Dry Powder: The Private Equity Podcast
Private equity deal activity was somewhat Dickensian in 2022. It appeared to be the best of times in the first half of the calendar year, followed by the worst of times. In truth, it was simply a bewildering time.
You can listen to this episode of Dry Powder and catch future episodes by subscribing on Apple Podcasts, Google Podcasts, Spotify, or wherever you may listen.
When I talk with clients about the state of today’s market, many of them say the single greatest obstacle to dealmaking is uncertainty.
It’s not just climbing inflation or interest rates. It’s not the war in Europe or supply chain disruptions or any of the other macro risks in the headlines. It’s the overriding question of when it all will end and where the economy will land.
Today on Dry Powder, we review the clashing indicators and sum up the key trends in Bain & Company’s 2023 Global Private Equity Report, including a tremendous buildup of dry powder, exit pressures that GPs face, and a cash crunch that has LPs wondering when they can get out of jail and get dealmaking back on track.
The Private Equity Podcast
In our podcast series, Bain's Hugh MacArthur interviews leading experts on the trends and opportunities that will redefine the private equity industry.
First published in febbraio 2023