PitchBook：2025年二季度消费者零售与服务报告（英文版）

In Q3 2024, we anticipated a recovery in consumer PE deal activity could arrive by mid-2025. But in the interim, macroeconomic and geopolitical uncertainty, elevated interest rates, and eroded consumer sentiment stalled deal flow. An estimated 128 deals closed in Q2, bringing H1’s total to an estimated 269 deals, with a projected run rate of 45.2% of fiscal year 2024. The broader PE asset class opened the year buoyed by accessible credit, debt, and downward expectations for interest rates, bu