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Microsoft-backed Builder.ai has started insolvency proceedings after leadership turmoil amid a revision of its reported revenue. Read our full coverage here: pitchb.co/41DroG

In its largest acquisition to date, OpenAI is buying Jony Ive’s AI hardware startup io Products for $6.5 billion. Read Jacob E. Robbins full coverage here: pitchb.co/D8Wsmx

According to Morningstar, Inc. data, assets under management at leveraged loan funds fell by $10.7 billion in April, the steepest monthly drop since March 2020 when markets were displaced by the onset of the COVID-19 pandemic. Read more here: pitchb.co/jzP0ge

PE fundraising plunged 35% to $116 billion globally in the three months through March compared to the same period in 2024, according to PitchBook's Q1 2025 Global Private Market Fundraising Report.

A perfect day on the green at Sleepy Hollow Country Club! 🏌️‍♂️ We'd like to thank our clients for attending the #PitchBookGolf2025 New York Invitational. We had fun and look forward to helping you win what’s next!

Saudi Arabia’s new state-backed AI company, Humain, is launching a $10 billion AI-focused VC fund—the latest in a series of moves designed to turn the kingdom into an AI hub. Learn more here ⬇️

At ~$50 billion, VC secondaries represent only 2% of unicorn valuations, compared with nearly $3 trillion in the primary market. While considered a niche play, our analysts predict that these transactions are poised for growth. Learn more at our webinar: pitchb.co/ndkUtx

Stablecoins are reshaping B2B transactions, and VCs are taking notice. With global supply skyrocketing to $239B from less than $10B five years ago, startups integrating stablecoins into business models are in the spotlight. Read @Michael_Bodley's full coverage here ⬇️