PitchBook：2024年二季度美国公共PE和GP交易综述报告（英文版）

GP consolidation is happening. Deal flow involving GP franchises as targets is on track to smash the 2021 high and set a new alltime record. GP deal count is up 84.0% YTD and should easily surpass the prior record of 114 deals in 2021. Control transactions by GPs are on pace to exceed 75 this year, compared to 42 in 2023. Strategic minority transactions are also up sharply and often feature traditional LPs crossing over to invest in GP franchises in more specialized strategies. A staggering $