Europe

PropertyMe provides property management software.

Public companies with market caps of $5bn-$15bn are partnering with buyout and tech investors so they can develop AI features away from public scrutiny, said Voss.

Comrod is a manufacturer of antennas, control systems, masts, amplifiers and power supplies for the defence and commercial markets.

Paraty Tech is a cloud-based demand generation platform used by independent hotels, hotel chains, and mid-market properties across Iberia.

Smiths Detection offers threat-detection and security-screening technologies for airports and critical infrastructure.

RiskConcile is a Belgian provider of cloud-based regulatory reporting, risk calculation, and fund data services for the European fund industry.

Some growth in GPs' portfolio companies may come more from M&A than underlying equity performance, the research found.

Winback is a French provider of non-invasive medical, rehabilitation, sports recovery and aesthetic technologies.