Valuation Insights H2 2025

Valuation Outlook

December 15, 2025

Valuation Insights H2 2025

This edition of Valuation Insights H2 2025 brings together the latest themes shaping valuation and transaction dynamics across sectors. It highlights areas where markets are accelerating and emphasizes the importance of discipline and data.

In The Next Frontier: Opportunities and Risks as Private Equity Steps into Women’s Sports, we explore one of the most dynamic emerging asset classes. With record attendance, rising media rights values and new franchise models, women’s sports present a compelling growth story, while still requiring careful navigation of early-stage valuation challenges.

Our client story Navigating Global M&A with Regulatory Precision highlights how Kroll supported a complex cross-border acquisition under stringent regulatory standards. By combining advanced modelling with seamless coordination across jurisdictions, our team delivered a valuation that met and exceeded ‘Comisión Nacional del Mercado de Valores’ expectations.

In the FT FoAM Thought Leadership, we explore how semi-liquid fund structures such as ELTIF 2.0 and LTAF are opening retail access to Europe’s private markets and reshaping the region’s investment landscape.

In the article featuring Hakim Abdeljaouad, Managing Director, Valuation Services on How Global Valuation Trends Are Reshaping the GCC Market, we examine how transparency, governance and the rise of mega-projects are redefining valuation standards across the Gulf, strengthening investor confidence and elevating the region’s global profile.

The IVSC Valuation Webinar Series 2025 replay provides global insights from senior leaders on the macro forces shaping the valuation landscape – from inflation and deglobalization to AI, crypto and the expansion of private markets, and how these trends are influencing methodologies and investor expectations.

Explore the Kroll StepStone Private Credit Benchmarks, a new industry standard delivering weekly loan-level data and deep market insights that support more precise pricing, allocation decisions and portfolio monitoring across private credit markets. Sign up for a product tour.

Finally, this edition includes our latest sector updates – the Global Software Sector Update – Fall 2025, the Food and Beverage Report – Fall 2025 and the Cybersecurity M&A Insights – Fall 2025 – offering concise perspectives on performance drivers, consolidation trends and valuation developments across three key industries.

Kroll StepStone Private Credit Benchmarks

The Kroll StepStone Private Credit Benchmarks support the continued growth of private capital markets by allowing users to compare their strategies against a dynamic and accurate market barometer. The Benchmarks deliver timely data enabling asset managers and investors to gain a more complete and accurate understanding of their investments. This empowers them to make informed allocation decisions, set loan terms and pricing and monitor portfolios.

Kroll StepStone Private Credit Benchmarks

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