Capital market dealmaking continued to strengthen in the third quarter as greater macroeconomic clarity spurred a broad rebound in activity. M&A accelerated considerably in dollar terms, led by large strategic transactions and further supported by stabilizing valuations. Despite ongoing concerns around inflation and a subdued fundraising environment, private equity and venture capital firms are actively deploying capital, buoyed by more favorable financing conditions and growing exit momentum. Overall, market participants are showing renewed enthusiasm, with appetite poised to expand should conditions continue to improve.

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

To watch the Q3 2025 Private Capital Markets Update, click here: Replay

Discussion Topics:

• Venture capital activity and the outlook for VC investment
• IPO issuances and public market valuations
• M&A activity and valuations across sectors and transaction sizes
• Debt market trends, including current pricing and risk spreads, leverage levels and private debt activity
• Private equity trends in investment activity, fund raising and exits
• Market outlook for the remainder of 2025