This yr has actually been a rollercoaster! The markets began off with optimism, however then collapsed into the spring, solely to rebound with enthusiasm in latest months. The cadence of M&A has picked up, making a tailwind for the sector. However we’ve additionally been awash in chaos from macro and coverage modifications, creating uncertainty for traders and operators; hopefully these macro dangers proceed to fade. Current years’ themes have solely accelerated – the rise of Chinese language innovation, the ubiquity of AI as a drive for transformation, and the large alternative in addressing weight problems.
It’s been a tough one to pin down for our “12 months In Evaluate” – however we gave it a shot. Previously month, we’ve held our 2025 Atlas Enterprise Retreat with trade leaders and our Annual Normal Assembly for our Restricted Companions (our traders). It was a privilege to as soon as once more kick off every of those conferences.
Right here’s the hyperlink to this yr’s presentation: Atlas’ 2025 12 months In Evaluate.
As I’ve famous in previous years, listening at 1.25x+ velocity is certainly advisable, and strikes via the practically 50-minute presentation barely quicker.
For these , right here’s a library of previous 12 months In Evaluate displays (2024, 2023, 2022, 2021, 2020, 2019, 2018).
Particular thanks once more this yr to my Atlas colleagues Aimee Raleigh and Kristen Margeson, who had been instrumental in serving to me pull it collectively, and to Edward Goin, our graphic designer.
I’d additionally wish to thank all of our mates within the trade who helped present knowledge supporting this speak, together with BCG, Cambridge Associates, Cantor, Centerview, Citi, Cowen, Evercore, Goldman Sachs, IQVIA, Jefferies, JP Morgan, Leerink, LEK, McKinsey, Morgan Stanley, Pitchbook, Radford, Raymond James, SVB, Stifel, and others (listed in alphabetical order).
