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The Repricing of Private Markets: 25 Years of Data on Valuations, Leverage and Returns

Private markets have been fundamentally re-priced — and LPs need to understand what that means for manager selection, underwriting discipline, and portfolio risk.

Based on CEPRES Market Intelligence data from 172,000+ private market deals since 2000, this whitepaper examines how entry valuations, leverage, and returns have evolved across private markets, with deeper analysis of North American buyouts and Software. The findings show that median entry EV/EBITDA multiples have nearly doubled, while high-leverage deal structures have become more common across the market.  

Download the whitepaper to see what 25 years of verified deal data reveals about the changing economics of private markets — and the questions LPs should be asking GPs today.

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Finding the Diamond in the Rough: How Deal Comps Can Help Uncover Hidden Opportunities and Avoid Costly Mistakes

Private equity underwriting is only as good as your deal data. But most “comps” are incomplete — scraped, filed, or estimated.

This whitepaper shows, through two real DealForge case studies, how verified private market Deal Comps can reveal mispriced opportunities and surface risk the market is missing.

Download the whitepaper to see how granular Deal Comps can sharpen your thesis and improve underwriting decisions.

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CEPRES' 2026 Private Credit Outlook

Get a data-driven view of the trends shaping private credit in 2026 — from widening performance dispersion and sector-level risk to refinancing pressure and borrower resilience. Built on CEPRES private markets data across 17,200+ funds and 157,000+ deals, this report helps investors move beyond headline market narratives and understand what is really driving outcomes at the loan level.

Download the report to explore where risk is building, where opportunity remains strongest, and why manager selection, sector expertise, and deeper portfolio transparency matter more than ever.

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Turn Energy Volatility into Lasting Portfolio Resilience

For Limited Partners, macro-volatility often arrives as a "black box." When energy prices swing on renewed geopolitical tensions, the critical question isn’t just whether your portfolio is exposed, but which managers are proactively defending your returns.

CEPRES Portfolio Management provides LPs with the look-through transparency required to prove resilience across a diversified private markets program.

Client Exclusives

Private credit: Spotlight on deals — the winners and losers & bounce back from the crisis

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Navigating Private Debt: A Deep Dive into Historical Risk and Returns

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