A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.
After years of waiting for valuations to bounce back, private equity is finally taking its medicine – exiting more deals, but at lower prices.
The number of global private equity exits rose 5.4% last year to 3,149, according to data from S&P Global Market Intelligence. Yet the total value of those deals declined 21.2% year over year to $412.1 billion, the data showed.
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