Global PE dealmaking witnessed steep decline in 2023: Bain report

Global PE dealmaking witnessed steep decline in 2023: Bain report

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

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.

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