Houlihan Lokey – Growth Equity Valuation U.S. Snapshot

The main theme of the report is the assessment of growth equity in the U.

S. and current market conditions. Key findings include low but stabilizing venture capital fundraising activity, low levels of distributions to investors, signs of recovery in the IPO and M&A markets, continued active investments and exits in the AI sector, a 6.4% year-over-year decline in venture capital dry powder, and increased use of secondary transactions and other strategies to address liquidity challenges.