Mar 14, 2024 04:26 AM

FINANCE

Global PE Market Rides Steepest Drop in 2023, Bain Says

By Bao Yunhong and Han Wei

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What’s new: The global private equity market witnessed its steepest decline in 2023 since the global financial crisis as rapidly rising interest rates led to sharp fall in dealmaking, exits and fundraising, consulting firm Bain & Company Inc. said in a recent report.

Global buyout investment value dropped 37% from 2022 to $438 billion, the lowest level since 2016. The number of deals plunged 20% to around 2,500, according to the report.

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