Here is the output:
Source: Fortune
Summary
PitchBook’s 2026 Private Equity Outlook event highlighted the current state of private equity. Exits are up, with 2025 being the second-best year for exits ever, with 1,600 exits and $730 billion in exit value. However, fundraising is down, making it challenging for PE-backed companies to find exits and for sponsors to raise their next round. Sectors to watch include software and energy, with power and energy being a “binary” opportunity.
Our Reading
The announcement sounds familiar.
PitchBook’s 2026 Private Equity Outlook event revealed a mixed bag for the industry. Exits are up, but fundraising is down, leaving many PE-backed companies struggling to find exits and sponsors struggling to raise their next round.
The good news is that exits are up, with 2025 being the second-best year for exits ever. However, this momentum needs to be sustained in the year ahead to make up for lost time.
On the other hand, fundraising is down, marking the worst year for capital formation since 2020.
Some sectors to watch include software and energy, with power and energy being a “binary” opportunity.
The strategy enters a familiar phase of uncertainty.
Original Observation: “Exits are up, but the pressure is on to sustain momentum.”
Author: Evan Null
