KPMG Private Equity Connect - Autumn 2025

Following the release of the Pulse of Private Equity series, we were proud to bring you the 2025 Autumn edition of our Private Equity Connect sessions in Guernsey, London and Jersey.

Our Pulse of Private Equity series provides you with quarterly insights into the private equity market globally and in major regions around the world. Our unique methodology goes beyond buyouts to capture the full gamut of major PE deals activity; we also share perspectives into the market factors influencing key investment trends and look at how key trends might evolve over time.

Slides from the events are available to download below.

The private equity market continues to navigate a complex global landscape, where uncertainty and opportunity often coexist. Our PE Connect Autumn events brought together the Private Equity Leader community to share perspectives and explore what’s shaping the market today.

Across all sessions, we spotlighted global and regional trends, including the anticipated recovery in deal activity as macroeconomic conditions improve and interest rates decline. The reopening of IPO markets in the US and Asia is expected to create new exit pathways, though liquidity challenges remain a critical hurdle for the industry.

Technology dominated the conversation, with AI emerging as a key investment theme. From data centres to energy infrastructure, PE investors are actively seeking ways to capitalise on the rapid evolution of AI. At the same time, government investment in defence, infrastructure, and technology autonomy is expected to drive further opportunities over the coming quarters.

As always, it was fantastic to engage with our guests and exchange insights on how these trends will shape strategies for the months ahead.

• Matthew Stubbington and Hannah Widdop showcased some exciting advances that KPMG are making in our tech and innovation offering for Private Equity.
• Jennifer McLemore, provided an overview of topical matters evolving in the PE Tax space, including Carried Interest reform and the US landscape.
• Admire Muranganwa provided a rundown of key PE trends and valuation insights, and was joined in a fireside discussion by Mark Ashburn (Deal Advisory), and Chloe Mattock, to discuss recent insights. 

Wednesday 12 November

• Matthew Stubbington and Nicole Patterson-Vanegas showcased some exciting advances that KPMG are making in our tech and innovation offering for Private Equity.

• Sarah Hume provided a run down of key PE trends and valuation insights and was joined in a fireside discussion with Matthew Warren (Corporate Finance) and Peter Crabb (PE Audit) to discuss recent insights. 

• Eli Hillman provided an outline of topical matters evolving in the PE Tax space and was joined in panel by our PE tax experts from our wider network, Hannah B Lipstone (KPMG US), Sacha Thill (KPMG Luxembourg), and Matt Thomas (Channel Islands), to discuss Carried Interest reform and the US landscape.

We closed our session with a wrap up from Jonathan Martin and Ben Honeywood.

Thursday 13 November

• Matthew Stubbington showcased some exciting advances that KPMG is making in our tech and innovation offering for Private Equity.

• Sarah Hume (PE Audit) and Alex Masterton (Deal Advisory) provided a rundown of recent key PE trends and valuation insights.

• Matt Thomas provided an outline of topical matters evolving in the PE Tax space, and was joined by Eli Hillman from KPMG UK, to discuss Carried Interest reform and the US landscape.