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23 October 2025 – At the end of Q3’25, global PE deal volume was $1.5 trillion — on pace to reach a four-year high should investment remain steady through Q4’25. The buoyant investment is notable given the significant decline in deal volume — from 15,083 deals in the first three quarters of 2024 to 13,574 in the first three quarters of 2025.

After some pullback in PE investment in Q2’25 — driven largely by geopolitical tensions and uncertainties related to US tariffs — Q3’25 saw global PE investment reach $537.1 billion according to KPMG’s Q3’25 Pulse of Private Equity. The buoyant deal value was helped significantly by three very large public-to-private transactions in the US: Electronic Arts ($54.6 billion), Air Lease ($28.2 billion), and Dayforce ($12.4 billion).

The Americas accounted for 60% of global PE value in Q3’25 ($322.9 billion), and just under half of the total number of deals (1,977). Of this total, the US accounted for $300.2 billion across 1,971 deals. The EMA region came a distant second—with $178.3 billion in PE investment across 1,736 deals during Q3’25, led by the $7.7 billion buyout of UK-based Pension Insurance Corporation — while Asia saw $30.6 billion in PE investment across 253 deals — led by the $2.1 billion buyout of Australia-based Insignia Financial.

At a sector level, the TMT sector attracted the largest share of PE investment globally in the first three quarters of 2025 ($469 billion), although the level of investment was tracking well shy of the $647.3 billion seen in 2024. Meanwhile, PE investment in the infrastructure and transportation space was already $126.3 billion at the end of Q3’25 — far ahead of the $99.4 billion and $98.7 billion seen during 2023 and 2024 respectively.