Private Equity Midyear Report 2025

This document is a midyear report that provides an analysis of the private equity market as of 2025. It discusses the impact of tariff turmoil on dealmaking and exits, highlighting a slowdown in the second quarter compared to the first quarter of the year. The report outlines how early optimism in 2025 was dampened by uncertainties surrounding tariffs, which have affected investor confidence and market dynamics. It details significant transactions and the challenges faced by private equity firms in achieving liquidity and executing exits. The report also notes that while the market is under pressure, opportunities for proactive dealmaking and revenue growth remain. Furthermore, it addresses the difficulties in fundraising, with a notable decline in the size and number of funds being raised. The document emphasizes the need for private equity firms to adapt to changing conditions and find creative solutions amidst ongoing market volatility.