When the Q1 books closed, private equity was on pace for a 27% drop in fundraising from 2022, making 2023 the worst fundraising year for new PE funds since 2018. How are PE firms grappling with this slowdown? What might the backhalf of 2023 look like? During our recent webinar, Juniper Square’s Jay Farber was joined by Daniel J. McQuade, P.C. of Kirkland & Ellis, Nake Grewal of Wells Fargo, and Elizabeth Weindruch of Barings to discuss:
How long the denominator effect may continue to affect fundraising;
The changing power dynamic between GPsS and LPs in different parts of the market; and
What signs they’re watching for to indicate the credit markets are beginning to normalize.