Global Private Equity Report 2023

Bain & Company

Research

76 Pages

Bain & Company reviews how global private equity entered 2023 after an abrupt break in a decade long boom. It traces a sharp slowdown in deals exits and fund raising as rates rose while dry powder stayed elevated. Chapters then dig into energy transition web3 and the push to tap individual investors as a fresh growth engine.

Key Takeaways

Cycle reset context: Rising rates and inflation slow deals while underlying industry fundamentals remain intact.
Shift in value creation: With cheap leverage fading, sponsors focus on operational improvement and organic growth rather than multiple expansion.
New structural themes: Energy transition web3 and retail capital emerge as long term drivers of opportunity and competition.

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