Welcome to a new, humbler private-equity industry

Private equity dealmakers are getting back to work, but the new phase will favour investors willing to improve operations at the companies they have bought.

April 26, 2023 . 6:18 AM

1 min read

After months of inaction, private equity dealmakers are getting back to work.
More big deals were announced in March than any month since May last year.
The industry that emerges from this period will be a different beast from the all-consuming giant of the 2010s.
Growth in assets is likely to be less rapid and the new phase will favour investors willing to improve operations at the companies they have bought.
Private equity managers might have to ditch their habit of chasing the same targets and look for ways to raise the profitability of their assets.