Navigating a shifting tide
Dealmaking, exits, and fundraising roared to stunning heights in 2021. And while the first half of 2022 sustained some of this momentum, the second half was marked by sharp declines. High inflation and fears of a recession pushed many private equity investors into choppy waters. In 2023, funds will continue to navigate a range of challenges. But history shows that deals made coming out of a downturn typically generate superior returns over time.
Our annual report reflects on how several factors—from inflation to financial instability and uncertainty, to geopolitical tensions—dominated the private equity landscape in 2022 and how players can navigate the turbulent year ahead.
