KPMG's Pulse of Private Equity report offers a detailed analysis of global private equity (PE) trends and investments.
In this quarter’s edition, we dive deep into the factors affecting the market, movements in capital, and sector-specific insights that shape private equity activity in the current economic climate. We also examine several global and regional trends and provide an insightful spotlight on UK private equity activity.
Although deal volumes across the ASPAC region declined in Q1 due to reduced private equity investments in China, investment activity in Australia nearly doubled, signalling potential spillover into the New Zealand market. Despite ongoing investor caution, competition remains strong for high-quality assets, particularly in the energy, infrastructure, and healthtech sectors. On the ground, there is a noticeable shift in PE investment towards domestically focused companies, driven by lingering uncertainty around the trajectory of the tariff wars.
Global private equity highlights of Q2'25:
- Global PE investment totals $363.7 billion during Q2’25
- PE deal volume drops from 4527 deals globally in Q1’25 to 3,769 in Q2’25
- US sees $202.0 billion in PE investment in Q2’25 – more than half of global total
Ed Meredith
Partner - Deal Advisory
KPMG in New Zealand