The muted deal environment, characterized by high-interest rates, hefty valuations & heightened regulatory scrutiny, pushed LPs to be more cautious in 2023.
S&P Global | April 4, 2024

The muted deal environment, characterized by high interest rates, hefty valuations, increasing bid-ask spreads and heightened regulatory scrutiny, pushed LPs to be more cautious in 2023, said Rahul Thakur, director for private markets.
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