Technology continued to be an industry of particular focus for private equity (PE) through 2024. Blackstone’s $16 billion acquisition of data center platform Airtrunk was the largest deal of Q3 2024, according to Ernst & Young data, and tech deals accounted for 40% of all private equity deployment by value in the third quarter.
Software-as-a-service (SaaS) remained a strong market for PE deals. That segment has long been a well-understood vertical for PE investors intent on capitalizing on tech-driven See more +
Technology continued to be an industry of particular focus for private equity (PE) through 2024. Blackstone’s $16 billion acquisition of data center platform Airtrunk was the largest deal of Q3 2024, according to Ernst & Young data, and tech deals accounted for 40% of all private equity deployment by value in the third quarter.
Software-as-a-service (SaaS) remained a strong market for PE deals. That segment has long been a well-understood vertical for PE investors intent on capitalizing on tech-driven innovation, and it proved more resilient than others as deal markets bottomed out over the past two years. See less -
