TLDR:
– Private equity and venture capital investments in June 2024 totaled $3.1 billion
– Number of deals decreased compared to May, but average deal size increased
In June 2024, private equity (PE) and venture capital (VC) investments touched $3.1 billion, boosted by large transactions in the market. Although the total number of deals decreased from May, the average deal size saw a significant increase. TPG Capital’s $900 million investment in digital services firm Altimetrik and $600 million investment in Zepto were among the major deals of the month. Other big-ticket investments included fintech Ugro Capital, logistics provider Ecom Express, and eyewear brand Lenskart. The average deal size in both growth ventures and growth PE categories saw notable jumps in the May-June period. Arun Natarajan, founder of Venture Intelligence, noted that the average deal size increase contributed to the higher total investments in June. Mega transactions like Zepto and Altimetrik deals indicate a return of investor confidence, with potential for more PE-VC inflow in the future. However, sustainability of this trend remains to be seen.
