European private equity exits saw a resurgence in 2024, marked by a 5% increase to €14.1 billion in the first half compared to late 2023, driven by a rebound in IPOs, LP pressure, and GP-led secondary deals. Notable exits included EQT’s €2.9 billion sale of Idealista to Cinven. The IPO market in EMEIA rose 45% year-on-year, with significant listings like Triton’s Renk Group. Increased LP demands prompted GPs to refine exit strategies, while GP-led secondary transactions emerged as a new norm amid traditional exit routes remaining below peak levels. Optimism for the European exit market is expected to grow in 2025.