January 28, 2025

Highlights from Torys’ PE Pulse 2025 report

Following the release of Torys’ annual private equity report, PE Pulse 2025, the report was discussed in a Law360 Canada article sharing key highlights and exploring what’s next for the private equity sector.

The report is informed by input from 25 leaders across private equity, infrastructure, secondaries and venture capital funds, as well as institutional investors and other alternative asset managers, who were surveyed by Torys on the year ahead for private markets.

As highlighted in the Law360 article, dealmaking in 2025 looks optimistic, with 72% of survey participants anticipating increased deal activity, and 20% suggesting we may see more buyer-friendly market dynamics.

Many participants predicted that the secondaries and co-investments markets seem poised to outpace 2024 levels. These transactions have gained prominence in recent years and will likely continue to remain in the private market mainstream.

When it comes to sector-specific opportunities, data centres and technology continue to be exciting areas for investors, with 40% of survey participants identifying this area as an attractive option for 2025.

Despite these optimistic predictions, several factors could alter the course for the year, the report says, including the incoming Trump administration and Canada’s own upcoming federal election. In response to recent challenges affecting private equity over the last several years, the sector is recalibrating—with continued creativity and resourcefulness expected to be shown by leaders as they get deals over the finish line in an active year of dealmaking.

Press Contact

Richard Coombs | Senior Manager, Marketing
416.865.3815

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