PitchBook-全球市场快照（英）

Global MarketsSnapshotJuly 2025Overview3Equity Markets4Debt Markets6Real Estate8Appendix9Note: All data in this report is as of July 31, 2025, unless noted otherwise.2GLOBAL MARKETS SNAPSHOTContentsPitchBook Data, Inc.Nizar Tarhuni Executive Vice President of Research and Market IntelligenceDaniel Cook, CFA Global Head of Quantitative Research & Market IntelligenceZane Carmean, CFA, CAIADirector, Quantitative ResearchInstitutional Research GroupAnalysisMiles OstroffAssociate Quantitative Research Analystmiles.ostroff@pitchbook.compbinstitutionalresearch@pitchbook.comPublished on August 1, 2025Overview Select major indexes total return Select major indexes three-year total return Note: Three-year returns are annualized.Source: Morningstar Monthly global megafund capital raised ($B) by type One-year change in select commodities Note: Megafunds include VC funds of $500M+ or debt, PE, real assets, or real estate funds of $5B+.Source: PitchBookSource: Morningstar US Treasury yield curve Euro area AAA yield curve 10-year government bond yieldsSource: FREDSource: European Central BankSources: FRED, Tullett Prebon2 GLOBAL MARKETS SNAPSHOTYTD: +4.1% | 1-yr: +7.1% | 3-yr: +16.2%Nikkei 225FTSE 100Morningstar GlobalNasdaq CompositeS&P 500YTD: +8.6% | 1-yr: +16.3% | 3-yr: +17.1%YTD: +9.8% | 1-yr: +20.9% | 3-yr: +20.4%YTD: +11.7% | 1-yr: +15.6% | 3-yr: +15.2%YTD: +14.2% | 1-yr: +13.2% | 3-yr: +11.3%20 years ago10 years ago5 years ago1 year agoJul '25-1%0%1%2%3%4%5%3-mo1-yr5-yr10-yr30-yrBond maturity20 years ago10 years ago5 years ago1 year agoJul '250%1%2%3%4%5%6%3-mo1-yr5-yr10-yr30-yrBond maturity+35.4%-8.2%+0.6%-30%-20%-10%0%10%20%30%40%50%JulAugSepOctNovDecJanFebMarAprMayJunJulGoldBrent oilGSCI Agri.1.56%2.70%3.21%3.34%3.35%3.51%4.27%4.38%4.57%JapanGermanySpainGreeceFranceItalyAustraliaUSUK+60.6%+37.9%+53.1%+56.9%+74.5%-40%-20%0%20%40%60%80%Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025S&P 500Nasdaq CompositeMorningstar GlobalFTSE 100Nikkei 225$0$20$40$60$80$100$120$140Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025PEVCReal estateReal assetsDebtEquity markets Select public indexes total returnSource: Morningstar VC-backed unicorns created monthly by HQ region PitchBook US IPO and DeSPAC indexes versus Nasdaq three-year returnSource: PitchBookSources: Morningstar, PitchBook Largest PE- and VC-backed public listings in JulyCompanyDateBackingValuation ($B)Exchange: TickerIndustryHQ countrySmartworks Coworking SpaceJuly 17VC$46.4NSE: SMARTWORKSBusiness prod. & serv.IndiaHuadian New Energy GroupJuly 16VC$18.2SHG: 600930EnergyChinaFigmaJuly 31VC$16.1NYS: FIGSoftwareUSNielsenIQJuly 23PE$6.2NYS: NIQBusiness prod. & serv.USAccelerant HoldingsJuly 24PE$4.6NYS: ARXFinancial servicesCayman IslandsAnthem BiosciencesJuly 21PE$3.7NSE: ANTHEMBusiness prod. & serv.IndiaE-Town SemiconductorJuly 8VC$3.5SHG: 688729IT hardwareChinaMcGraw-HillJuly 24PE$3.2NYS: MHConsumer prod. & serv.USCirsaJuly 9PE$2.9MAD: CIRSAConsumer prod. & serv.SpainGeek+