These charts show the benefits of growth equity. On the left we show growth equity activity in the U.S. by investor type, with “growth” investors seeing a noticeable uptick in 2021 versus the historical trend. The top right chart shows the average last twelve months EBITDA purchase price multiple for buyout, growth equity and public equities. While growth equity has tends to be more expensive than buyout, this additional costs comes with the benefits of high annual EBITDA growth as shown by the chart on the bottom right.