PE Pulse: key takeaways from Q3 2025

PE Pulse: key takeaways from Q3 2025

From NextWave Private Equity by Bridget Walsh, EY

October 23, 2025 · 9 min

About this episode

This episode discusses the surge in private equity activity in Q3 2025, highlighting record deal values and a positive market outlook.

In Q3 2025, private equity activity surged, achieving a record US$310b in deal value as firms capitalized on narrowing valuation gaps and renewed market confidence. With 156 deals announced, including six exceeding US$10b, the sector is pivoting towards larger transactions. Improved financing conditions and creative deal structures are facilitating this momentum. Looking ahead, 61% of firms anticipate increased exit activity, signalling a robust outlook as the market embraces a "risk on" approach, balancing optimism with discipline. All data contained in this document is sourced from Dealogic, PitchBook, and EY analysis unless otherwise noted. The Dealogic data in this report are under license by ION. ION retains and reserves all rights in such data.

Topics covered

  • private equity
  • deal value
  • market confidence
  • exit activity

Keywords

  • Q3 2025
  • deal structures
  • financing conditions
  • risk on approach

Mentioned in this episode

Products: Dealogic, PitchBook, EY analysis

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