From Wall Street Journal:

In 2023, private-equity firms were notably absent from Wall Street dealmaking due to high interest rates and shaky market conditions. This made it difficult for them to cash out of current investments, and some investors were pulling back. A Fed official suggested that rate cuts may be needed next year to prevent over-tightening, signaling potential relief for the strained dealmaking environment. While it remains to be seen what the eventual impact will be, the absence of private-equity firms in 2023 is a departure from their usual influence on Wall Street.



Read more: ‘This Can’t Go On for Much Longer.’ Private Equity’s Deal Lament