Recent macroeconomic data has suggested that the fight against inflation remains ongoing and has caused the market to adjust expectations for rate cuts in 2024 with the expectation that rates will remain elevated for longer. Despite this, public markets performed well in Q1 and there were several notable debuts in the IPO market. M&A markets also showed promise in Q1, with several large transactions being announced and M&A activity rebounding from a subdued 2023. Nonetheless, overall deal activity remains lower than historical norms even as record amounts of dry powder pile up to fuel future deal activity.

Join RA Capital for Our Quarterly Review of the Data and Trends for M&A and the Capital Markets

Discussion Topics:

• Public market activity, valuations and IPO issuances
• Venture capital activity and the outlook for VC investment
• Debt markets trends, including current rates and spreads, leverage levels and private debt activity
• M&A activity and valuations across sectors and transaction sizes
• Private equity trends in investment activity, fund raising and exits
• Market outlook for 2024