Growth Equity Update
Insights
The 51st Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory.
Patrick Wellington
Vice Chairman of Equity Advisory
Patrick Wellington is a Managing Director and a Vice Chairman of Equity Advisory at Rothschild & Co in London. Patrick Wellington joined Rothschild & Co in 2021. Previously he had spent 38 years working in equity analysis, always in the TMT sectors.
Prior to joining Rothschild & Co, Patrick was at Morgan Stanley, co-founded the UK equities business of Schroder Securities, was the Head of Pan European Research at NatWest Markets and began his career at Wood, Mackenzie.
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Growth Equity Update
Insights
The latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory.
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Growth Equity Update
Insights
The latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory reviews an extraordinary February. $181bn raised in US Growth equity was the biggest monthly total ever, a 24-fold yoy increase and means YTD US fundraising of $216bn is just $18bn short of the total for all of 2025. Into March conflict in Iran is leading to volatile public markets.
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Growth Equity Update
Insights
The latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory reviews an extraordinary February. $181bn raised in US Growth equity was the biggest monthly total ever, a 24-fold yoy increase and means YTD US fundraising of $216bn is just $18bn short of the total for all of 2025. Into March conflict in Iran is leading to volatile public markets.
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Growth Equity Update
Insights
This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. The US growth equity market grew 2.1x by value in 2025 to $234bn (2024 $109.7bn). The growth was fuelled by AI raises which grew 3.3x yoy and accounted for 57% of total proceeds. Europe, where the AI effect was less marked and the leading sector was software, saw the value of raises grow by 44% in 2025 to $49.2bn.
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Growth Equity Update
Insights
This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. The US growth equity market grew 2.1x by value in 2025 to $234bn (2024 $109.7bn). The growth was fuelled by AI raises which grew 3.3x yoy and accounted for 57% of total proceeds. Europe, where the AI effect was less marked and the leading sector was software, saw the value of raises grow by 44% in 2025 to $49.2bn.