The EY Private Equity Pulse is a quarterly report that provides timely, data-driven insights into private equity market sentiment and trends.

---

Stronger exits and increasing buyside point to a more balanced deals market for PE, as AI moves from pilots toward measurable value.

---

Key takeaways:

---

• Private equity acquisition activity posts its strongest quarter in nine months, up 43% from Q2.

---

• Exit activity continues to rise, with deals up 15% from Q2.

---

• AI is moving from pilots toward measurable value: 40% of general partners expect net returns within 12 months.

---

---

Visit https://www.ey.com/pepulse to read our latest private equity insights.

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

---

#PEPulse #privateequity #valuecreation #PrivateEquityTrends #EY #ErnstandYoung

How is Estonia turning AI into public value? Ott Velsberg, Estonia’s government chief data officer, reveals its bold approach to smarter services, skilled teams, trusted data and responsible innovation.

---

Estonia is not only a global leader in e-Government; it is also at the forefront of AI adoption. According to a recent nationwide survey of public sector organizations, nearly 90% reported using AI. Furthermore, on average, a greater proportion of government employees use AI daily compared to their private sector counterparts (37% vs 25%).

---

In episode 1 of AI Pioneers, Ott Velsberg, Estonia’s government chief data officer, explains how mandatory training, role-specific competencies and positioning AI as a productivity tool have normalized its use across the public sector. He tells Thomas Erwin, EY Government and Infrastructure AI co-leader, how the government has put real-world experimentation before drafting policy and reformed AI funding to support testing hypotheses, not delivering outcomes. He explains that openly communicating how data is used and providing clarity on the functioning of algorithms can help build citizen trust.

---

AI Pioneers is a miniseries featuring speakers from pioneering government organizations identified in EY’s data and AI reports. Listen in for practical lessons from peers who have successfully moved from ambition to impact – scaling AI to transform their organizations and how they serve citizens.

---

#ErnstAndYoung #EY #Ai

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

Disruption is relentless. Having the right strategy to restructure or turn around an organization can help turn adversity into opportunity. Learn more about EY-Parthenon Turnaround and Restructuring Strategy.

---

Find out more: ey.com/eyparthenon

---

Follow us on:

---

LinkedIn: https://www.linkedin.com/company/ey-parthenon

---

Instagram: https://www.instagram.com/ey_parthenon/

---

Facebook: https://www.facebook.com/EYParthenon/

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

EY wavespace™ can help you reimagine what’s possible and reframe your thinking to solve challenges together, faster. It brings together business, design and technology, helping enable companies to align and mobilize their key stakeholders.

---

Find out more: ey.com/eyparthenon

---

Follow us on:

---

LinkedIn: https://www.linkedin.com/company/ey-parthenon

---

Instagram: https://www.instagram.com/ey_parthenon/

---

Facebook: https://www.facebook.com/EYParthenon/

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

Trade and tariff policies continue to shift. EY policy leaders discuss how trade and tax policies are converging and what companies can do now to build resilience and prepare for what's next.

---

The pace of global change is relentless, and decisions rarely occur in isolation. Around the world, leaders are navigating a complex web of competing priorities: stimulating growth while protecting public finances, balancing security needs against budget constraints, working with international partners without sacrificing national interests and embracing technological innovation amid rising risks. These pressures all surface in global tax negotiations, which increasingly mirror the interconnected and demanding realities of modern policymaking. Learn more from the EY 2026 Outlook for Global Tax Policy and Controversy https://www.ey.com/en_gl/tax-policy-controversy-outlook

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

Customer expectations are becoming more varied than ever. This is raising the bar for organizations to provide more personalized experiences, more proactive services, and more seamless physical and digital interactions.

---

Find out how EY Studio+ uses data, AI and human-centered design to reimagine and hyperpersonalize customer experience: https://www.ey.com/en_sg/services/consulting/transformative-experiences

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

RTRI Episode 9: Why engagement matters as policy changes continue to evolve.

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

What does an AI-first financial services organization look like? Explore how AI is changing risk, operations, data and workflows.

---

https://www.ey.com/en_us/alliances/servicenow

---

AI is changing how financial services organizations think about risk, operations and the way work gets done.

---

Hear from industry leaders on the shift from AI experimentation to practical AI at scale, including what it takes to prepare data and knowledge, rethink processes with an AI-first mindset, manage risk at the pace of change and use governed workflows to turn AI-driven insights into action.

---

The conversation explores where financial services organizations can start today while preparing for a future in which AI plays an increasingly important role across the enterprise.

---

Learn more about the EY-ServiceNow Alliance:

---

https://www.ey.com/en_us/alliances/servicenow

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

See how AI-enabled cyber operations can strengthen resilience, improve risk visibility and support growth.

---

https://www.ey.com/en_gl/services/cybersecurity/managed-services

---

Cyber threats are evolving rapidly as AI increases their speed, scale and sophistication. Many organizations, however, continue to rely on fragmented and reactive cybersecurity processes that limit visibility and make it harder to respond effectively.

---

EY Cybersecurity Managed Services combines AI, advanced analytics, automation and human experience to help organizations transform and run their cybersecurity operations. The modular, scalable approach can help organizations:

---

• Gain an enterprise-wide, real-time view of cyber risk

---

• Strengthen cyber resilience and respond faster to emerging threats

---

• Improve operational efficiency through intelligent automation

---

• Adapt cybersecurity operations as business needs evolve

---

• Turn cybersecurity from a defensive function into a strategic business capability

---

By bringing together experience across cyber, risk, technology and regulation, EY teams help organizations reduce complexity, manage risk and enable confident innovation and growth.

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

How should CFOs invest in AI when traditional ROI measures fall short? Andrew Ashton, Cisco's Senior Vice President of Corporate Finance, shares how pilots, governance and prioritization can reveal where AI investment is creating value and where it is not. Watch now.

---

Follow the EY Better Finance: CFO Insights podcast for more conversations with global CFOs and finance leaders.

---

Find out more on https://www.ey.com/betterfinance

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

---

#EY #ErnstandYoung

Digital transformation requires more than technology. Learn how connected data, AI and business orchestration drive better outcomes.

---

---

https://www.ey.com/en_us/alliances/servicenow

---

Many organizations focus on technology first when pursuing large-scale transformation. But technology alone does not drive value. In this video, EY leaders discuss why successful transformation starts with connecting people, processes and data to create better experiences, improve agility and enable AI at scale.

---

Hear perspectives on breaking down organizational silos, orchestrating intelligence across workflows and shifting from task automation to outcome-driven transformation. Learn why connected systems and integrated data are critical to unlocking the full potential of AI and delivering measurable business value.

---

Explore how EY and ServiceNow are helping organizations embed AI into core workflows:

---

https://www.ey.com/en_us/alliances/servicenow

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

EY Tax alliances bring the right technology, tax experience and ecosystem together, connecting data, workflows and AI to help tax create value with confidence.

---

Learn how strategic alliances help organizations scale, innovate and drive impact.

---

Visit: https://www.ey.com/en_gl/tax-and-technology-in-sync

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/

---

X: https://x.com/EYnews

EY Tax and SAP embed tax at the point of ERP design, helping organizations improve data, manage change and make AI practical.

---

Learn how strategic alliances help organizations scale, innovate and drive impact.

---

Visit: https://www.ey.com/en_gl/tax-and-technology-in-sync

---

Get more insights from EY:

---

Visit: https://www.ey.com/en_gl

---

Follow us on…

---

LinkedIn: https://www.linkedin.com/company/ernstandyoung/

---

Facebook: https://www.facebook.com/EY/

---

Instagram: https://www.instagram.com/ey_global/