A lackluster start for exits
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PE exits came in lower in Q1 than what we’ve become accustomed to. PitchBook’s Q1 US PE Breakdown Report found about $90 billion worth of sales, the slowest quarter since deal markets revved up in Q4 2020. $90 billion isn’t low on a historical basis; it’s in line with quarterly totals last seen 2018 and 2019. Even so, coming off a mammoth 2021, which more than doubled the previous record, Q1 2022 shrinks by comparison.
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