News
Abbott 2026 Promotions
Abbott is pleased to announce that Moritz Turck has been promoted to Managing Director.
OVERVIEW
After a volatile first half of the year, markets continued their upward trajectory in the third quarter of 2025. The Nasdaq and S&P 500 reached record highs in the quarter as the Federal Reserve eased rates, investors continued to support AI-related shares, tariff uncertainty abated, and the tariffs themselves appear not to have exacerbated inflation as much as feared. While employment itself is weakening, the unemployment rate remained relatively stable, suggesting a domestic workforce that is contracting as baby boomers continue to retire and net immigration slows.
Strong equity markets no doubt helped fuel the rebounding private market exit activity across venture capital, North American private equity, and European private equity. Deal activity climbed as well, with pricing rising in venture capital, but slightly softer in buyouts.
Notwithstanding improving metrics, 2025 thus far has not generated the flood of exit activity some were predicting a year ago. As we go to print, continued strength in the public markets and a further rate cut by the Fed may help provide support for a strengthened investment and exit environment in the coming quarters.
VENTURE CAPITAL

U.S. PRIVATE EQUITY

EUROPEAN PRIVATE EQUITY

SECONDARIES

ADDITIONAL CHARTS



SOURCES
Unless otherwise noted, with respect to private equity information, data sourced through: Q2 2025 PitchBook US PE Breakdown, Q3 2025 PitchBook US PE Breakdown, and Q3 2025 PitchBook European PE Breakdown.
Unless otherwise noted, with respect to venture capital information, data sourced through: Q3 2024 PitchBook-NVCA Venture Monitor and Q3 2025 PitchBook-NVCA Venture Monitor.
Unless otherwise noted, with respect to secondaries information, data sourced through: Preqin historical fundraising data for secondaries and direct secondaries funds as of 10/22/2025 and PJT Partners Q3 2025 Secondary Market Insight, October 2025.
IMPORTANT INFORMATION
Past performance is not a guide to future results and is not indicative of expected realized returns.
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The views and information provided are as of December 2025 unless otherwise indicated and are subject to frequent change, update, revision, verification and amendment, materially or otherwise, without notice, as market or other conditions change. There can be no assurance that terms and trends described herein will continue or that forecasts are accurate. Certain statements contained herein are statements of future expectations or forward-looking statements that are based on Abbott’s views and assumptions as of the date hereof and involve known and unknown risks and uncertainties (including those discussed below and in Abbott’s Form ADV Part 2A, available on the SEC’s website at www.adviserinfo.sec.gov) that could cause actual results, performance or events to differ materially and adversely from what has been expressed or implied in such statements. Forward-looking statements may be identified by context or words such as “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential or continue” and other similar expressions. Neither Abbott, its affiliates, nor any of Abbott’s or its affiliates’ respective advisers, members, directors, officers, partners, agents, representatives or employees or any other person is under any obligation to update or keep current the information contained in this document.
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Abbott is pleased to announce that Moritz Turck has been promoted to Managing Director.
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