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Tech buffering

It’s fair to say tech has had a bit of a bumpy ride over the last couple of years. Elevated interest rates skimmed off the frothy valuations in the sector and there has been a sobering reality check for many investors.

Tech M&A activity has remained somewhat muted compared with the years leading up to when the Fed started hiking rates, but a recent report from Union Square Advisors is finding a rosier picture this year with plenty of green shoots to get investors excited.

Union Square says that through 30 September, tech M&A volume totaled $238bn, a 24% increase over the same period in 2023. And that's not just limited to the BSL market, as overall private placements for tech M&A deals through Q3 2024 totaled $137bn, rising 142% from the same period in 2023.