Private-equity fund multiples under pressure
Private-equity fund multiples under pressure
Chart • July 27, 2025
In this chart
2024 marked the third straight year when private-equity funds exited investments at lower multiples than assets still on the books.
Read more about valuations and the path to exits
Mind the valuation gap: Exit multiples under pressure
Data as of Q4 2024. Source: MSCI Private Capital Universe.