
Despite high interest rates, Private Equity starts 2023 with perspectives of long-term growth
The Boston-based consulting firm Bain & Company released its Global Private Equity Report 2023. In the foreword, the Chairman of Bain’s Global Private Equity practice, Hugh MacArthur compares the year 2022 for the industry to the novel A tale of two cities by Charles Dickens : a roaring first semester with a peak of activity interrupted by the abrupt raise of the rates by the Federal Reserve in June. Overall deals exit and fund-raising counts dropped through 2022, the investments reaching the total of 654 billions dollars versus 1,012 billions dollars in 2021. In 2022 Global Buyout value dropped by