TLDR:
– PE/VC exits worth over $4 billion recorded via open market in Q1 2024
– Largest exit in the first quarter was Brookfield’s exit from Data Infrastructure Trust for $801 million
Private equity and venture capital exits in the first quarter of 2024 reached $5.1 billion across 80 deals, marking a 35% annual increase. This surge was driven by positive stock market sentiment and demand in the primary market, with open-market exits accounting for 84% of all exits by value. Specifically, $4.3 billion was recorded across 46 deals, marking a 105% year-on-year growth in open market exits. The number of exits also saw a 23% increase from the previous year, with the financial services sector leading in terms of exit value at $1.4 billion across 17 deals.
On the other hand, strategic exits saw a decline of 4% from the same period a year ago, with $460 million recorded across 13 deals. PE-backed initial-public-offering exits reached $271 million across 11 deals, a significant rise compared to the previous year. The report also highlighted that the first quarter of 2024 recorded $13.5 billion in PE/VC investments, which was 1% lower than the previous year but 41% higher sequentially.
