Private Equity Perspectives
A Troutman Pepper Locke Impact Series
As changing market conditions and geopolitical risks continue to pose challenges for dealmakers, it can be difficult to identify and capitalize on opportunities. In this series, members of the firm’s Private Equity practice draw from their experiences in the marketplace to provide commentary, guidance, and predictions about the private equity industry.
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Episode Three – Interest Rates and PE Deals
Pricing remains strong for sellers, despite tightening liquidity. In this episode, Partners Matt Greenberg and Jeremy Levy point to debt as a major factor impacting LBO buyers with less money to spend due to interest rate increases. With a possible slowdown in rate hikes, what does this year bring for funds looking to acquire new assets, and what is the possibility of distressed assets entering the market in the longer term?
Episode Two – The Shifting Market for Buyers
What impact does the market shift favoring buyers in 2023 have on the private equity industry? In this episode, Partners Matt Greenberg and Jeremy Levy discuss the significant effect of the cost of debt on the deployment of capital in Q1, but trends pointing toward a less volatile future market could signal a shift in buyer’s cautiousness for the remainder of this year.
Episode One – A Look Back – and Ahead
Was 2022 a “down year”? It finished with solid deal volume in the private equity industry after the initial “deep breath” that followed a record-breaking 2021. In episode one, Partners Matt Greenberg and Jeremy Levy discuss the changes funds made to their approach to dealmaking in 2022, and forecast the ways in which inflation control and the potential increase in market certainty may impact deals in 2023.