the Down Round and the Year of the Rabbit

As we ring in the lunar new year around the world, it is the year of the “rabbit” or of the “cat” depending on your version of the zodiac calendar. In Silicon Valley, it is going to be the year of the down round....more

What's next for startup founders in 2023: hold, fold or raise

At the beginning of any new year, startup founders are faced with a choice: stay the course, grow or sell. With significant market headwinds, soaring inflation, and an interest rate environment that looks to be rising as far...more

Will We See the Predicted M&A Spike in 2023?

In 2022, many predicted we would see a spike in M&A due to the economic downturn and the steep drop in startup valuations. However, last year was not the M&A blockbuster that was predicted, and we even saw a drop-off in...more

A Look at Series A Financing Amidst the Downturn

Are we in a downturn? I am no economist, but in the global Silicon Valley, 2022 was all about the early stage in tech. Strong headwinds in financial markets, compressed multiples leading to substantially lower...more

2023 M&A Outlook

There was great speculation that the decreased valuations of 2022 would lead to a surge in M&A activity; however, activity this year has been much lower than anticipated. A multitude of factors have slowed down M&A this year...more

Is it Time to Consider Alternative Financing Strategies?

The economic turmoil of the past six months caused by everything from inflation to interest rate increases to supply chain disruption, not to mention large scale war in Europe, and then massive increases in the price of gas,...more

Rising Interest Rates Could Mean Even More M&A Deals Structured with Cash and Equity

What to Consider When Structuring a Cash and Equity Transaction - We have enjoyed low interest rates for years, leading to an increase in all-cash acquisitions. As valuations soared in 2021, we saw private equity firms...more

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