Executive Summary:

• Sponsors remained active in Q2 2026 as deal count increased both sequentially and year-over-year

• Deal sizes were generally smaller during Q2: total volume of $10.1 billion fell 28% from Q2 2025 as caution around AI-disruption risk caused a pullback from the larger deals that defined 2025

  • The sell-off early in 2026 erased around $1 trillion in aggregate market cap and compressed public SaaS multiples by over 3x

• Recapitalizations, continuation vehicles, and minority growth investments are giving sponsors and portfolio companies more ways to create liquidity without relying on a traditional full exit

• Financing transactions accounted for 29 of the 50 deals (~58%)

• Minority (financing) volume climbed 46% to $4.6 billion, while total sponsor volume fell as capital rotated out of control buyouts and into growth rounds

• Control deals were smaller and more targeted, with less large-cap M&A activity compared to the same period last year.

The Report Features:

• Q2 2026, LTM and historical Sponsor-led FinTech deal volume and count statistics

• Recent activity trends dissected by deal type, geography, sector and size

• Analysis of recent FinTech Public-to-Private transactions

• Selected notable Sponsor exits

• List of most active Sponsors in FinTech over the last twelve months

• Transaction profiles on notable deals